AMAL Asset Management (AMAL) was established in 1994 and is the region’s only integrated provider of Loan Servicing, Corporate Trust and Agency Services with over $A16n of funds under administration and supervision in Australia and New Zealand. Clients range from the smallest start-up to some of the region and the world’s largest financial institutions.
Balmain owns a 89.75% stake in AMAL which is the loan servicer of $10bn of mortgage receivables across 10,000 customers. AMAL provides primary and back-up mortgage administration to 100+ bank and non-bank lenders in respect of over 3 million receivables.
AMAL has been rated as a “Strong” Servicer by Standard & Poor’s (the highest available rating) since 2005 and has held accreditation with SAI Global Quality Management Systems (ISO 9001:2008) for the last 17 years. AMAL also manages significant trade receivables, equipment leasing & finance and consumer portfolio loans.
AMAL Trustees, in which AMAL holds a majority stake, has over $10bn of funds under supervision and offers a complete suite of Trustee services including fund administration, responsible entity, fund accounting, trust management and portfolio optimization services.
Since 2011, Metro has been working with trusted brokers to deliver reliable and competitive vehicle and equipment loans to hard working Australians. In that time, we’ve financed over $4bn in loans and helped over 50,000 customers.
Starting with loans to business we’ve built on our commercial experience to now offer consumer vehicle loans and novated leases. Metro is wholly Australian owned and independent, backed by shareholder equity and Australian institutional funding, giving brokers and their clients an alternative to traditional bank funding.
Balmain holds a 50% stake in Metro.
In respect of boats, bikes, motorbikes, recreational vehicles and caravans to name but a few, there are over 3,000 manufacturers, 2,000 distributors, 12,000 dealers and 10,000,000 users of retail, non-auto equipment. This $300bn ‘channel’ is fragmented.
MitchCap provides the funding and the technology that connects this fragmented channel. Funding floorplans and connecting market participants through MitchMarket.
Balmain is a significant shareholder in this dynamic new business which has grown over 300% in the last two years.
Balmain is a cornerstone investor in the MA Marina Fund which owns d'Albora Marinas, Australia’s largest premium marina and hospitality network, offering 10 prime marina locations, each designed around exceptional care for vessels and first-class experiences.
Balmain continues to play an active role in the day-to-day operations and in shaping the strategic direction of d'Albora as an appointed manager and member of the MA Marina Fund Investor Committee
d’Albora’s extensive end-to-end marine and hospitality services are carefully designed to create effortless boating lifestyles for its members.
Wave Money is a leading Australian non-bank lender established to deliver residential mortgage solutions and exceptional service exclusively via brokers to an increasing pool of borrowers whose needs are not being met by traditional bank and non-bank lending institutions. We understand that all borrower’s loan requirements, credit history and employment situations are different, and brokers need to have a close working relationship with their lender partners to get their customer’s needs met.
Balmain is a significant shareholder in WaveMoney.
Balmain’s wholly owned subsidiary, Balmain Fund Administration Limited, holds an Australian Financial Services Licence (No. 333213) issued in September 2009. Balmain is authorised to provide general financial product advice and is the Responsible Entity of the registered retail managed investment schemes, the Balmain Discrete Mortgage Income Trusts (ARSN 155 909 176) (BDMIT) and the Balmain 60-Day Notice Income Trust (ARSN 646 291 125) (B60NIT). As a Responsible Entity it currently has funds under management in excess of $1.2 billion.
Balmain’s wholly owned subsidiary, Balmain Fund Management Pty Ltd is the holder of an Australian Credit Licence (No. 391865) issued in March 2011. It is the contracted Investment Manager of BDMIT and B60NIT.
Balmain’s wholly owned subsidiary, Balmain NB Commercial Mortgages Ltd is the holder of an Australian Credit Licence (No. 390689) issued in March 2011. It is a credit intermediary, providing commercial and residential credit solutions to the value of $4 billion per annum to both commercial and retail clients.