JOHANNESBURG – Bond originator MultiNET has announced the appointment of Shaun Rademeyer as its new CEO as of 1 July 2018.

The company has been without a CEO since the untimely death last year of MultiNET founder John Smyth, and has been run by an executive team which said this week it believed Rademeyer’s expertise would ensure that MultiNET continued to be a serious contender in the origination industry while maintaining its independence.

In addition to its bond origination service, MultiNET also offers home loan pre-qualification, home-related insurance and debt rescue services, and promises its clients transparency and access to knowledge as well as service excellence. (See www.multinet.co.za)

Rademeyer, who was previously the CEO of BetterBond, will only take up his new role in July because he is honouring a six-month restraint of trade with his former employer.

“BetterBond is a great company with amazing people and I wish them all the best for the future. Making this decision has been one of the most challenging times of my career, but one of the key things I learned in my time with the group was to be bold in the pursuit of one’s dreams.

“I also believe that the presence in the market of independent originators like MultiNET is important, because it ensures that the industry remains competitive, for the benefit of borrowers as well as other stakeholders.”

MultiNET’s interim CEO Rita Brand notes: “Our goal is to continue to provide an alternative origination option and help to build a sustainable origination industry that subscribes to free market principles.

“However, to maintain the focus on our people, business partners and customers, we need a new CEO. At the same time, Shaun needs a new challenge, so this is a perfect fit, and we are really looking forward to welcoming him to the company.”