Mark Pascoe joined AMP Bank on 29 April, moving into its mortgage brokers distribution team after 16 years at ANZ. The appointment puts a former strategic partnerships manager into a role built around broker and aggregator relationships, where AMP Bank already relies heavily on that channel.
Pascoe's broker mandate
16 years at ANZ gave Pascoe a long run in banking before he arrived at AMP Bank, and the new role gives him direct responsibility for driving the delivery of AMP Bank products to aggregator and broker partners. He will also develop and execute partnership strategies and support key initiatives for targeted business growth.
Four years as a mortgage broker in New Zealand, plus a move to Australia in 2010, gives him a sales-side background that sits close to the channel he now serves. That mix matters for broker distribution because the job is not just product placement; it requires working across aggregators, partners and brokers on how the bank's offers reach clients.
AMP's 95 per cent reliance
95 per cent of AMP Bank's lending came through broker-originated flows in the financial year ending December 2025, which leaves little room for a weak broker network. Pascoe's remit sits inside that reality, and Travis Hall said his experience working with brokers and aggregators would be a great asset to the team.
Travis Hall also said Pascoe would play an important role as AMP Bank continues to build long-term broker relationships, supporting brokers to better serve their clients and grow their businesses. Mark Pascoe said he was really thrilled to join AMP Bank as strategic partnerships manager, and added that he was really excited to re-engage with aggregator partners and reconnect over at AMP and also keen to get out in the market and catch up with brokers and reconnect again.
Blair Vernon at AMP
End of March brought another change at the top, when Blair Vernon took over as AMP's CEO from Alexis George. The new leadership is also steering AMP toward pre-retiree offerings, including 10-year interest-only loans and its recently-updated SMSF home loan offering, while the group invests in a technological overhaul that includes the broker channel.
4 signals now define the setup for mortgage brokers dealing with AMP Bank: a new partnerships manager, a broker-led lending mix at 95 per cent, a refreshed chief executive and a technology push. Pascoe's next test is whether those pieces turn into more useful conversations with aggregators and brokers in the market.
