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Private lender Msquared Capital has announced the appointments of Michael Volkiene as general manager, loan origination and credit and Greg Thomas as chief operating officer. The appointments were effective from September 2023.
Mr Volkiene joins the private lender after most recently working as the chief executive at the private lending broker technology platform idutch.
Before his time at idutch, he was the national head of asset finance third party at major lender ANZ bank and Msquared Capital highlighted Mr Volkiene’s 28-plus years of experience in the financial services industry.
Managing director at Msquared Capital, Paul Myliotis, commented: “Michael’s vision aligns seamlessly with the growth objectives of the company. His dedication to collaborating with aggregator and broker partners will enhance Msquared Capital’s endeavours.”
Commenting on his appointment, Mr Volkiene remarked: “I am delighted to embark on this new chapter with the leadership team at Msquared Capital.
“I look forward to nurturing existing and future partnerships with aggregator and broker associates in my new role.”
Mr Thomas joins the business from Bangarra Family Office, where he served as CEO. He brings with him over 24 years of experience in finance, funds management, company transformation and executive leadership.
The lender suggested that Mr Thomas would play a key role in “driving operational excellence” and steer the lender through the next stage of growth as it looks to advance its “reputation as a trusted and reliable partner”.
Mr Myliotis stated: “Greg’s experience across a variety of asset classes in both listed and unlisted securities, and across funds management, along with his proven ability to enhance and elevate existing companies makes him a perfect fit for Msquared Capital.
“Greg is joining the team at a pivotal time in our business and our market and will play an important role in capitalising on growth opportunities.”
Mr Thomas said he was excited to be joining the organisation at a key growth period for it.
“I believe that, with the dedicated team we have in place and our commitment to delivering robust risk-adjusted returns for clients and creative solutions for borrowers, we can attain excellent results,” he added.
The appointments came as private lending grows in Australia.
According to Msquared Capital, private credit markets are booming, with an estimated global private credit market valuation of more than US$1.5 trillion ($2.36 trillion), a figure that has “more than trebled” since 2015.
[Related: The non-bank revolution]
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