20 years

August 2013 – 20 years

Newsletter

GPS has now recorded over 20 years of successful Mortgage Management in Queensland. Rather than sitting back, we have implemented some significant developments so as to improve the quality of our products and services to lay the foundations for the next 20 years.

Welcome

New Directors, Ben O’Hara and Matt Buckley have joined the Board. Ben has extensive experience in lending, previously holding senior roles at Suncorp, Bank of Queensland and Investec. Matt has had an association with GPS over many years in his former position as the Managing Director of Savill’s Valuers in Brisbane.

New Chief Financial Officer and Compliance Officer

Peter Lynn is a welcome full time edition to the team at GPS. Peter’s career can be roughly divided up as a decade in government departments, a decade of institutional trustee work (State Manager for Perpetual and Manager of Trusts and Investment Accounting at Suncorp) and another decade with a Development Company.

Assistant Accountant

We are currently interviewing for the new position of Assistant Accountant to assist Peter and to strengthen our resources in the accounting and back office area.

Graduates

Due to their being such a small number of licensed operators caused by the attrition rate of other funds in the past few years, GPS has commenced a Graduate Program to train the next generation. Rhiannon Rockett has commenced work and will be assisting Bruce and myself and working in the Funds Management area of the business. Ben Colling will be joining us in August and will be working in the Loan Pipeline and Loan Management department.

Compliance and Credit

In order to strengthen both of these crucial aspects of the business, GPS has set up independent committees. The Credit Committee consists of Ben O’Hara (Chairman), Matt Buckley and Peter Lynn. Ben contributes his knowledge gained through a career lending in the construction and development industry. Matt is a qualified Valuer with an extensive knowledge of GPS lending practices. Peter con-tributes specifically his understanding of feasibilities and his knowledge gained from working with a Development Company.

The Compliance Committee consists of Russell Cole (Chairman), Peter Lynn (Compliance Officer) and Alex Fraser. Russell has been with GPS since we gained our AFSL and has been one of our external Directors. Alex is a partner at Hanrick Curran Accountants and specialises in sitting on Compliance Committees.

Change of Premises and System Upgrade

GPS has recently relocated to a more efficiently arranged office. You will now find us at Level 4, 39 Sherwood Road, Toowong Qld 4066. Our other contact details, including telephone numbers, email addresses and postal address remain un-changed. In the coming weeks, GPS will be upgrading both our hardware and software systems. The roll out of the new systems will result in smoother completion of GPS investment processes and better communication between us and our In-vestors. You can expect to see more accurate, efficient and timely processing of investments as well as improved methods of correspondence.

Overall strategy

GPS has added to our skills base by creating a Board of Directors who has extensive experience in all aspects of the business. It is now a very active, hands on Board via membership of committees therefore taking responsibility for specific aspects of the business. As an example, Matt looks after our valuation policy and panel.

The independent Credit Committee and Compliance Committee will not only add additional depth of experience, but will generate greater transparency.

Training graduates will see the next generation of Mortgage Managers being trained by pioneers of the industry rather than having to adapt from institutional lending backgrounds.

Bruce and I continue to be very proud of what we have achieved at GPS.

If you would like to discuss any aspect of what has been covered above or have any queries, then please contact either of us on 1800 999 109.

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