Stephen shared our view that great ideas often emerge from the SME sector as they have identified a gap in the marketplace and strive to fill it with a skill or product. We informed Stephen that providing reliable and affordable finance to the SME sector was critical as they are the backbone of the Australian economy. It was a discussion which we enjoyed having in our joint advocacy of the SME sector.

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TWO YEARS YOUNG AND GROWING STRONG

This time of year usually involves all businesses being caught up in EOFY mode. At Archery Capital June is also significant, as June 2018 marks our 2nd Birthday! It is quite incredible to believe that it has now been two years since we first opened our doors where we went from designing a name and logo, and refining our business purpose and point of distinction in the Non-Bank Lending industry, to present day, where we have a compelling range of products for our SME clients coupled with real and meaningful assistance and a healthy loan book to boot.

OUR AUSTRALIAN FINANCIAL SERVICES LICENCE

In the past two years we have always stayed true to our mission which was to consistently deliver a transparent and fair process to our clients, and one that would survive any reasonable external scrutiny. We are therefore pleased to announce that upon our second birthday ASIC has also now seen fit to grant Archery Capital with its own Australian Financial Services Licence! In this post Banking Royal Commission climate this validation is certainly one that we will guard, and overzealously ensure that we live up to. The AFSL means that Archery Capital will now be subject to an even more rigorous regulatory regime, and we genuinely look forward to this, and so should all our stakeholders, as it means a fairer and more transparent process all round.

OUR SPONSORSHIP OF THE MELBOURNE STORM

This quarter also involved us becoming involved with the Melbourne Storm as a sponsor. For any of our stakeholders keen on attending a Storm game in a Melbourne wintery night, please get in contact with us, and we will be glad to host you. It is one of our ways of saying thank you to those that supported us over the last two years. As we now all ready ourselves for the next Financial Year, and into what will be Archery Capital’s third year of trading.

Have a great end to FY June 2018, and all the best for the next Financial Year. As always, if you feel that there is anything that we can assist you with, please do not hesitate to contact us.

The post Two Year Milestone Update appeared first on Archery Capital.

Kay recently joined Archery Capital as Chief Administration Officer and brings a wealth of experience and knowledge across financial services and managed funds at a time when Archery seeks to attain its Australian Financial Services License. Initially, Kay will focus on assisting Archery with its license and later with the establishment of managed funds.

As background, Kay has a 30-year career in financial services, of which the latter 21 years were with Citigroup, where she was Managing Director and Product Head, working in both regional and global management roles across a number of business lines. Key roles performed by Kay include Regional Chief Operating Officer (Asia Pacific) for the Investment Management business and Head of Global Funds for Citi based in London. Kay is a seasoned manager with broad experience and strong technical knowledge and her experience includes Investment Management, Funds, Superannuation, Trade Finance, Broking, Mergers and Acquisitions and various banking products.

After returning from overseas, Kay has been keen to reconnect to the local community and has enjoyed assisting Guide Dogs Victoria by raising a puppy named Indigo who was assessed highly and now goes on to be a breeder, remaining with Kay and they both continue to assist others to graduate successfully.

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Welcome to our last Bulletin of the year, which also caps off six months since we have been open. In this Bulletin we take a look at 2016, and the role that Expertise (or lack thereof) played in shaping it into the rocky ride that it was.

Expertise

All businesses aim to satisfy demand in the market through their offering, which might take the form of a service, product or combination of both. In its most simplest form, the formula for the business to grow is demand for this offering and a subsequent delivery that satiates the need of the end consumer. Take the Tea Industry for example, which has enjoyed enduring demand over time due largely to the role that it fills which can be clearly defined as providing liquid nourishment to an increasingly health conscious consumer. The versatility of tea – hot, cold, sweetened, unsweetened, combined with the refreshment, hydration and documented health benefits – have ensured that tea remains unrivalled in value creation and consumption (by volume) within the beverage industry. It also has another rumoured utilisation, which we will look at later in our Bulletin.

