Macquarie Group executive Jason Fereday will become the new MD and CEO of Insurance House Group.

He replaces Wayne Hildebrand, who will retire on July 1 after 18 years’ service.

Mr Fereday is currently Division Director of Macquarie Business Banking’s Banking and Financial Services Group, based in Victoria.

He was CEO of Macquarie Premium Funding in North America from 2007-10.

Melbourne-based Insurance House employs 150 staff in 10 city and rural offices, with turnover of more than $200 million.

Mr Fereday says he has watched Insurance House grow, and the skills and networks he has built over 16 years with Macquarie “will assist me to contribute to the continued strategic development and enhancement of the business”.