Non-bank lender announces interstate expansion

by Julia Corderoy19 Mar 2015
Commercial non-bank lender Thinktank has announced the opening of a Melbourne division, marking the company’s first interstate expansion outside its head office in Sydney.

The move to establish a Victorian presence is a direct response to increasing commercial property activity and enquiry from the broker channel, in conjunction with the development of stronger associations with the major commercial brokers and aggregation groups in the state.

The new state office will be headed by ex-Bankwest manager Tony Zaccari. Zaccari has more than 20 years’ experience in financial services, with the last nine spent at Bankwest as a senior manager in business and commercial banking in the broker and acquisition team.

Thinktank’s head of sales and distribution Peter Vala said the expansion marks a major milestone for the non-bank lender. 

“It is genuinely exciting to see the tremendous growth in the company and to now have a team on the ground in Victoria where there is so much potential. It allows us to build on the great relationships we have by looking after them on a more permanent basis,” he said.