Ms Hamieh is already known to many in the industry for her work with Wilson HTM and Next Financial, where she held a number of significant roles in relationship management, marketing and, most recently, heading up the company’s Dealer Group Distribution area.

“Anne has very significant experience in both financial services and marketing and her strong relationships with, and understanding of what drives planners and dealer groups will add a new dimension to our team as we continue to expand our offering in this space,” said John McBain, Centuria Capital CEO.

Mr McBain went on to say that other key areas of focus for the role will be the promotion and positioning of Centuria’s investment bonds and new products. Ms Hamieh will also be building a team as new products come onboard.

Ms Hamieh has also previously held analyst, planning and business development roles with AMP.

“It is a real privilege to be joining such a dynamic and focused team, and one that has a real vision for the future,” said Ms Hamieh. “There’s a great sense of possibility and optimism about what lies ahead and I am looking forward to contributing to some really solid achievements in line with Centuria’s strategic plan.”  

Ms Hamieh’s arrival is the third major appointment to occur at Centuria Capital, which recently underwent a major company rebrand earlier in the year.

“We are well aware that to meet what are ambitious goals we need the right talent on board and we will continue to pursue that talent to ensure we achieve them,” said Mr McBain.

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Ms Chaudhri brings to Centuria Capital more than 14 years’ experience in taxation and business services both in Australia and internationally.

This appointment marks another in a series of moves since a major rebranding and business realignment at Centuria earlier this year. These initiatives are aimed at positioning the company to meet ambitious growth targets across both its extensive unlisted property and financial services portfolios.

“A critical factor in achieving our three year strategy is to broaden and deepen the talent we have on board and Ms Chaudhri’s appointment is an important part of this,” said Matthew Coy, CFO of Centuria Capital.

A member of the Institute of Chartered Accountants of Australia, she has previously worked for PricewaterhouseCoopers, ResMed and OneSteel. She has also run her own public practice catering to multinationals, including adidas, Oracle and Henkel.

Mr Coy said of the appointment: “Ms Chaudhri will be hitting the ground running to support what has already been a highly successful year for us at Centuria. We are delighted to have someone with her talent and corporate experience join the business.”

She will be based in the Sydney office.

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One of Australia’s most successful diversified fund managers, Centuria Capital Limited (formerly Over Fifty Group Limited) announced today that Peter McDonagh has joined as Head of Reverse Mortgages.

With almost 30 years experience within the financial services industry, Mr McDonagh has extensive expertise in managing mortgage services teams and high-volume mortgage administration operations with up to 90 staff.

Prior to joining Centuria Capital, Mr McDonagh worked as the Performance Improvement & Quality Advisor in National Australia Bank’s (NAB) Group Business Services. Previous to this, he was the Funding Coordinator HomeSide Service Experience at NAB.

Mr McDonagh has also held senior roles within CBA’s Mortgage Services Business in Melbourne over many years and more recently held a contact role as Team Leader of Exceptions Processing at Australia Post.
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Matthew Coy, CFO of Centuria Capital said of the appointment: “As a business we pride ourselves on the strength of our team and also on our diversified offering. Peter’s appointment further demonstrates our commitment to this area of the business and we are pleased to have someone of Peter’s calibre join the team.”
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The Reverse Mortgages Business at Centuria currently manages 2,300 loans and has an aggregate size of mortgage book of $195 million. The average loan value is $85,000 with gearing equating to less than 20 per cent on current valuations.
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New mortgage origination has been suspended, however the group is managing all existing loans and honouring previously approved limits within them.
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Mr McDonagh will be based in the Melbourne office.

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Centuria Capital’s (ASX: CNI), property funds management subsidiary, Centuria Property Funds (formerly Century Funds Management), has purchased a 10 level commercial building at 200 Creek Street, Brisbane for $37.7 million. The vendor of the property is Valad Core Plus Fund.

The building is 100 per cent leased to a mix of quality multi-national and Government tenants which include State Government agency Link Water, international environmental engineers BMT WBM and the multi-national Medtronic Group. The building has recently undergone a refurbishment program that included an extensive foyer and services upgrade.

Centuria has formed a new single asset unlisted property Fund to hold the asset and the forecast initial return is 8.75 per cent increasing to 9 per cent over the life of the Fund.

The acquisition takes Centuria’s property funds under management to $960 million.

CEO of Centuria Property Funds, Mr Jason Huljich said:

“We believe the Brisbane office market is an attractive counter-cyclical opportunity which will experience significant growth in the medium term, assisted by mining and infrastructure spending. 200 Creek Street is well positioned to ride out an initially soft leasing market with a strong weighted average lease expiry (over 5 years) and fixed annual reviews in excess of forecast CPI.”

“Investor interest in 200 Creek Street has been very strong and the offer closed heavily oversubscribed.”

“Centuria continues to pursue an aggressive strategy with regard to property opportunities which exhibit attractive income returns coupled with the potential for strong capital growth. Centuria is now looking at larger acquisitions in the $20 – $100 million range.”

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