In a little over three years, AMAL Trustees has made significant inroads into its target markets of securitisation, agency and fund services.
We now act for over 60 clients on more than 120 transactions with roles including trustee, security trustee, trust manager and facility agent. As at June 30, total funds under supervision stood at over $A5 billion.
The three principals of the business; Nick Procter, Tony Grant and Phil Joseph have been excited by the progress so far.
Nick Procter says, “We have seen strong growth across the business broadly. In areas such as securitisation we have very clear points of difference, such as an ability to assist clients with technical and structuring support, assistance in the funding market and forecasting and cashflow modelling. Our ability to go well beyond traditional trustee services is what sets us apart.”
Another key differentiator is being part of the AMAL Group, which allows clients access to an integrated suite of loan servicing, corporate trust and agency services, something no other participant in the market can offer.
AMAL Group CEO, Kent McPhee, says, “It is an exciting time for the group with both the loan servicing and trustees business benefitting from the growth of the non-banks and healthy capital markets and funds environment. Having started the trustee business in 2016 we now have a healthy footprint in all of our target markets and our value-add approach has been well recognised by clients. The business is very well placed to continue to take advantage of new entrants and market conditions.”
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