Balmain Investment Management - Credit Committee

William Davis

Bill commenced his career with National Australia Bank and has over 40 years’ banking, finance and hands on commercial lending experience. Bill has held senior roles at Citibank and the ING group where he was responsible for commercial real estate credit and loan recovery. In 1994 Bill was overseeing commercial loan portfolios of some $815 million represented by circa 1,700 accounts and had a team of 20 people in Sydney, Melbourne and Brisbane. Subsequently Bill also achieved an S&P above average servicer ranking for a private lender. Bill joined Balmain in 2004 as Head of Credit (and Credit Committee member) and currently manages portfolios with an aggregate value exceeding $800 million.

Ray Fazzolari

Ray has over 40 years experience in the finance and property industry. He joined Balmain in 2004 and is Co-Head of Asset Management. Ray is also a member of the Investment Committee of Charter Hall’s $2.5B Office and Retail Property Fund. Prior to joining Balmain, Ray was General Manager of St Hillier’s and before that, was employed at Leda Holdings for 15 years, including 7 years as Managing Director. Prior to Leda, Ray was the General Manager Commercial Finance - Real Estate with Citibank.

Michael Holm

Michael is the founder, major shareholder, and Executive Chairman of Balmain NB Corporation Limited. Michael established Balmain in 1979 after working for the Australian Guarantee Corporation for 2 years. Michael is one of the most highly experienced commercial lending executives in Australia, having been personally involved in raising over $5 billion in commercial loans. He is the Chairman of Balmain Fund Administration Limited, and a Director of the following; AMAL Asset Management Limited; Balmain Aqua Pty Limited; and Balmain Trilogy Investment Management Pty Limited. Michael is RG146 compliant and a responsible manager under Balmain’s AFSL licence.

The board of the manager will appoint an appropriate person to the credit committee.