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Centuria Bass Credit appoints new deputy CEO

By Liam Garman
09 January 2025 | 5 minute read
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A former Wallabies vice captain has been appointed as deputy chief executive officer and co-head of lending at Centuria Bass Credit.

Former Wallabies vice captain David Giffin has been appointed deputy chief executive officer and co-head of lending at Centuria Bass Credit.

Under the new role, the former international rugby union star will oversee private lending origination and loan management across Australia and New Zealand.

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Giffin helped lead the Wallabies to victory in the 1999 Rugby World Cup hosted in Wales.

According to the company, the appointment comes at a critical time for Centuria Bass Credit, with their assets under management growing by 46 per cent over 2024 to over $2 billion.

He will be leading a team with 10 direct reports, and report himself to the joint CEOs Nick Goh and Giles Borten.

“It is a pleasure to welcome David to the Centuria Bass fold and to have such a credible, seasoned professional join our senior ranks at a time of significant growth. In the past 12 months alone, we have originated and refinanced more than 44 loans worth more than $960 million. For our investors, this has translated into a c.10 per cent IRR return on predominantly first mortgage opportunities over the year. We have also provided returns as high as 15.25 per cent IRR on senior loans,” the CEOs said in a statement released by the company.

“What sets us apart is targeting the underserviced real estate loan middle market to enable developers to get shovels in the ground for new development projects and land subdivisions as well as see projects come to fruition through bridging finance and residual stock loans.

“David’s experience across capital raising and loan management is a perfect match to assist Centuria Bass continue its growth trajectory.”

Giffin joins Centuria Bass Credit with 20 years of experience in private lending. This includes securing more than $1 billion in capital for Taurus Motor Finance, a business he co-founded.

He also currently serves as a non-executive director of aged care provider Kopwa Limited.

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