Since the inception of securitisation in Australia, Perpetual has been providing a wide range of trustee and support services to issuers.
As a recognised leader of the Australian securitisation market, Perpetual plays a prominent role in growing the industry and managing regulatory change. We are entrusted by Australia’s leading financial institutions to administer their securitisation portfolios and ensure that the interests of investors are protected.
Scale and Strength
Breadth of expertise
Our trustee and security trustee services include all operations involved with the establishment and ongoing compliance obligations of the trust.
Tailored trust administration services as well as the building of RBA compliant models including VBA cash flow waterfall development and Weighted Average Life (WAL) calculations.
Document security and ease of administration is crucial. We safeguard more than 500,000 security packets in secure vaults in Sydney and Melbourne – and manage the movement of around 17,000 packets each month (monthly average in 2014).
Access our Client Document Custody Portal.
Our comprehensive standby servicing platform is built on a real readiness to step in. This includes a detailed Standby Servicing Plan, initial capability assessment and scenario analysis and ongoing site visits and assessment.
We provide RBA and investor reporting via ABSPerpetual, as well as 3rd party aggregated data services. More information can be found at http://www.absperpetual.com.
Issuing & Paying Agent
As issuing and paying agent we maintain bank accounts and facilitate principal and income payments on behalf of the lenders under a debt financing transaction.
Facility Agent and security trustee for syndicated debt
Perpetual acts as facility agent and security trustee for syndicated debt in the capital markets.
- Asset Backed Securities (ABS)
- Residential Mortgage-Backed Securities (RMBS)
- Covered Bonds
- Structured finance products
- Internal Securitisation structures
- Master Trusts
- Commercial Mortgage Backed Securities (CMBS)
- Debt financing
We have expertise in dealing with complex structures and transactions and our solutions can be tailored to meet our client’s needs. A typical securitisation structure is illustrated below.
Richard McCarthy is General Manager, Sales and Product and is responsible for growing Perpetual Corporate Trust’s business through new product initiatives, sales and marketing.
Richard has over 18 years’ experience in providing trustee, custody and administration services to the debt capital markets and funds management industry.
Richard joined Perpetual Corporate Trust in August 2007 and has worked across its trust and fund services businesses.
For the twelve months prior to joining Perpetual in August 2007, Richard was the Head of Relationship Management at BNY Mellon’s Corporate Trust Division in Sydney and was an integral part of the transition of JPMorgan Sydney's corporate trust business to The Bank of New York in 2006.
Prior to this, Richard spent eight years in JPMorgan's (Chemical and Chase Manhattan Bank) Institutional Trust Services business in London before moving to JPMorgan Sydney in August 2003 to integrate the business acquisition of Guardian Trust. Richard was a Responsible Officer and his integration role included Business Development, Relationship Management, Risk, Compliance, Operations and Analytics.
Greg White is Sales and Relationship Manager and is responsible for business development and relationship management primarily within the debt capital markets.
Greg has deep expertise and relationships in this segment having worked with Perpetual Corporate Trust for over 14 years in the Corporate & Structured Finance team, Transaction Management and most recently in the Sales & Product team as Product Manager, overseeing new markets and product development.
Prior to working at Perpetual Greg worked at ANZ Institutional Bank in relationship management and credit analysis, Bendigo Bank and Monte Dei Paschi Di Siena (Italian Merchant Bank).
Greg has over 21 years’ experience in the banking and financial services sector.
Matthew Allen is Senior Vice President, Singapore. From his base in Singapore, Matthew has responsibility for business development and relationship management throughout Asia. He has developed a deep and broad knowledge of the investment landscape across multiple asset classes including property, infrastructure and credit. His key relationships with lawyers, accountants, global custodians, prime brokers, administrators and consultants are invaluable to clients in both the establishment and ongoing servicing of their funds.
Matthew was formerly Senior Sales & Relationship Manager for Perpetual Corporate Trust based in Sydney, Australia. Matthew was instrumental in growing its fund services business which included Responsible Entity, Trustee, Custody and Fund Administration services. He has worked extensively with both local and offshore Fund Managers in the establishment and launch of their funds.