Non-bank lender bolsters senior team

by Madison Utley08 Aug 2019

A non-bank lender has announced two senior appointments, recruited to further drive and support its new commercial lending business.

Pepper Money has welcomed Luke Goaley and Jeremy Sibberas to the growing commercial team, which is led by Malcolm Withers.

Pepper’s commercial offering, established less than six months ago, is aimed at the underserved segment of CRE loans for SMEs up to the value of $3m and has been “very well received” by brokers.

Appointed as business development managers, Goaley will serve the New South Wales, Queensland and Western Australia markets, while Sibberas will be responsible for Victoria, Tasmania and South Australia.

 “I’m pleased to report that brokers are embracing Pepper’s commercial solutions for their SME clients as it extends the breadth of their loan offerings and generates new revenue streams,” said head of commercial lending, Malcom Withers.

He added, “It’s vital to have the right people on board. I appreciate the strength of [Goaley and Sibberas’] relationships with brokers and their drive to find the right loan solutions for their clients.”

Goaley spent five years at St.George Bank as a credit analyst and then as a BDM. Prior, he spent six years as a debt restructuring analyst and BDM at Ulster Bank in Ireland.

“I was immediately drawn to the [Pepper] team’s entrepreneurial approach to business and open mindedness in finding solutions for customers,” he said.

Sibberas joined Westpac in 2016 as a corporate and commercial senior BDM and business banking relationship manager. He held a similar position at NAB for five years.

“Post Royal Commission, I’ve increasingly noticed how brokers are becoming closer to their clients and, while the big four banks continue to struggle with the basics like speed to market, I see a real opportunity for Pepper to grow substantially meeting the changing needs of this important third-party segment,” said Sibberas.