Responsible Entity

The Responsible Entity (RE) of the Balmain Discrete Mortgage Income Trusts (BDMIT) is Balmain Fund Administration Limited (BFAL). Balmain Fund Administration Limited acts as Responsible Entity for several other commercial mortgage investments trusts. Balmain Fund Administration Limited is licenced pursuant to the Corporations Act (AFSL 333213) to carry on a financial services business and to act as Responsible Entity (RE).

Each registered scheme for which BFAL acts as Responsible Entity is governed by a constitution. A compliance plan is prepared for each registered scheme which describes the key processes, systems and structures that the Responsible Entity will apply to ensure compliance with the Corporations Act, the schemes’ constitution and financial service laws. The plan is required to be audited annually and the audit report is lodged with the Australian Securities and Investments Commission (ASIC). BFAL has established compliance plans and supporting compliance reporting procedures which are consistently applied to ensure that it continues to meet its obligations.

Michael  Holm

Michael Holm

Michael is the founder, major shareholder, and Executive Chairman of Balmain NB Corporation Limited. Michael established Balmain in 1979 after working for the Australian Guarantee Corporation for 2 years. Michael is one of the most highly experienced commercial lending executives in Australia, having been personally involved in raising over $5 billion in commercial loans. He is the Chairman of Balmain Fund Administration Limited, and a Director of the following; AMAL Asset Management Limited; Balmain Aqua Pty Limited; and Balmain Trilogy Investment Management Pty Limited. Michael is also a member of Balmain Fund’s Credit & Investment Committees. Michael is RG146 compliant and a responsible manager under Balmain’s AFSL licence.

Andrew  Griffin

Andrew Griffin

Andrew commenced his career at Trafalgar Properties Limited in 1987. Andrew was Managing Director of this public company and was responsible for numerous large property developments and associated funding. On leaving Trafalgar in 1997 Andrew continued to work with Robert Whyte, John Singleton and Kerry Packer on numerous property developments as well as the acquisition, funding and management of various operating businesses. Andrew joined Balmain in 2005 and is currently Group Chief Executive. Under Andrew's guidance Balmain has expanded its core capacities from commercial debt origination to a financial services and funds management business with experience and capacity through all levels of secured private debt management. Andrew is RG146 compliant and a responsible manager under Balmain’s AFSL licence.