All players that operate within the ‘Tea Chain’ whether they are growers, packers, retailers servers or consumers understand the role that this simple product plays. As a metaphor to all businesses, tea reminds us that growth is more than fulfilling a purpose. For all its simplicity, and in spite of historically being overlooked within the beverage industry as a low-priced commodity, tea has endured because it does not fail to meet the expectations of the end consumer. Failure to meet expectation is terminal to business. But, you need only observe your nearest tea lover for assurance that this is one product not in danger of becoming redundant. Which brings us to our next segment:

Business as (Un)usual….

Following the release of the Government’s Mid Year Economic Fiscal Outlook earlier this week, the rating agencies responded by confirming Australia’s AAA Credit Rating would remain for now. A surprising outcome to many onlookers, ourselves included, given the run of ‘headwinds’ that have recently surfaced that signal challenging times ahead.

In our opinion 2016 has been the year where all the Experts (term used very generously) got it wrong. It was the year that gave us ‘Brexit’, the Coalition a near death experience, the return of ‘One Nation’, ‘Trump’, Bob Dylan the Nobel Prize, Prince’s passing, and no foreseeable Budget Surplus. Out of all of this, the only predictable occurrence was the pontification that occurred after every surprising event by the subject matter experts who were not content to have just got it wrong and doubled-down by providing their expert analysis on why they got it wrong.

We think that 2016 will be viewed as the point where the once valued and sought after expert opinions across a range of disciplines proved their fallibility….and the demand that we as consumers have for their product was irreparably damaged. As events unfolded, the once valuable insight that was provided was quickly dismissed into a sea of redundancy. For peddlers of information to claw back any relevancy, their advice needs to shift from the theoretical, and be grounded from analysis of the environment that we all exist in, and have existed in for quite some time.

Predictably however….

The Big Banks all chose to finally cut the hair-thin link between themselves and the RBA in the past few weeks as far as interest rates are concerned, when they demonstrated that interest rate cutting cycle was over from their end, by increasing rates across a number of their products. It is likely that 2017 will see more rate rises by the Banking Sector which will be independent of the RBA’s action. (This is our humble opinion, and in no way a prediction mind you). Further, the RBA will most likely allow the balancing act in this space to be done by the US Fed, as if they continue to increase rates, that should keep the Australian dollar in check.

In our previous Bulletin we reported on the Parliamentary Hearings into the Banking Sector, and the much heralded (and highly derided) decision to form a Banking Tribunal. Earlier this month, the Minister for Financial Services, Ms. Kelly O’Dwyer confirmed that this Tribunal would really be a ‘small t’ Tribunal.

C’mon, who did not see that coming!

LAST WORD…

Given the unpredictability of events in 2016, our view for 2017 is that all business owners should stick to their strategic planning, and really know and understand their environment and the end consumer. They should not follow the approach of kicking the table over, as adopted by the voting public across the globe who have chosen to install those that loudly proclaim expertise in knowing what is best, but have very little by way of solid experience to achieve this. It will be interesting to say the least.

Business owners should be more disciplined than ever. We refer you to our previous Bulletins on Agility, Complacency and Planning in this respect. Business owners should trust their own experienced instincts, and if they do require advice, they should ensure that it is obtained from those that understand them and their business. Our enduring view however is that:

“Demonstrated Experience Trumps Hollow Expertise” (Pun intended)!

In the meantime, and in the run up to year end, we wish to take this opportunity to thank all our stakeholders for their support of Archery Capital since we opened 6 months ago. Please have a safe and enjoyable festive period, and we will be back in 2017 when we can continue to work together.

Now go and have that cup of tea. For those that remain anxious about 2017, and as alluded to earlier, it might be time to bring back Tasseography, which is the art of reading tea leaves to predict the future. In all honesty, tea leaves would probably provide better insights into next year, and will certainly not do a worse job than the experts that gave us their opinions this past year. Their accuracy to predict economic shifts in particular has been waning since the GFC, and now they are so far off the mark, that they may as well have used tea leaves!

Finally, and as always, please feel free to contact us for a discussion on anything you believe we might be able to help you or your clients with.

