Non-bank bags award for seventh consecutive year

by Madison Utley05 Apr 2019

Australia’s oldest operating non-bank has been given finance industry awards for both its wealth management performance, as well as for the operations and returns to investors in its retail credit fund.

La Trobe Financial, a non-bank with $7.4bn in assets under management (AUM), provides funding and investment solutions to 140,000 customers.

The International Alternative Investment Review (IAIR) Awards, held in Hong Kong last Friday, aim to award “excellence and world best practices in funds management and banking.”

The winners were selected by an independent judging panel from a short list of nominees generated by more than 50,000 investors from over 120 countries.

The company was given the ‘Wealth Management Company of the Year – Asia Pacific’ award due to the strong returns and significant growth evidenced by the La Trobe Australian Credit Fund over the last twelve months for both institutional and retail investors. The fund showed a 50.3% growth rate year-on-year and now has over $3.2bn in AUM and 35,000 member investors.

“We are delighted to again have been nominated and rated best in class by the IAIR international judging panel for the seventh year in a row,” said chief investment officer Chris Andrews.

“Above all else, these awards are a confirmation of our track record of delivering differentiated real value for retail and global institutional investors through a transparent and time-tested approach.”

The company received the ‘2019 Credit Specialist of the Year – Asia Pacific’ award for its operations and utilisation of both conventional lending and peer-to-peer (P2P) lending and funding channels.

Chief lending officer and VP Cory Bannister said, “We have realised that in order to build ongoing and lasting relationships with clients, you need to provide flexible tech-driven solutions when they need it.

“This is why we [deliver] flexibility and access to products that the major banks generally cannot provide. We remain good stewards of other people’s capital and this enables us to obtain and maintain the trust of our clients – this is the real asset of the firm.”

La Trobe has taken steps to further its Asian Pacific presence with offices now in Melbourne, Sydney, Hong Kong and Shanghai.