20th August 2008
LA TROBE - A BRIEF HISTORY
La Trobe was established on 3 August 1952 following registration as a specialist lending company at the Corporate Affairs Office in Melbourne, Victoria. It is a wholly Australian owned, operated and founded company.
Our name 'La Trobe' is derived from the name of the first Victorian Governor, Charles Joseph La Trobe, who is recognised for his fair dealings and decisive leadership and vision.
In our first twenty (20) years of operation (1952-1972) we dealt primarily with loans funded from the Australian Federal Government national grant scheme (Home Purchase Assistance Scheme) in which all loans were to assist low income earners and were government guaranteed against loss.
In 1968 La Trobe formed a Permanent Building Society which was later merged with the Hotham Building Society and was subsequently acquired by Westpac in 1975.
The next twenty (20) years of operation (1975-1995) saw the Group continue to expand from a state based lender to a national lender. A number of major funding and product initiatives were undertaken including the Group’s major break through in September 1984 when our first 100% private mortgage insured funding Facility was approved as a non-government source of wholesale finance to 95% of valuation. This facility was independent of our traditional Government funding channels. This set the foundations for our future role as a professional independent mortgage servicing operation and funds manager.
In 1986 as a result of our efforts, we received a National Award presented by the then Prime Minister R.J. Hawke for 'innovation in housing finance'.
La Trobe's continued growth and development of industry leading products has led to our development as a well seasoned and regulated mortgage servicing organisation.
In 1997 La Trobe sought and obtained a Securities Dealers Licence from the Australian Securities & Investments Commission (ASIC) to permit the commencement of our retail boutique Funds Management Division to complement our range of servicing operations and institutional fund raising activities. In 2001, our Securities Dealers Licence was transformed into an Australian Financial Services Licence, which it continues to hold.
LA TROBE TODAY
La Trobe today is a diverse financial services group, encompassing private mortgage banking operations, funds management, mortgage servicing administration and limited advisory consulting on a contract basis to other industry participants. It is one of the largest privately held unlisted financial services groups in Australia, with total assets held and under management at the end of June 2008 exceeding $1.6 billion, employing over one hundred and twenty (120) professional staff and having served over 9,500 customers for both mortgages and investments.
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Head of Funds Management
t +61 3 8610 2811
Chris Andrews is the Head of Funds Management for the La Trobe Group and has responsibility for the La Trobe Australian Mortgage Fund.
Read full profile here.
La Trobe is one of Australia's leading independent specialist mortgage Financiers. Its business includes residential mortgages, commercial mortgages, and investment services operating one of Australia's largest Mortgage Funds under AFSL 222213. It employs over 115 staff and has raised over AUD$10Billion to assist over 100,000 customers since inception in 1952.
Copyright 2010 La Trobe Financial. All rights reserved. No portion of this may be reproduced, copied, or in any way reused without written permission from La Trobe Financial. Disclaimer