La Trobe Financial

La Trobe Financial
Private Limited
Industry Financial Services, Funds Management
Founded 6 August 1952
Headquarters 333 Collins Street, Melbourne, Australia
Number of locations
 Sydney, Melbourne, Shanghai, Hong Kong (China)
Key people
 Greg O'Neill
(President & CEO)

Rowan Donohoue
(Chief Risk Officer)

Rob Clough
(Chief Financial Officer)

Martin Barry
(Chief Corporate Treasurer)

Chris Andrews
(Chief Investment Officer)

Cory Bannister
(Chief Lending Officer)
Products Real Estate Credit
Fixed Interest
Funds Management
FY2017 A$255 million (FY2016 A$208 million)
AUM A$5.2 billion (As of March 2018)
Number of employees
 287
Divisions Real Estate Credit
Funds Management
Corporate Governance
Finance & IT (Fintech)
Website www.latrobefinancial.com

La Trobe Financial is an independent credit and wealth manager.[1] [2] . La Trobe Financial offers real estate credit, fixed interest investments and funds management. La Trobe Financial is majority owned by Blackstone Group NYC. The President and CEO is Mr. Greg O'Neill. La Trobe Financial's head office is located in Melbourne, with corporate offices in Sydney, Shanghai and Hong Kong.

History

La Trobe Financial formed in 1952 initially operated as a business partnership between Kelvin David O’Mullane and Raymond Kevin O’Neill. Attributed as one of the fastest growing permanent building societies in Victoria in the 1970s. [3]. It was eventually de-mutualised after Ray O’Neill bought out his co-founding business partner.

Operations

The company operates through two core entities: La Trobe Financial Services an unlisted proprietary (private) company, holder of Australian Credit Licence "ACL" 392385 [4], responsible for group administration and asset servicing, third party outsourcing services, custody services and group insurance sales, and wholesale institutional funding mandates. The second core entity is La Trobe Financial Asset Management, an unlisted public company and holder of Australian Financial Services Licence "AFSL" 222213[5], responsible for all retail investments in the La Trobe Australian Credit Fund[6].

Key dates and facts

Since 1952 operating institutional investment mandates of between $100m to $800m. In 2001 was appointed by the Australian Securities and Investments Commission ("ASIC") to take over another national operator.[7]

More than $14 billion has been managed on behalf of institutional and retail investors since the company commenced its operations. Institutional portfolios comprise long term wholesale mandates from all of Australia’s big four banks, most Australian regional banks, international banks and financial institutions without loss of mandated investor capital or interest since inception.

The group's Credit Fund accommodates both retail investors and select wholesale institutional investors; and operates under AFSL (222213) and the Corporations Act. The Credit Fund has over $2.5 billion (30 August 2018) of retail investments.[8]

The company has also received many domestic and international awards. The Credit Fund's 12 Month Term Account has been voted Australia’s Best Mortgage Fund by Money magazine for the last nine consecutive years (2018, 2017, 2016, 2015, 2014, 2013, 2012, 2011, 2010) )[9]

During 2014, 2015, 2016, 2017 and 2018 La Trobe Financial received five International Finance Awards (London based) for Best Investment Management Company - Australia[10], Best Mortgage Fund - Australasia and Best Wealth Management Company and Non Bank Lender of the Year. [11]

Awarded six International Alternate Investment Review (IAIR) Global Funds Management Awards in 2013, 2014, 2015, 2016, 2017 and 2018 presented in Hong Kong for Asset Manager of the Year - Asia Pacific (2017) and Non-Bank Lender Australia (2017).[12]

In 2017, La Trobe Financial won Mortgage Professional Australia's (MPA) Magazine's Non-Bank of the Year.[13]

Winner 2011 Victorian Innovation in Funds Management Award – Awarded at the Melbourne Financial Services Symposium,[14] and an honourable mention in 2015 for innovation with our P2C (Parent-to-child) loan product.

Australia’s only 4 1/4 star-rated mortgage fund – SQM Research[15]

Lipper Leaders rated '5' for 12 Month Term Account Total Return, Consistent Returns and Preservation[16]

Rated "Very Strong" by Australia Ratings for overall "continued focus to prudently manage the Fund and foster its growth and performance to current levels, whilst preserving investor capital."[17]

Chosen in 2015 as one of fifteen (15) firms across Australia by AUSTRADE, the Australian Federal Government trade promotion body to promote Free Trade Agreements across Asia Pacific [18]

Previous chief executives

  • Kelvin David O’Mullane 1952–1972 (20 years)
  • Raymond Kevin O’Neill 1972–1997 (25 years)
  • Gregory Kevin O’Neill 1997- current (20 years)

Previous chairmans

  • Mr Kelvin O'Mullane 1952–1961 (9 years)
  • Mr Donald Cooper OA 1961–1972 (11 years)
  • Mr Pat O'Brien 1972–1980 (8 years)
  • Mr John Barton 1980–1984 (4 years)
  • Mr John Dack DFC 1984–1986 (2 years)
  • Mr Bertram Wilson 1986–1997 (11 years)
  • Mr Raymond O'Neill 1997–2007 (10 years)
  • Mr Perce Cooper 2007–2010 (3 years)
  • Mr David Bird 2010–2016 (7 years)
  • Mr John Marriott 2016- (2 years)

References

  1. ↑ Austrade Free Trade Agreement (FTA) (view video)
  2. ↑ "Contact Us". La Trobe Financial.
  3. ↑ "Governor opens new head office for La Trobe". Traralgon Journal and Record. 3 September 1973.
  4. ↑ "Australian Credit Licence - La Trobe Financial Services Pty Ltd". ASIC. 11 February 2011.
  5. ↑ "Australian Financial Services Licence - La Trobe Financial Asset Management Limited". ASIC. 28 October 2016.
  6. ↑ The Mortgage Funds Australian Registered Scheme Number (ARSN) is 088 178 321 as issued by ASIC
  7. ↑ ASIC "01/156 ASIC obtains court orders appointing temporary responsible entity to mortgage scheme" (view article)
  8. ↑ Annual Report (30 June 2017) "La Trobe Financial Annual Report" (view report)
  9. ↑ "Money magazine's Best of the Best 2018".
  10. ↑ IFM London Award 2015 (view video)
  11. ↑ IFM London Award 2015 (view video)
  12. ↑ IAIR Awards 2017 - Hong Kong (view Awards)
  13. ↑ "Brokers On Non-Banks". MPA Magazine.
  14. ↑ Victorian Innovation in Fund Management Awards 2011 (20 April 2011) "Melbourne Financial Services Symposium" (view award)
  15. ↑ SQM Report "4.25 Star Rating" (view article)
  16. ↑ Lipper LeaderReport "5 Star Rating" (view article)
  17. ↑ Australia Ratings "Strong" rating (view article)
  18. ↑ Austrade Free Trade Agreement (FTA) (view video)
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