Pallas Capital has announced new appointments to its Distribution team. Brad Gowenlock and Esther Fang have each been welcomed as Partner – Distribution, based out of the Sydney and Melbourne offices respectively.
As part of their roles, Brad and Esther will be instrumental in servicing high net worth investors, family offices and institutional investors in Australia and the wider Asia Pacific region.
Prior to joining the Pallas Capital team in Sydney, Brad spent 30 years working in money markets across Sydney, Tokyo and Singapore, and most recently as Head of Rates of Tullett Prebon Australia. Brad has held several roles within the finance sector, including senior positions at BGC and the GFI Group.
“I was introduced to the non-bank lending space by both Mark Spring and Craig Bannister, whom I’ve known for over 25 years, along with our Executive Chairman Patrick Keenan. Pallas Capital displays an exceptional level of professionalism and service towards its clients, making sure they have a seamless investment experience. The decision to join the team was an easy one for me,” says Brad Gowenlock, Partner – Distribution, Pallas Capital.
He adds, “I look forward to learning from the experts that surround me here in the distribution team, as well as our originations and credit teams. Their in-depth knowledge, and willingness to help is something I have been impressed with early on, and expect to work closely with them moving forward.”
Esther Fang has extensive expertise working in fund management across Asia Pacific and an educational background in both finance and law. Based in Melbourne, Esther is fluent in both English and Mandarin, fully RG146 compliant with ASIC, a Certified FRM-Financial Risk Manager and a Level 3 Chartered Financial Analyst (CFA) candidate, having recently been awarded a CFA Women’s Scholarship.
“Pallas Capital has grown over the years to become one of the leading lenders in the industry, not just in Australia but also internationally. When the opportunity presented itself, I was excited to join the Pallas Capital team. In this role, I look forward to supporting Pallas Capital’s growth, especially by strengthening its ties with UHNW families in Asia who would be delighted to become valuable investors,” says Esther Fang, Partner – Distribution, Pallas Capital.
“With the non-bank lending space forecast to grow from $18 billion in 2020 to $56 billion in 2025 (CAGR of 25%), Pallas Capital is hiring across all aspects of the business to meet the rising demand that we are seeing in the marketplace. In the two-year period from January 2020 to the present day, Pallas Group’s headcount has grown by almost 300% to service this demand. Whilst we remain focused on building our HNW client business, this year will see a greater focus on growing our market share in the Wealth Planning and Institutional space,” says Mark Spring, Executive Director, Pallas Capital.
Pallas Capital is one of the fastest growing structured property investment arrangers in Australia, offering brokers and developers lending solutions that are tailored to their needs. It offers borrowers five core loan types that includes acquisition, construction, residual stock and vacant land loans, along with the flexibility to negotiate LVRs and level of pre-sales for construction loans.
The business manages funds for loans secured against non-specialised property assets with values between $1 – $50 million in major metropolitan areas. Sophisticated investors are offered investment opportunities providing fixed rate returns ranging from 5.5% p.a. in the Pallas Short Term Fund to 6.75% p.a. (first mortgages) and to 13% p.a. (preference equity). Pallas Capital’s loans are supported by detailed due diligence on the borrower, a realistic and multi-faceted exit strategy, and active management of all loans by the Pallas Capital team throughout the term.
Pallas Capital and developer Fortis form part of Pallas Group, a business that provides specialist investment, lending and development solutions in the boutique property market in Australia.
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