The Board of Yellow Brick Road Holdings Limited announced that Mr. Frank Ganis has been appointed the Chief Executive Officer of YBR. Mr. Ganis was formerly an Executive Director at Macquarie Group, where he co-founded Macquarie's mortgages and securitisation business in the early 1990s and was instrumental in building the mortgage securitisation sector in Australia. In joining YBR as CEO, Mr. Ganis will play a key role in the finalisation and roll out of YBR's own self-funding securitisation programme, which has been announced as a key strategic objective by Executive Chairman Mr. Mark Bouris. The Group continues to make further key adjustments to the business including a reduced executive team. The appointment of Mr. Ganis will serve to enhance the overall efficiency, quality and skill set of the leadership team, which will result in cost reduction, improve revenue and boost profitability.