A mortgage veteran has joined his former Pepper colleagues Patrick Tuttle and David Holmes at SME lender Little Lease Company.
Andrew Paterson, who was head of credit at non-bank lender Pepper for close to six years, will now serve as GM for lending & operations at Little Lease Company (LLC), which was acquired by a group of investors including former Pepper Group CEO Patrick Tuttle and Pepper veteran David Holmes.
In a career spanning more than 30 years, Mr Paterson has held senior roles with Genworth Financial, RAMS Home Loans, ING Direct and St George Bank, managing and overseeing various functions including loan originations, credit, servicing operations, customer service, and legal and compliance.
The new GM will be based at LLC’s head office in Sydney, with primary responsibility for overseeing all aspects of the company’s asset-backed lending and loan servicing operations.
“Joining Little Lease gives me a unique opportunity to implement a range of exciting initiatives which leverage my vast commercial experience across both the bank and non-bank sectors,” Mr Paterson said.
“We have a great team, keen to take the business to the next level. It’s also nice to be back working with Patrick and David once again. Together, we have a strong track record which exemplifies our complementary expertise and skill sets.”
LLC director Patrick Tuttle said that the team is repositioning LLC as Australia’s go-to provider of small and micro-ticket asset-backed finance to small and medium enterprises.
“Andrew is a highly experienced financial service executive who will enable us to accelerate the implementation of industry-leading credit, origination, customer service, and loan servicing processes and procedures,” Mr Tuttle said. “His attention to detail, calm demeanor and decades of experience in senior consumer and commercial finance roles make him a standout candidate.”
Meanwhile, LLC director and Pepper alumni David Holmes, who worked with Mr Paterson for more than five years, said that he considers him to be one of the finest lending and operations executives currently working in the Australian marketplace.
Mr Holmes said: “We are fortunate to have him on board, and I’m confident he will have an immediate impact on the Little Lease business, particularly our product offering and service proposition to small business customers.”