With the year coming to a close we are delighted to announce that 2017 was once again a record-breaking year at La Trobe Financial, with all previous origination records surpassed and a number of key industry awards won, such as MPA Magazines “Best Non-Bank Lender” award as voted by you, our most valued business partners. This year we achieved Gold Medals for BDM Support, Product Range and Credit Policy. We are sincerely grateful for your custom, and allowing us to work with you to make a difference to your clients.
To top the year off, La Trobe Financial is delighted to announce a strategic partnership with The Blackstone Group (Blackstone), one of the world’s leading asset management firms with over AUD$521 billion under management globally.
This partnership aims to accelerate La Trobe Financial’s recent strong growth in the Australian credit markets, focusing on servicing small to medium enterprises (SME) and business borrowers who are finding it increasingly difficult to obtain credit from the traditional bank sources.
This partnership will add to La Trobe Financial’s great financial strength and provide access to Blackstone’s global networks and management expertise, a combination that is sure to see further innovation and enhancement of our awarding-winning loan products and services, allowing La Trobe Financial to continue to develop its leading position in the specialist credit market segments.
Greg O’Neill, President & CEO of La Trobe Financial commented:
“The opportunity to partner with Blackstone was the perfect fit for our staff, business and customers. The specialist credit space is experiencing a defining period of change and growth around the world right now and it is critical that we continue to build on our strong capital position, expand our networks and draw on global best practice. Blackstone is an outstanding counterparty for our business and we are delighted to partner with them. We look forward to working closely with them over the coming years to expand and substantially grow our retail and institutional investment programs and our specialist lending offerings. At a personal level, our executive team look forward to working with Blackstone to maximise the benefits and synergies for all La Trobe Financial customers.”
Malcom Jackson, Managing Director – Tactical Opportunities, Blackstone stated:
“‘Blackstone is pleased to partner with La Trobe Financial at such a pivotal moment in their growth and development. The calibre of the La Trobe management team, combined with their high quality loan origination and underwriting, both in the residential and commercial markets, and a strategy that is focused on realising growth opportunities at this important time in the cycle, means we look forward to a strong and productive partnership.”
How will the partnership impact our business partners?
There will be no impact to our business partners as a result of the partnership. For La Trobe Financial it will be business as usual.
Our lending and credit teams remain in place and will continue to execute the same personalised loan assessment strategy that has delivered outstanding results for 65 years. All of our existing product offerings will remain in place and we will continue to innovate and look for new offerings and innovations in order to continue delivering strong outcomes for our borrowers and broking partners.
Most importantly, our commitment to friendly, personal service will not diminish in the slightest. At the heart of our organisational values lies the fundamental principle that “The sun never sets on superior service.” As we have always done, we will continue to measure ourselves by this standard and will continue to look for new and improved ways that we can deliver this service to our customers.
Looking ahead into 2018
With 2018 just around the corner, we are expecting that the New Year will be even bigger and better. We have so many great plans. We will be releasing new products, enhancing our existing product range, launching a new television campaign and expanding both our credit and sales teams to further improve our reputation as the “broker’s choice” of preferred lender.
On this note, on behalf of the Board, management and staff of La Trobe Financial, we wish you and your loved ones a very happy Christmas and a safe and prosperous 2018.
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