Industry veteran to lead loan origination for non-bank property lender
Real estate non-bank lender and investment manager Centuria Bass Credit has appointed David Stone (pictured above) as origination managing director, effective April 28.
Stone, who will be based in Centuria Bass’ Sydney office, brings extensive experience in mid-market property lending. He has held senior roles at CBA, St George, and ING, along with executive positions at private lenders. Most recently, he served as head of capital at real estate development and construction group Bathla.
With a strong background in managing loan portfolios of up to $1 billion across various property sectors, Stone is also known for his broad network of connections among family offices and high-net-worth individuals. In his new role, he will lead loan origination efforts across Centuria Bass’ growing operations.
The appointment follows Centuria Bass’ promotion of former Wallabies vice captain David Giffin to deputy chief executive and co-head of lending earlier this year. Giffin is responsible for overseeing private lending origination and loan management across Australia and New Zealand. Stone will report directly to Giffin.
“We are proud to welcome David to the Centuria Bass fold as the company continues to expand its market share within the private real estate lending sector,” Giffin said. “David’s mid-market background marries well with the growing need for finance in this sector, especially among developers who face burgeoning demand for new homes and real estate infrastructure.”
Centuria Bass has been experiencing rapid growth, with assets under management (AUM) increasing by more than 46% in 2024 to exceed $2 billion. As of December 2024, the firm’s AUM stood at $2.3 billion, reflecting a 21% rise over six months. Established in 2016, Centuria Bass has delivered strong returns to wholesale investors through secured private credit loans.
Want to be regularly updated with mortgage news and features? Get exclusive interviews, breaking news, and industry events in your inbox – subscribe to our FREE daily newsletter. You can also follow us on Facebook, X (formerly Twitter), and LinkedIn.
