Login
ISCOVER
One of Australia’s largest debtor finance companies is putting weight behind its ambitious growth plans by appointing several senior managers.
Scottish Pacific has boosted its senior management ranks on the back of strong growth, with aggressive plans for expansion in Australia, New Zealand and China.
To continue reading the rest of this article, please log in.
Looking for more benefits? Become a Premium Member.
Create free account to get unlimited news articles and more!
Looking for more benefits? Become a Premium Member.
Scottish Pacific's newly-appointed state general managers include Duncan Russell from Melbourne. Mr Russell was formerly state corporate director at Bankwest. He replaces Tim Le Roy, who has left Scottish Pacific after 12 successful years, to travel.
Also on board are Justin Doczy from Sydney, who has been a very successful business development manager with Scottish Pacific for the past six years and Paul Tonges from Brisbane, who has more than 20 years' debtor finance experience with AGC, NAB and CBA.
After being acquired by Next Capital in July 2013, Scottish Pacific experienced significant growth, according to CEO Peter Langham.
The company now plans to expand further, both organically and through the introduction of new products and partnerships.
"Debtor finance continues to play a significant role in funding Australian [small to medium-sized businesses (SMEs)], with $63.3 billion in invoices financed during the financial year to 30 June 2013. Whilst growth in the industry as a whole has been flat over the past 12 months, in the same period Scottish Pacific has grown by 18 per cent," Mr Langham said.
"SMEs are the backbone of Australian business, and with access to working capital having tightened in the post-GFC period, as the reported new regulatory framework around Basel III takes shape, there is a huge opportunity for us to provide more SMEs with a range of solutions, including debtor finance, trade finance and supply chain finance.
"Delivering our strategy requires an investment in people, and we are delighted to announce two new positions: head of debtor finance and head of marketing and product development. These roles will be taken by incumbent NSW and Queensland state general managers Chris Hedge and Wayne Smith respectively."
