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Executive Chairman
Michael is the founder, major shareholder and Executive Chairman of Balmain NB Corporation Limited. After working for the Australian Guarantee Corporation for 2 years, Michael established Balmain in 1979. Balmain is a broad based financial services company specialising in commercial property finance that employs over 140 staff in 8 offices in Australian and New Zealand. The company has a commercial loan portfolio of loans under advice of in excess of $6 billion and its services encompass loan origination, loan servicing, funds management and asset management.
Michael is the Chairman of Balmain Fund Administration Limited (AFS Licence 333213), responsible entity of the Balmain (MMT) Mortgage Trust (ARSN 107 891 967) and the Balmain (MWMT) Mortgage Trust (ARSN 112 662 987) and member of the Credit & Investment Committee.
Since 1994 he has been a director of AMAL Asset Management Limited. AMAL is Australia’s largest independent loan administrator (servicer) of commercial property mortgages. AMAL is an Above Average S&P rated service provider and currently manages in excess of $7 billion of commercial property loans for institutional investors.
Since 2004 he has been a director of Balmain Aqua Pty Limited. Balmain Aqua Pty Ltd was formerly known as Mirvac Aqua Pty Limited which was a joint venture between the Mirvac Group and the Balmain Corporation. In 2009 Balmain acquired Mirvac’s interests in this business. Michael remains a member of the Credit & Investment Committees.
Since 2009 he has been a director of Balmain Trilogy Investment Management Pty Limited being the investment manager of Pacific First Mortgage Fund (ARSN 088 139 477) (formerly City Pacific First Mortgage Fund) which is a joint venture between Balmain Group and Trilogy Funds Management Group.
CEO
Andrew commenced his career at Trafalgar Properties Limited in 1987. Andrew was Managing Director of this public company and was responsible for numerous large property developments and associated funding. On leaving Trafalgar in 1997 Andrew continued to work with Robert Whyte, John Singleton and Kerry Packer on numerous property developments as well as the acquisition, funding and management of various operating businesses. Andrew joined Balmain in 2005 and is currently Group Chief Executive. Under Andrew's guidance Balmain has expanded its core capacities from commercial debt origination to a financial services and funds management business with experience and capacity through all levels of secured private debt management. Andrew is RG146 compliant and a responsible manager under Balmain’s AFSL licence.
General Manager
Victoria joined Balmain in 2005 as the Head of People and Growth bringing 10 years prior experience in funds management, life insurance and banking after working for companies such as BT Funds Management, ING Australia and Tower Australia. With commencing responsibilities in human resource management, recruitment and learning and development Victoria progressed to assume broader responsibility as General Manager of Balmain’s shared services division. Victoria’s role builds upon generalist experience in marketing, product management, sales and operations and accords with her specialist interests in business re-engineering, change and organizational development. Victoria’s oversight of shared services ensures Balmain group businesses are appropriately supported with information technology, marketing, sales, and financial resources. Victoria has a Bachelor of Business (Finance & Marketing) as well as a Masters in Adult Education, Training & Human Resources both from The University of Technology and is also a member of The Australian Institute of Training and Development and the Australian Human Resources Institute.
Head of Credit
Bill’s banking and finance career spans 40 years working notably with National Australia Bank, Citibank (vice president) and the ING group (general manager and head of domestic banking) specialising in commercial real estate credit and loan recovery. Bill’s vast experience is highlighted by the fact that in 1994 he was overseeing commercial loan portfolios of some $815m represented by circa 1,700 accounts. Prior to accepting overall portfolio management responsibilities he was personally settling about $100m per annum (3 year average of 90 loans p.a.) in new business and had a team of almost 20 people in Sydney, Melbourne and Brisbane. Bill also divided the portfolio management teams into sub teams headed by the portfolio manager with an analyst and admin assistant, just as Balmain does now. Bill single handedly achieved an S & P above average servicer ranking for AMM, long before AMAL achieved the same status.
Bill joined to head Balmain’s credit team in 2004. Since that time Bill has been responsible for all commercial mortgage lending from balance sheets under Balmain’s credit control and currently manages portfolios with an aggregate value exceeding $800m. Bill is a member of all Balmain credit committees.