The post Bulletin: December 2016 appeared first on Archery Capital.

Whenever any successful model is examined, a key ingredient that is evident is a well thought out, and well implemented plan! Models of excellence tend to blossom and thrive across all spectrums when goals are clearly articulated and constantly reinforced. In an attempt to provide insight in line with previous Bulletins, this month we will broadly explore why failing to plan, usually ends up in planning to fail.

The contemporary environment that all businesses operate in is currently beset by uncertainty from all corners. To obtain clarity when no one can truly predict what is going to happen next socially, financially or politically, can and has rendered a number of business into a state of paralysis. Our belief at Archery Capital is that during these blurry conditions, businesses should actually review their plans, tweak if necessary and then stick to its implementation with driven determination.

Grand Final Weekend……

Grand Final Weekend finished recently, and if we look at the two teams that emerged victorious, it is evident what strong planning, and controlled implementation can achieve. It was not that long ago where both the Western Bulldogs and Cronulla Sharks were given no hope of taking home the silverware by any sports analyst given their respective challenges. However, the coaching team along with the players went back to the drawing board, planned, rebuilt, re-purposed, and came out guns blazing. These both teams epitomise this month’s theme of Planning around a vision and ensuring that all stakeholders are invested in it. They have, and deserve both our admiration and our heartiest of congratulations. Well done!

Parliamentary Hearings into the Banking Sector

The beginning of this month also saw the Big Bank’s CEOS front the first of the Parliamentary Hearings. What was evident to us at Archery Capital was that all the CEO’s came very well prepared, and no doubt utilised the full armoury of the resources available to them in each of their organisations. Clearly there would have been rehearsal sessions within the Executive levels in the Big 4 in anticipation of the Hearings where mock questions were thrown at them and detailed answers memorised. The gloves were up, and it appeared that they read their opponents quite well, because not one politician landed a critical blow.

On the other side of this adversarial process, our assessment was that unlike the CEOs, the bulk of the politicians did not bother to genuinely respect the resilience and battle hardness of their opponents. There did not appear to be much planning around the anticipated points of attack. Regardless of whether they viewed the exercise cynically or not, the whole hearing appeared to fizzle. There were a few attempts to extract apologies and concessions out of the CEOs and their respective organisations. In our opinion, the ones given, were always willingly going to be given by the Banks before the first question was even asked.

Had the politicians planned and acted with a bit more cohesion, as opposed to utilise the process for that potential opportunity to be the next soundbite in the ensuing news cycle, the hearings might have been more worthwhile, and achieved something. Instead, what most Small Business owners learnt was that a new Bank Tribunal would be established, and the banks were off until next year! Whatever your view on the banks, they fronted the Parliamentary Hearings willingly, and came prepared. It is not their fault that politicians failed in their attempt to further prosecute or defend the argument for a Royal Commission. For the Banks, it was a case of back to business as usual, with an added bonus of no longer having to donate to political parties!

Welcome to the Big Chair!

Philip Lowe assumed his new role as RBA Governor following Glenn Stevens’ departure last month. As anticipated by economists the RBA chose to leave the cash rate unchanged, and it is likely in our opinion, to remain unchanged unless some significant event in the near future like perhaps the collapse of a major like Deutsche Bank occurs! (You heard it here first!)

In last month’s Bulletin we identified that rate cutting had run out of puff, and it appears the Treasurer Scott Morrison shares our view when he recently told the AFR that rate cuts had:

“exhausted its effectiveness and that its ability to impact and influence is diminishing.”

So what will actually stimulate the sluggish parts of the economy that we need to stimulate ‘Jobs and Growth’? We unfortunately do not believe that it is going to be coming from our elected leaders in government. Instead, as usual, this responsibility is going to fall to the business sector. As you prepare yourself for this task every day, our hope is that you not only set out, but that you also achieve your daily goals. If we can help finance any aspiration in this respect, we would be happy to discuss this with you.

Deal of The Month!

