Credit and Investment Committee
The Credit and Investment Committee’s roles include:
- establish and manage delegated lending authorities (DA)
- approve all loans that fall outside of the delegated lending authorities
- monitor and report to the Responsible Entity on all credit positions
- manage any default loans
- approve all recovery strategies
It is also responsible for considering the state of the investment, credit and property markets, the economy in general and consider recommendations to change portfolio risk management limits that may be made by the Investment Manager from time to time.
The Credit and Investment Committee also considers the Lending Policy and Procedures Manual annually and will recommend changes to the Investment Manager and the board from time to time.
Michael Holm
Michael is the Chair, founder and a major shareholder in Balmain. Michael is one of the most highly experienced commercial lending executives in Australia, having been personally involved in raising over $7 billion in commercial loans. Michael is a member of Balmain's credit & investment committees, is RG146 compliant and is a responsible manager under BFAL's AFSL.
Andrew Griffin
Andrew joined Balmain in 2005 and is currently Group Chief Executive and a major shareholder in Balmain. Andrew helped guide Balmain's course from loan origination to lender/ manager and has profound experience through all levels of real estate and secured debt management. Andrew is RG146 compliant and a responsible manager under BFAL's AFSL.
Robert Taylor
Rob commenced his career in the financial services industry in 1981 and has worked in a variety of lending and credit and asset management roles with State Bank Victoria, Challenge Bank and Capital Finance Australia. Rob joined Balmain in 1997 to assist in establishing Balmain's Melbourne office in commercial origination and lending. Rob has focused on the credit and asset management components of Balmain's business and is a director and shareholder of the holding company.
Shane Craig
Shane started with Balmain in 2022 with 35 years' experience in the property industry. He has held property finance and construction lending specialist roles with both banks and non-bank lenders including Westpac Institutional Property, Suncorp and Schroders RF. Shane has a high level of experience and knowledge regarding all sectors of the property and development markets having commenced his career as a property valuer and spending his first 15 years undertaking development feasibilities and valuations with international real estate agencies including CBRE. In his previous roles he has had responsibility for funding major projects in QLD, NSW and VIC. Shane is now Co-Head of Credit (and Credit Committee member) and manages portfolios with an aggregate value exceeding $3 billion including a focus on lending risk policies, processes and reporting.