Metro Finance, a prominent non-bank auto and equipment finance provider in Australia, has announced the appointment of David Albest as its new Chief Executive Officer (CEO). This transition comes as Metro’s Founder and previous CEO, Phillip Crossman, steps into the role of Executive Chairman.
Founded in 2011 by Phillip Crossman, Metro Finance has grown into one of Australia’s leading non-bank lenders, known for its customer-centric approach and innovative financial products. The company started with just a handful of employees and has since expanded its offerings, playing a significant role in the Australian finance sector by providing flexible and accessible financial solutions.
Before his appointment as CEO, David Albest served as Metro’s Chief Operations Officer. With over 25 years of experience in asset finance, including more than a decade at Metro, David has been integral to the company’s growth. As one of Metro’s first employees, he has helped cultivate a collaborative culture centered on customer satisfaction. His leadership and dedication have been pivotal in scaling the business from its modest beginnings.
Phillip Crossman expressed his confidence in David’s leadership as he steps into the CEO role, stating, “As I take on this new role within the company, I’m delighted to be passing the baton to David; someone I have worked with closely for over a decade, and someone with a wealth of experience both within the Metro business and in the wider finance sector.” Phillip is optimistic about Metro’s future under David’s leadership and looks forward to supporting him in his new capacity as Executive Chairman.
David Albest, excited about the new chapter, paid tribute to Phillip and the team, saying, “It’s an exciting time for the Metro business as we continue to innovate and offer new products to our customers. Certainly, Phil leaves some huge shoes to fill, but I’m thrilled to be taking on this new opportunity with the company I have spent the last decade helping to build.”
Under David’s leadership, Metro Finance aims to continue its trajectory of growth and innovation. The company recently launched MetroEco, an Australian-first product designed to help small to medium-sized businesses invest in environmentally friendly assets like electric vehicles, solar panels, and charging solutions. This initiative aligns with Metro’s commitment to providing flexible, customer-led financial solutions through a national network of introducers.
As Metro Finance embarks on this new chapter, the company remains committed to its founding principles of innovation, collaboration, and customer satisfaction, ensuring it continues to lead the way in Australia’s non-bank finance sector.