Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter

Non-bank founder passes

The board of directors and employees of an ASX-listed lender have noted with great sadness the passing over the weekend of their chairman.

Mr Timothy Holmes was a founding director of Homeloans Ltd.

Mr Holmes and fellow industry entrepreneur Rob Salmon established International Financing & Investment Pty Ltd, and then IF&I Securities Pty Ltd in 1990, which became the predecessor to Homeloans Ltd.

Advertisement
Advertisement

Homeloans Ltd listed on the Australian Stock Exchange on 19 March 2001.

Mr Holmes had been Chairman of Homeloans since 2003.

"Tim Holmes was a giant in the mortgage industry” Rob Salmon said.

“He had a true passion for the business, was a great communicator and an inspiration to so many people who have worked in our company over the past 30 years,” he said.

Mr Holmes is survived by his wife Carol, his three daughters Joanna, Tiffany, Lucy and their families, including five grandchildren and his sister, Penny.

A non-executive director of the company, Robert Scott, has been appointed chairman of Homeloans Limited.

Non-bank founder passes
mortgagebusiness

Latest News

Residential property prices are set to exceed their 2017 peak in the coming months, but conservatism from mortgage-holders would likely stun...

The level of refinancing activity has dipped across both the owner-occupied and investor segments of the mortgage market, according to the l...

The neobank has closed a Series C equity funding round, reportedly surpassing its target by $10 million. ...

FROM THE WEB
podcast

LATEST PODCAST: New government loans and grants for SMEs

Do you think Australia will move to quantitative easing this year?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.