CEO - Balmain Funds
Stephen has held senior executive and portfolio management roles in funds management businesses worldwide for over 25 years. He was the Regional Managing Director of TBOi Knowledgebank Pty Limited (a subsidiary of US Life Company, General America), a Director and Portfolio Manager of Heine Management Limited – a specialist mortgage funds manager, a Director of Armstrong Jones Asia and a Director of financial planning group Retireinvest. In 2004 Stephen was appointed as CEO of Mirvac AQUA and later became Chairman of the Mirvac AQUA Investment Committee (now known as Balmain AQUA). Following the acquisition of the AQUA and Mariner funds businesses by Balmain, Stephen was appointed as CEO of Balmain’s Funds Management division, where among other roles he is the portfolio manager of the Balmain AQUA Mortgage Funds and the Balmain Mortgage Trusts. Stephen is RG146 compliant and a responsible manager under Balmain’s AFSL licence.
Company Secretary
Helen Quinn joined Balmain in January 2011 as the Company Secretary and Head of Corporate Governance. Since 1999 Helen has held a number of senior compliance roles in various domestic and international companies, across funds management, treasury, wholesale funding and listed derivatives. Helen has extensive experience in financial services licensing, developing and implementing compliance frameworks, and working with management and boards to establish monitoring and reporting guidelines and procedures. Helen’s qualifications include a Bachelor of Economics from the University of Queensland and a Master of Laws and Management from the University of NSW. She is also a Fellow of the Financial Services Institute of Australasia.
Financial Controller
Kevin has 20 years’ experience in property and finance and is the Head of Finance for the Balmain Group. Prior to joining Balmain in February 2009, Kevin was the Financial Controller for DEXUS Property Group. Prior to DEXUS Kevin was General Manager of Finance at Voyagers (a subsidiary of General Property Trust “GPT”) and the Balmoral Group. Kevin holds a Master of Commence from Macquarie University, a Graduate Diploma in Finance and Investments from Finsia, and is a Fellow of the Institute of Chartered Accountant and the Tax Institute.
Head of Sales - Origination
Tom joined Balmain in 2005 after having spent his entire working life in financial sales both internationally and nationally.
As head of credit sales at Balmain Tom sees opportunity in “keeping in touch” with both client and prospective borrower clients.
Tom has access to and knowledge of all the available Balmain financing solutions and is ASIC Regulatory Statement 146 (RG 146) compliant.
Head of Information Technology
Vikas joined Balmain in July 2005 as the Head of Information Technology. He has over 13 years’ experience in the Information Technology industry. Vikas has extensive experience in project management, IT infrastructure, Database Administration, Systems Engineering and Web and Application Development. Vikas was responsible for the development of all of Balmain’s proprietary operating systems and has valuable experience managing major mission critical IT systems and projects. Vikas holds a Managers Certificate in ITIL and a Bachelor of Commerce majoring in Computing and Information Systems. He is an active member of the Australian Computer Society.
Head of Marketing
Quince is Group Head of Marketing and is responsible for the positioning and overall look and feel of the Balmain brand. Quinces role is to understand, respect, nurture and grow the brand internally and externally via all media and communication channels both traditional and non-traditional. Quince manages the Balmain Marketing & Graphic team that service the entire Balmain Group marketing and communication requirements.
Quince has been responsible for providing leading edge print and digital design and marketing for over 35 years across financial services, property development, tourism, human resources, rural, energy, liquor, manufacturing, entertainment and education industries in both the private and government sectors. He has worked closely with Balmain since its inception over 30 years ago.
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Snapshot as at 22 February 2012
Balmain Base Rates are our indicative base rates for commercial property lending. A lending margin is added to these rates depending on the nature and term of the transaction.
Unit Price as at 13 February 2012
Unit prices are generally calculated daily by the Investment Manager based on information obtained from third parties. The Investment Manager does not accept liability for the accuracy of the information provided by third parties. When a new price is calculated it will be updated on the website the next day.