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Oak Capital has announced the appointment of Troy Stratton as its new chief investment officer to facilitate the lender’s continued growth plans.
The former deputy CIO of La Trobe Financial joins the non-bank lender with a breadth of knowledge and experience garnered over decades of working in the industry in both the UK and Australia.
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During his tenure with La Trobe Financial, Mr Stratton was part of the team involved in the recent growth of its funds under management (FUM). Before La Trobe, Mr Stratton also held senior positions with HSBC, Barclays and PricewaterhouseCoopers.
Mr Stratton remarked that he is excited to join Oak Capital as a part of its ambitious growth target.
“They have a strong leadership team and a well-known brand in the market. Oak Capital is in such a solid position now as a firm and I’m looking forward to guiding them through the next chapter of growth in the Funds Management side of the business,” Mr Stratton said.
Oak Capital founder and chief executive Stephen Mitchell said: “Troy adds such a weight of experience and professionalism to our firm, I am incredibly excited to have Troy join Oak and its management team at this time.
“We have an array of new products we want to roll out later in 2022 and into 2023 across both elements of the business being lending and funds management.
“Troy’s knowledge and background in funds management ensures he is the right person to steward our investors’ capital moving forward”.
Earlier this year, the non-bank lender appointed CEO of Strata Choice and former managing director at Credit Suisse, Craig Mowll, as a non-executive director for both the Oak Capital Mortgage Fund Limited and Oak Capital Wholesale Fund Pty Ltd.
Mr Mowll has more than 25 years’ experience in financial services, with leadership experience in a broad range of sectors, including banking, funds management, wealth management, and asset management.
“In appointing Craig to our board, we have immediately added an absolute powerhouse of knowledge and experience that will strengthen our company’s position in the market,” Mr Mitchell said at the time.
“We have a very strong growth agenda and Craig will be instrumental in providing critical advice on the execution of that.”
The non-bank lender stated that these appointments are a part of a “controlled yet aggressive” growth target to be achieved over the next few years.
[RELATED: Oak Capital welcomes new board member and adviser]
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