Brokerage and financial advisory firm Catalyst Advisers has appointed a former NAB associate to lead its commercial financing business in Australia.
Neil Kumar, a former associate director for client coverage (property) at National Australia Bank, has joined mortgage broking business Catalyst Advisers (formerly Resource Financial Group) to bring “institutional real estate capital experience” to the growing team.
The business, which launched a new institutional and commercial debt advisory business last week, hopes that the new appointment will “better service a growing demand among institutional-grade clients requiring client-side debt advisory” in a changing lending landscape.
In his new role, Mr Kumar will help deliver a full suite of domestic and offshore funding sources to developers and investors. He aims to help the third-party channel better compete in the middle market ($30 million plus) and institutional levels ($50 million plus), an area currently dominated by direct-to-bank relationships.
Speaking of the appointment, Catalyst’s group managing director, Adrian Lee, said: “We are seeing strong demand from our investor and development clients for access to additional funding options as traditional funding options become more scarce or difficult to obtain.
“Neil’s expertise will enable us to match clients to innovative and appropriate funding sources, thereby allowing them to continue their growth. His extensive experience in commercial property and debt will be an asset to the team as we deliver on our promise to [provide] a comprehensive range of services to our clients throughout the investment continuum.”
Mr Kumar holds a BA in Management and is currently completing his Masters in Real Estate Investment at UTS.
Catalyst is a holistic financial services provider operating across three entities: Catalyst Advisers (mortgage broking), Catalyst Debt Capital (institutional/commercial debt advisory) and Catalyst Advice (financial planning and investment management).
[Related: NAB brings on ‘home lending specialists’]
The major brokerage has chosen MyCRM as its broker platform, but ...
ASIC will require debt management firms to hold a credit licence...
A member-owned bank has announced that it has appointed a new CEO...