Powered by MOMENTUM MEDIA
subscribe to our newsletter
Non-bank founder passes

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

A big four bank has announced that it will cease accepting new SMSF commercial applications unless customers meet new criteria and that it w...

The Federal Court of Australia has for the first time been given jurisdiction over corporate crime and a $35 million funding boost to suppor...

The prudential regulator has released its revised standard on credit risk management requirements for ADIs, which has undergone no major rev...

FROM THE WEB
podcast

LATEST PODCAST: Changes at the lenders continue

Do you think the banking royal commission recommendations could negatively impact competition in the mortgage market?