James Mawhinney

Mayfair 101 has launched its second fixed interest investment product, M Core Fixed Income, under its Mayfair Platinum brand in response to increasing demand from investors seeking income producing investments given the current low rate environment.

Following the group’s successful launch of their non-bank alternative investment brand Mayfair Platinum earlier this year, M Core Fixed Income is a new secured, asset-backed investment product available to wholesale investors in the Australian market.

The official launch came as part of Mayfair Platinum’s involvement in the annual Switzer Income Conference which kicked off in Sydney early this week and will visit Melbourne and Brisbane next week. A select launch to existing investors on Monday 4 November is already generating significant interest.

Founder and Managing Director of Mayfair 101 Group, James Mawhinney, said on the announcement, “We’ve been listening closely to investors who are frustrated by the sustained fall in interest rates. M Core Fixed Income has been launched to provide a secure investment proposition for a growing customer base who are finding that earning a low rate of return on their idle money is not only undesirable, but increasingly unsustainable.”

M Core Fixed Income is secured by a pool of assets with an independent trustee overseeing first ranking, registered security interests and dollar-for-dollar backing from a collateral pool. The collateral provided is unencumbered and includes Australian real estate, cash held in the Issuer’s dedicated M Core Fixed Income account, and other Australian assets pledged by Mayfair 101 Group entities.

“We know that there is a growing appetite for non-bank alternatives, but what we keep hearing again and again is that alongside fantastic returns, customers want additional security features in their investment products. M Core Fixed Income is a secured, asset-backed investment product that provides the benefit of the Group’s extensive diversification strategy coupled with our Australian real estate portfolio including our recent strategic investment in Mission Beach and Dunk Island.

“Against the backdrop of record low interest rates, M Core Fixed Income provides customers the opportunity to earn return rates of up to 4.95% per annum on a minimum investment of A$250,000 or above.

The post Mayfair Platinum launches new secure investment product appeared first on AdviserVoice.

A chartered accountant by training, Michael began his career in Scotland with one of the big four accounting firms, EY, before moving to finance roles in the health and education sectors. After moving to Australia in 2001, Michael’s career progressed into a senior financial management role at another big four firm, KPMG.

Prior to joining Mayfair 101, Michael was Chief Financial Officer at River Capital, a leading Melbourne-based funds manager.

Mayfair 101 founder and Managing Director, James Mawhinney, commented, “2019 has been Mayfair 101’s most exciting year yet, following the launch of Mayfair Platinum in July and confirming our purchase of Dunk Island earlier this month. We are delighted to have Michael on board to lead on the continued diversification and optimisation of our investment offerings.”

Speaking on his appointment, Mr Divens said, “Mayfair 101 is one of the most dynamic financial services players in the Australian market. My priority as CFO will be to continue to champion the innovative strategic investments that have propelled Mayfair 101 to become a market leader.”

The post Mayfair 101 appoints new CFO, senior finance executive Michael Divens appeared first on AdviserVoice.

Prominent Australian businesswoman and CEO of the Switzer Financial Group, Maureen Jordan, will join communications expert Toby Ralph, former Vodafone director Amit Pau, and internationally respected former British diplomat Sir Phillip Thomas, on the Advisory Board effective immediately.

In welcoming the new appointments, Mayfair 101 Managing Director, James Mawhinney, said the addition of four highly respected business leaders to the company’s Advisory Board came at a significant time for the group.

“Following the success of Mayfair 101’s Australian investment management company IPO Wealth, which recently surpassed the $90 million mark after only two years in operation, we are now looking to significantly expand our product offering into the UK market,” Mr Mawhinney said.

“The message in Australia has been very clear. Investors are looking for non-bank alternatives that provide regular income, given term deposit rates offered by Australia’s banks are at historical lows. So, with the UK also experiencing over a decade of historically low interest rates, Mayfair 101 has Britain firmly in its sight.”

In mid-2018, Mayfair 101 expanded its UK operations with the launch of M12 Global, a Londonbased investment management company based on the same model as Australia’s IPO Wealth. “The UK has always been a key focus for the Mayfair 101 group, given the depth of financial services expertise and resources,” Mr Mawhinney said.

“Mayfair 101 intends to list M12 Global on one of the main London stock exchanges later this year to fill over $3 billion worth of demand for credit within the Mayfair 101 portfolio over the next five years.”

While each of the new Advisory Board members has had an ongoing relationship with Mayfair 101, for financial media expert and advocate for women in business, Maureen Jordan, the defining interest is the Group’s innovative approach to investment.

“Switzer Financial Group has worked with many companies in the financial services industry over the past few decades, most operating with fairly traditional models. It is exciting to see an Australian company is innovating to provide investors with fresh alternatives and that Mayfair 101 has exciting growth plans internationally that I can play a role in supporting,” Ms Jordan said.

The new appointees will join existing Advisory Board members Kenn MacMillan, Don Christie, Craig van Wegen, Charlie Grant, John Anasis and IPO Wealth’s newly appointed CEO, Ewan Laughlin. Advisory board members provide Mayfair 101 with access to a comprehensive, relevant pool of knowledge and experience to support the Group’s corporate strategy.

They also offer the group a world-class contact network to support the Group, and its portfolio companies to achieve their goals.

The post Four major Australian and international business leaders join Mayfair 101 Advisory Board appeared first on AdviserVoice.