Mark Bouris

Mark Leigh Bouris AM is an Australian businessman who is best known as the founder and chairman of 'Wizard Home Loans', Australia's second largest non-bank mortgage lender behind Aussie Home Loans. He is now the chairman of Yellow Brick Road, a business which he founded in 2007.

Background

Bouris was born to a Greek father and an Irish-Catholic mother. He attended the University of New South Wales.

Business career

Wizard Home Loans was founded by Bouris in 1996 and was sold to GE Money in 2004 for $500 million. Subsequently Wizard was sold by GE to competitor, Aussie Home Loans, for a fraction of the $500 million during the midst of the Global Financial Crisis in December 2008. However, thousands of mortgage holders were left locked into a loan with a GE Money subsidiary that refused to pass on interest reductions but did increase interest rates in line with RBA increases .

Current business

On 18 June 2009, Bouris became the chairman of TZ Limited. Bouris wrote “I am a true believer in TZ, its technology, its people and now its working rhythms. I am excited about the future and I am privileged to be involved in what I consider to be an extraordinarily bright future for this company.”