HLB Mann Judd Sydney has established a new debt advisory business through a joint venture, with James Macfarlane, who was at St.George Bank for 12 years, in charge of developing and growing banking distribution and client-facing teams.
The new division will provide debt-financing advice for individual clients’ personal banking needs, as well as advice on funding commercial transactions for corporate clients.
Managing partner at HLB Mann Judd Sydney, Tony Fittler, said the new division was established on the back of demand for independent, specialist advice on debt structures in its client base and beyond.
“James’ considerable experience in banking, finance and debt growth solutions for individuals and businesses complements the existing services in accounting, advisory and wealth provided by HLB Mann Judd Sydney,” Mr Fittler said.
“James is a highly skilled, relationship-focused professional who has led banking and finance teams in the commercial, corporate, property and leverage markets to provide consistently strong results over a long period.
“His proven ability to support and nurture business clients’ growth ambitions and goals makes him a good fit for HLB Mann Judd Sydney,” he added.
Mr Macfarlane noted the marketplace is becoming increasingly populated with financing options for corporate clients.
“There are many new lenders in the market, in addition to the big four banks, that can provide very competitive loan products. This is especially the case more recently with the tighter lending restrictions banks have imposed on borrowers,” he said.