A non-bank lender has appointed a new national relationship manager to help facilitate the growing demand for commercial credit.
Non-bank lender NWC Finance has appointed Matthew Tenace to the role of national relationship manager, accountancy and legal professions, effective immediately.
The credit provider has claimed that the appointment has been made as NWC is seeing “record levels of lending” in the construction and development finance sector.
Commenting on his appointment, Mr Tenace said: “Business owners are more often turning to their accountants and lawyers for advice about how and who will provide short-term commercial funding and management of a loan facility from start to finish.
“I have joined NWC Finance to provide bespoke, expert advice to accountants and lawyers on a project by project basis, without conflicts or the spectre of regulatory problems.”
Mr Tenace joins the lender from St. George Bank, where he served as relationship manager from February 2017 to May 2018.
He also previously served as senior manager, corporate insolvency and business recovery, at consultancy firm Hall Chadwick from March 2016 to February 2017.
Mr Tenace, who is an accredited certified practicing accountant (CPA) and lawyer, added: “With an accounting and legal background, I understand the dynamics in the client/adviser relationship, speak the same language and can quickly identify the often complex issues at hand.”
APRA has given the green light to BNK offloading its mortgage agg...
The weekly round-up of the biggest news stories from across Momen...