Archery Capital was approached by a Voluntary Administrator who was seeking to trade-on a business in order to preserve its value so that it could eventually be sold as a going concern. Unfortunately, none the main tier financiers were willing to lend to a company under Administration, despite the blue chip security on offer. The Administrator was instead referred to us at Archery Capital, and we were able to assist the Administrator and the business by providing funding for the trade-on and anticipated eventual sale.

All stakeholders were extremely happy with the outcome, particularly the owners and workers of the business in question.

LAST WORD…

One of the biggest rewards that good planning and implementation reaps, is that your client base is acutely aware of it. The value of your product and the brand of your operation is enhanced by presenting a business that is truly in control of itself, which in turn promotes confidence. In the last month without us even taking the easy pot shot at politicians (Donald Trump anyone), it is evident how failing to plan and implement effectively damaged high profile operations that include the likes of behemoths like Samsung, the Australian Cricket Team and Masters. All of which carry cautionary tales of poor planning and execution.

So as you meander you way through a complex minefield of political, economic and social headwinds, our hope is that you do so with a plan that is constantly being reviewed, reinforced and adhered to.

If you require it, Archery Capital would love to be able to support you and your business in this respect.

Finally, and as always, please feel free to contact us for a discussion on anything you believe we might be able to help you or your clients with.

The post Bulletin: October 2016 appeared first on Archery Capital.

The mother of all businesses resumed last week. The Australian Parliament is back in swing with the Coalition returned on a wafer-thin majority. Given the extremely close election result, it is not unreasonable to expect that the Coalition should be on edge, and keep their gloves up against a rejuvenated Labor Opposition. But what instead happened in the first week, was that a number of government MPS, including senior cabinet ministers chose to take an early mark on the Thursday, and this ended up in the Coalition suffering the humiliation of becoming the first sitting government with a majority to lose a vote in more than 50 years!

This week it was the opposition left red faced with Sam Dastyari (finally) falling on his sword and resigning from the Opposition Front Bench following the mauling received when it was revealed that he had his expenses paid for by a Chinese donor. Regardless of the impropriety that this conduct indicates, the fact that a seasoned politician would allow this to happen is evidence of the complacency in his thought process. Just because he disclosed it, did not mean that he would get away with it in the court of public opinion!

The operating rhythm of any business in the SME sector seldom allows for an ‘early mark’, nor are they presented with offers to have their expenses picked up by third parties. In fact it is unfathomable that SME owners and their respective senior team would dare to be lulled into such a false sense of security and allow themselves to be exposed, which in turn would allow their competitors to pounce. Whether it is the business, political or sporting arena, it is important to remember that where competition abounds, staying ever alert and maintaining a degree of paranoia is what separates the leader from the pack. We strongly encourage you to remain alert, remain hungry, and clean that review mirror!

The Olympics are over, cue the naval gazing…

Our Olympians returned home from Rio, and it did not take long for the post mortem to begin as to why after such high hopes, and so much investment, Team Australia returned with 6 fewer medals than the London Olympics. Given the fact that we here at Archery Capital are uncomfortable with the level of expectation placed upon the shoulders of an overwhelmingly younger and newer team, we choose to congratulate, instead of criticise Team Australia. We also thank them for reminding us all that when you compete on a global stage to never forget that the competition might also be improving through training and investment into their respective sporting disciplines.

We believe that in preparation for the next Olympics, management and coaching staff should take heed and address the complacency that has been allowed to impact upon the execution of the plans for a larger medal haul. Finally, it is simply unacceptable that the Brits did better than us, and this cannot be allowed to continue!

Farewell, Glenn Stevens!

As anticipated by economists the RBA chose to leave the cash rate unchanged following last month’s cut.  It is becoming apparent that despite best efforts by outgoing RBA Governor Glenn Stevens and his team, the Australian Dollar remains resilient.  In all fairness, this is in part due to global economic conditions, with the term currency war now being commonly bandied around.  It appears that most countries had a similar plan to transition their economies by softening their currencies, in the hope that a softer dollar would stimulate investment into the other quieter components of the economy and drive overall growth.  What appears to have happened, however, particularly along the East Coast of Australia, is a continued increase in property prices driven by lower interest rates.

