La Trobe Financial has been named Australia’s Non-Bank Lender of the Year in Money magazine’s 2020 Consumer Finance Awards.
“We are delighted to be recognised as Non-Bank Lender of the Year, especially during the past six months of market volatility. We are committed to providing financial solutions for under-served customers and have been doing this since 1952,” said Cory Bannister, La Trobe’s chief lending officer.
“We believe that today, more than ever, the non-bank sector plays an important role in supporting the financial needs of Australians. With this in mind, we remain focused on innovating a number of key finance products to meet gaps in the market.”
In selecting a winner, judges considered each group’s product range, business strength, ability to raise lending capital, innovation, corporate transparency, loan quality and customer depth.
Industry veteran and La Trobe Financial’s deputy chief lending officer David Bleakley also warmly welcomed the “important recognition”.
“With $11 billion in assets under management, we are truly focused on making a difference in people’s lives by helping them achieve financial security,” he said.
“We have a strong and dedicated management team and this recognition is a testament to their hard work.”
La Trobe Financial operates Australia's largest retail Credit Fund with $5bn in assets under management and 45,000 retail investors.
It is 80% owned by Blackstone, the world’s largest alternative asset manager, with more than US$538 billion of assets under management worldwide.