The lender recently hit $1 billion in loans
First Mortgage Managers (FMM), manager of First Mortgage Trust (FMT), has announced the appointment of Paul Bendall (pictured) as its new CEO.
Bendall joined First Mortgage Trust as general manager in August 2020, and will take over from current CEO Tony Kinzett on September 03. FMM chair Michael Smith said he was “delighted” to announce the appointment, and noted that Bendall had been working closely with current CEO Tony Kinzett over the last 12 months, and has a “strong understanding of the business, and shares its vision and goals for the future of FMT.”
Commenting on his new role, Bendell said that FMT’s strategy would be focused on staff development, client outcomes and business growth.
Read more: First Mortgage Trust hits $1bn in funds under management
“I am looking forward to taking up the opportunity to take over the reins of First Mortgage Trust. I truly believe this is a special company,” Bendall said.
“Over the past 12 months in my position of GM, I have been impressed with the entire FMT team’s focus on our clients. Clients are the heart of our business and that will never change, it’s part of the FMT culture. Our culture and values are what sets us apart as a company, it is not what we do as such, but how we do it.
“Our people are passionate, take personal responsibility and always do what’s right.”
“Over the next 12 months we will be working to ensure we continually build on our processes, and also ensure we continue to grow and develop our staff.”
FMT recently surpassed $1 billion in loans, and currently has over $1 billion in funds under management. Bendall said that FMT will be looking at how it interacts with its investors post-COVID, and said he is “excited to lead the business into the future.”
Read more: First Mortgage Trust acquired by private equity firm
“We will also be focused on ensuring we continue to grow as a business, while still providing exceptional service and outcomes for our clients both in the lending and investment areas,” Bendall said.
“We are also looking forward to reinstating our investor meetings once COVID-19 is better managed and it’s safe to reschedule them.
“I’m really excited for the future, the company is in a great position today, and we have built a solid foundation for the next 25 years.”