Further, Australia has now enjoyed 25 years of uninterrupted economic growth, and if it continues next year, we would have taken the mantle away from the Netherlands as the only country to have achieved this significant milestone.  Beyond sheer slipstream good luck provided by the growth of our regional neighbours, we should also be thankful in part to the active role that the Reserve Bank of Australia has played in carefully managing the economy, and it would be hard to accuse Mr Stevens of being complacent in his time in the role as RBA Governor.

In his final interview this week, Mr Stevens warned that Australia’s record growth should not lull us into a state of complacency, and indeed encouraged us to not view this milestone as a spectator sport and sit on the side line.

Some of our SME clients have identified an opportunity, and appear to not be wasting time.  The increase in value in their property assets, coupled with the 25 years of economic growth are seeing some of them utilising the extra fat in their property assets and borrowing against it to further invest in their businesses.  While no one can truly predict the future, it again appears that the SME sector has chosen to strike while the iron is hot.

Our observation of bigger corporates on the other hand, is that they have chosen to adopt a wait and see approach.  We hope that this state of complacency is not permanent.  All businesses require investment for growth, and when money is cheap, and the economic outlook is quite good, advantage should be taken to take a punt!

Deal of The Month!

Archery Capital was approached by a borrower who had an opportunity to purchase some land and needed to complete the sale urgently so as not to miss out on a discounted rate. The borrower had approached a number of lenders to obtain quotes on price and timing for the deal however, no one could confirm funding within the requested time frame. We were able to process the request from an application to drawdown stage in 1 business week. This ensured that the borrower could start the process of realising their dream of becoming a property developer, and with the discount applied they will be able to start renovations earlier than they had hoped.

UPCOMING EVENT: The City of the cheese stick, and the Deconstructed Coffee!

Both Paul Bailey and I will be in Melbourne from the 21st to 23rd September 2016 meeting with a number of people in Victoria in anticipation of forming long-term mutually beneficial relationships. For those in Victoria who are interested in meeting us both, please contact us so that we can arrange a time with you during this period for a coffee (not deconstructed) catch-up.

LAST WORD…

We continue to watch and report on matters that are important to the SME sector in our monthly Bulletins, and also attempt to also keep it topical. In this spirit, I invite you to please provide us with feedback if you feel we are not hitting the mark. Finally, as always, please feel free to contact us for a discussion on anything you believe we might be able to help you or your clients with. Have a good start to Spring everyone!

The post Bulletin: September 2016 appeared first on Archery Capital.

In the last month, the world was introduced and subsequently gripped by the ‘Pokemon GO’ phenomenon.  It was split between the augmented reality players who walked around with their eyes glued to their smartphones, and the bemused others camp who scratched their heads wondering what to make of it all.  Putting aside for a second which camp you identify with, SMEs (particularly those in the hospitality sector) saw this as an opportunity to drive customers into their operation by embracing the players and offering discounts to them, and some even made their businesses ‘PokeStops’ or ‘Pokemon Gyms’.  This early identification of an opportunity, coupled with the speed to act and monetise a trend highlights the fundamental difference between SMEs and the rest of the business sector.  SMEs possess an agility and speed to market that big corporates just cannot match.

We here at Archery Capital not only wish to emulate their agility, but we also salute those early adopters who set the pace for the rest of the business community, and once we figure just what a ‘Pokemon’ is, we hope to join you in the hunt!

Our take on the recent Reserve Bank’s Interest rate cut

Last week the Reserve Bank of Australia chose to cut its cash rate by 25 basis points to a record low of 1.5%.  The interesting response from the banking sector was to offer a partial rate cut, coupled with an increase in its term deposit rates.  Our take on this is that the rate cut was not fully passed on for two reasons.

