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.
TRANSACTION MANAGEMENT GROUP – DEBT MARKET SERVICES
The Transaction Management Group works closely with clients and stakeholders to ensure all debt markets transactions are executed smoothly and on time. Our team has extensive experience with securitisation and structured finance products, as well a strong working relationships with key participants in the industry, from lawyers, banks and accounting firms, through to investors and ratings agencies. We regularly participate in industry forums relating to regulatory, commercial and legal issues affecting the market, and we welcome any questions you may have.
If you would like to discuss a new business proposal, please contact our Sales and Relationship Management team here.
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.
Kevin Hill is a Senior Sales and Relationship Manager in the Perpetual Corporate Trust team. Kevin is responsible for business development and relationship management focussed on the debt capital markets and data services.
Kevin has built strong relationships and accumulated many years of experience working in sales and relationship management roles for financial institutions in Australia.
Prior to joining Perpetual, Kevin managed ADI relationships at FIIG Securities, government clients at NSW Treasury Corporation and wholesale corporate and institutional clients at Societe Generale, Goldman Sachs, JB Were and the Commonwealth Bank.
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.
A long term resident of Singapore and with experience across a variety of Asian markets, Graham has the responsibility for business development and relationship management throughout Asia. With over 30 years in investment management, he has a deep and broad knowledge of the investment landscape across multiple asset classes. Graham maintains key relationships with a large variety of consultants, advisors and intermediaries which are invaluable to clients in both the establishment and ongoing servicing of their funds.
Graham has recently practised as a private consultant within the Asia Real Estate Fund Management industry. Previously he held senior positions with AMP Capital and Macquarie Bank across Australia, South Korea, Malaysia and Singapore, and has served as an independent director on listed and unlisted property funds which have focussed on cross border investments.Graham is a professional member of the Royal Institution of Chartered Surveyors, and the Australian Property Institute, a personal member of the Singapore Institute of Directors, and a Graduate Member of the Australian Institute of Company Directors.