Scottish Pacific gears up for more growth
Announcement posted by Cicero Communications 21 Nov 2013
AUSTRALIA'S leading specialist provider of working capital solutions, Scottish Pacific, has boosted its senior management ranks on the back of strong growth and ambitious plans for further growth in Australia, New Zealand and China.
Scottish Pacific CEO, Peter Langham, said the acquisition of the business by Next Capital in July was founded on significant growth achieved over the past three years, along with plans to expand the business further, both organically and through the introduction of new products and partnerships.
Mr Langham today announced a new executive structure incorporating internal and external appointments to support these plans.
"Debtor finance continues to play a significant role in funding Australian SMEs, with $63.3 billion in invoices financed during the financial year to 30 June 2013. Whilst growth in the industry as a whole has been flat over the past 12 months, in the same period Scottish Pacific has grown by 18%," Mr Langham said.
"SMEs are the backbone of Australian business, and with access to working capital having tightened in the post-GFC period, as the reported new regulatory framework around Basel III takes shape, there is a huge opportunity for us to provide more SMEs with a range of solutions including debtor finance, trade finance and supply chain finance," he said.
"Delivering our strategy requires an investment in people, and we are delighted to announce two new positions: Head of Debtor Finance and Head of Marketing and Product Development. These roles will be taken by incumbent NSW and Queensland State General Managers Chris Hedge and Wayne Smith respectively."
Scottish Pacific's newly appointed State General Managers are:
· Duncan Russell (Melbourne), formerly State Corporate Director at Bankwest. Duncan replaces Tim Le Roy, who has left Scottish Pacific after 12 successful years, to travel.
· Justin Doczy (Sydney). Justin has been a very successful business development manager with Scottish Pacific over the past six years.
· Paul Tonges (Brisbane). Paul has more than 20 years' debtor finance experience with AGC, NAB and CBA.
In the past 18 months, Scottish Pacific has bolstered its senior management with Craig Michie appointed as Head of Trade Finance. Michie has overseen the acquisition of the newly named Scottish Pacific Tradeline which, with an office in China, gives small to medium enterprises access to flexible funding options for a range of import finance transactions. Michie has also introduced Scottish Pacific’s supply chain finance product.
Scottish Pacific has been operating in Australia and New Zealand for 25 years and provides a range of working capital facilities to enterprises from start up to $300m turnover.
About Scottish Pacific
Scottish Pacific Debtor Finance Pty Ltd provides working capital solutions to SMEs, offering the broadest range of trade and debtor finance
solutions in Australasia. Established in 1988, Scottish Pacific has full operations centres in Sydney, Melbourne, Perth, Brisbane, Auckland
and China.
Follow Scottish Pacific on Twitter - @ScottishPacific
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