Of the 25 new appointments, 14 are experienced senior credit analysts boosting its national credit team to 46 dedicated loan writers; the balance of the new hires are BDMs and administrative support staff. “This makes us one of the largest specialist credit teams in Australia,” said Cory Bannister, Vice President - Head of Distribution.
Bannister further stated, “These new staff will further bolster our commitment to brokers by continuing to deliver Australia’s broadest product suite in the specialist market, currently originating in excess of $300 million in loan applications per month.”
“We are very fortunate to have maintained our independent private ownership structure, our large retail credit Fund, and our broad product range catering for residential, commercial, SMSF, construction, non-resident finance, and our latest innovation parent-to-child (P2C™) loan products. It’s this breadth of products on both a Lite Doc™ and Full Doc basis that makes us the best choice for brokers and we are looking to expand our market penetration further in the coming months.”
Bannister added, ”With additional new funding lines for future growth secured, our growing retail Credit Fund paying 5.20%p.a. for a twelve month term investment, and a further RMBS issue due to market shortly, our capacity to continue to grow is now all in place giving us the most flexibility in Australia.”
La Trobe Financial’s non-listed private ownership structure also provides unique opportunities for forward growth, with products ranging from investments in Australia’s largest mortgage and credit retail Fund to lending services on a Full-Doc or Lite Doc™ basis. Our group revenue last financial year was $148 million and we hold group Net Assets in excess of $88m expected to be $100m by December this year. This is larger than some of our listed peers and bigger than nearly all non-listed operators in the sector. La Trobe Financial really is bringing its size and strength to bear in the market.
Bannister stated, “Our Lite Doc™ income verification methodology - pioneered by us in 1980s -continues to be extremely popular with brokers in the market. We are looking to further expand this and other innovative products to assist under-served Australians well into the future, especially following the recent restrictions placed on investment lending by the bank regulator.”
Craig Robertson, National Sales Manager stated, “Since 1952 we have continually proven our commitment to innovation, product quality and superior service. Our reputation as a true solutions lender remains strong because of the quality and stability of our products over the longer term; 63 plus years of successful business strongly demonstrates this. In addition, we have also added Galilee Solicitors, a national law firm to our lending panel. We are now well equipped to meet the growing demands of our clients and continue our exceptional service that we are known for.”
Robertson further commented: “We are also looking to further expand our established footprint in the NSW market with a number of upcoming key appointments in the coming months as we continue to expand and serve our clients.”
About La Trobe Financial
La Trobe Financial is Australia’s largest non-listed credit specialist Fund Manager with over 150 staff and offices in Melbourne, Sydney and Shanghai. We have been a proven and trusted investment partner for institutional and retail investors alike for over 60 years, managing investment mandates in excess of A$10 billion. La Trobe Financial is independently rated and holds all requisite regulatory licences; La Trobe Financial Services Pty Limited – Australian Credit Licence No. 392385. La Trobe Financial Asset Management Limited - AFSL & Australian Credit Licence No. 222213.
For further details, visit our website latrobefinancial.com. For details of our ratings please view our Awards & Ratings link on our website.
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