iExtend has appointed Michael Hull as COO, welcoming his “extensive and broad” business background.

Mr Hull previously spent more than two decades in equity markets, where he worked as a trader before moving into management roles and international appointments.

“We want to ensure our methodology and procedures continue to deliver high rates of compliance and regulatory adherence and we look forward to Michael facilitating future business growth built on these strong foundations,” iExtend CEO David Sarkis said.

The business was launched more than three years ago and received its Australian financial services licence last year.

It owns part interests in term life policyholders’ covers and pays all premium on the co-owned portion. When a payout is made, iExtend shares it with the nominated beneficiaries or estate.