Firstly, as the Treasurer has already confirmed, there does not appear to be a cost of funds issue that he is aware of that might have contributed to the rate cut not being passed on in full.  It is therefore a reasonable assumption that the banking sector whilst looking to appear to shore up its long-time suffering term-deposit customers who have been starved of higher returns, are actually protecting their margins.  This strategy has been deployed due to the uncertainty that still nags markets globally, and arguably to shareholders, it is good economic management.  By being prudent, the banks will undoubtedly be better positioned if and when that rainy day does eventually show up.

Secondly, the last rate cut that was passed on in full by all but one of the ‘Big 4’ Banks happened in May this year.  At that time the election was looming and the rumblings of a Royal Commission into the Banking sector was still a white hot issue.  This time around the banks clearly misread the tea leaves that the threat of a Royal Commission had passed, and chose accordingly to keep the bulk of the cut for themselves.  From the outrage that followed their decision, and with the fact that politicians of all stripes will be closely seeing how much momentum this gets from the electorate (particularly now that bank reporting season has arrived with bumper profits expected), we believe that this was probably a misstep by the banks, and one in which they will hoping to ride out in the next few months.  This issue is clearly far from over!

The Election is over (we think), but why is the Small Business Portfolio out of Cabinet?

The new look ministry was announced by the Prime Minister following the election result being finally finalised.  Michael McCormack replaced Kelly O’Dwyer as the Small Business Minister, but the actual Small Business Portfolio failed to make the cut into Cabinet.  Various representative bodies for this sector voiced their disappointment and concern, and the Prime Minister’s response was that every Minister was a Minister for Small Business!  It is however difficult to believe that given the air time that Small Business received during the election campaign that anyone foresaw this demotion as a possibility.  The usual post-mortem into the reasons behind this oversight began in an attempt to understand it.

At Archery Capital we believe that it was a lot simpler than this………they just forgot!  In the nail biting finish that culminated in the Coalition scraping the numbers to form Cabinet, it could have been nothing more than mere relief and elation that contributed to this oversight.  Our view however, is that this does not need to end up being a bad thing for the sector.  By its absence in Cabinet, the Small Business sector is now much more conspicuous.  Further, following the circus around Census, Minister McCormack will be clearly distracted, and the representative bodies of the Small Business sector can indeed hold the government to account on every Minister truly being a Minister for Small Business, while Minister McCormack deals with the Census debacle!

Deal of the month!

In July we were approached by a borrower who had found new commercial premises for his business after searching for more than a year.  He was in the process of obtaining finance from his bank when he was contacted by the real estate agent who advised that another interested party was showing up with a bank cheque in three days to take the property off the market, and the auction was going to be cancelled.  The borrower contacted his bank, and was told that they could assist him, but it would take more than a week.  The borrower then spoke to his broker who put him in contact with us.

We were able to provide him with the funds in three days, and he was able to secure the property.  His bank will take out our position in a few weeks when his application is finally processed.  He was suitably impressed, and will be using us for all his future short-term funding needs.

Upcoming Events: Western Australia official launch!

As the WA state economy transitions, it is apparent that its SME sector is under threat from receiving viable and reliable financial support from nervous traditional financiers as they themselves transition their businesses.  At Archery Capital we have listened to the feedback from our WA audience, and will be having a launch event in Perth commencing at 5.30pm on Tuesday, 16 August 2016 at 10/111 St George’s Terrance.  For those in WA who are interested in coming and meeting us, please contact us so that we can add you to the list of attendees.

Last word….

As promised in our last bulletin, Archery Capital will always aim to innovate consistently and improve our offering based on our stakeholder feedback.  In this spirit, we own the fact that our first website did not hit the mark.  Even though it was not quite as disastrous as the Census Website, we have nevertheless pressed the restart button on it.

Finally, as always, please feel free to contact us for a discussion on anything you believe we might be able to help you or your clients with.

In addition to our new website, don’t forget to follow us on Twitter @ArcheryCapital and on LinkedIn – Archery Capital Pty Ltd.

The post Bulletin: August 2016 appeared first on Archery Capital.

These Bulletins will serve to inform and update stakeholders of Archery Capital on topical issues impacting the finance industry.

Who are we?

