A group of Western Australian entrepreneurs played a significant role in changing the nature of the national home loan market, which as recently as 15 years ago offered consumers little choice in lenders.
Subiaco-based property asset manager Wentworth Mutual Ltd has raised $20 million capital, mainly to reduce borrowings against conditionally secured property purchases that are yet to settle.
Subiaco-based property asset manager Wentworth Mutual Ltd has raised $20 million capital, mainly to reduce borrowings against conditionally secured property purchases that are yet to settle.
Wentworth Mutual Ltd's strategy to expand is gaining momentum with the listed property manager acquiring the property management business of Australian Finance Group Ltd.
Listed property manager Wentworth Mutual is shifting its focus to the east-coast market, moving its head office to Melbourne as managing director and former high flyer Glenn Wheeler takes a non-executive director and consultant role within the company.
THE Note congratulates WA Business News journalist Marsha Jacobs (right), who won the Best Newcomer Prize at the annual WA Media Awards on Saturday night.