Archery Capital is the brainchild of a number of professionals who noticed a gap in the finance industry’s service proposition to the SME sector.  There appears to be a significant rise in the number of SME’s facing increased difficulty in either obtaining or continuing their financial arrangements for their businesses.  This is in large part being driven by the increased scrutiny facing major lenders by their regulatory body which requires them to tighten their lending criteria.

The response of the major lenders to this headwind is to apply a broad brush approach to their customer base, and to freeze out businesses, particularly in the SME sector from securing or continuing with their finance arrangements, irrespective of their past credit performance, or without regard to their core business fundamentals.

The experience for these impacted businesses in this scenario is one of frustration, as they are faced with an immediate pressure to refinance.  In a large number of cases, they have little or no experience in seeking alternate forms of funding beyond the traditional big lenders.

This is where Archery Capital can help.

Our goal is to provide our customers a professional service delivered expeditiously, whilst ensuring that their funding requirements are dealt with efficiently.  We aim to be a trustworthy company that is easy to do business with.

With a team of professional advisers who have a plethora of experience in Banking, Accounting, Legal, and Business Services, we will provide the relief that is being sought by our customers through either providing the funding for their business needs, or at the minimum to source the right pairing with lenders that can assist via our trusted panel of partners.

Unlike the big lenders, Archery Capital’s goal is to distinguish itself by providing a personalised bespoke and targeted financial solution aimed at alleviating the pressure that our customers might be facing.  We take a long-term view of eventually repatriating the borrower to a first tier lender.  Our very point of distinction is our ‘Case-by-Case’ approach which allows us an agility that our competitors do not have.

Our Team

Our expertise also gives us the edge over our competitors in our industry.  Our two customer facing partners both come from the Big 4 Banking sector and have between them more than 40 years of experience in dealing with a variety of clients across the business spectrum both globally and locally.  Below is a brief bio on Prini Acharrie and Paul Bailey, who are our primary contact for all Archery Capital enquiries.

Prini Acharrie

Prini’s most recent role was as the Global Head in charge of the National Australia Bank’s International Migrant Banking Division.  He managed a team across various countries and financial institutions within the Nab Group, which included Bank of New Zealand (NZ) and Clydesdale Yorkshire Bank (UK).  Prior to this role, Prini worked as a Director in the Nab’s Group Strategic Business Services where he managed a $1.2 Billion portfolio of high-end distressed corporates.  When he joined the Nab in 2008, Prini headed up the NSW/ACT Strategic Business Services Workout Division through the GFC.  Prior to being in banking, Prini worked in both the Accounting and Legal fields. Prini holds professional memberships with the Law Society of NSW as a solicitor, and is also a member of ARITA (Australian Restructuring Insolvency & Turnaround Association), and INSOL (International Federation of Insolvency Professionals).

Paul Bailey

Paul also joins the team having previously worked with NAB.  Paul was with the NAB for 18 years undertaking various roles with both frontline and operational responsibilities before spending the last 6 years within the Migrant Banking team where he worked with Prini as his 2IC.  Paul has over 10 years of experience in Sales and Operation Management and will be in charge of Sales and Marketing for Archery Capital.

Last word….

The only certainty that the recent Federal Election delivered was that the big lenders are clearly in the spotlight in a potential hung parliament.  Archery Capital wants to help the casualties of the fallout of this uncertain landscape, and our process and proposition is built with the aspirations of our customers being at the core of what we are at Archery Capital.  We do not have the challenges of bureaucracy that our customers are used to facing which can lead to them losing precious time over a funding decision.  Nor do we have numerous layers between our client facing team, and our creditor/decisioning committee.  Our process is aimed at being both efficient and timely which should enable us being a facilitator between our customer’s prosperity and their financial health.

We will always aim to innovate consistently to stay in front of policy and industry changes and to improve the efficiency of our business, and the overall client experience.

We are very excited about the future of Archery Capital and look forward to working with you.  Please feel free to contact either Prini or Paul on the numbers below for a genuine chat on anything you believe we might be able to help you or your clients with.

The post Bulletin: July 2016 appeared first on Archery Capital.