When Challenger International acquired the Howard Group in 1997, JT continued his role as CEO of the Howard Mortgage Trust for 16 years, rising value to a little under $2.6 billion to be the largest and consistently the best performing trust of its kind in Australia- employing over 100 staff and had over 40,000 investors, with a five star rating from every major research house in Australia. The fund won the Money Management Magazine “Fund Manager of the year award” on 7 occasions.
As Chief Executive, JT was also instrumental in setting up the Property Trust Division of Howard in 1996 and has been involved with the purchase and management of a number of large commercial properties since then.
In March 2004 John, as CEO, launched the Mariner Mortgage Trust and oversaw it rapid growth over 4 years to $200million in assets. On 9 January 2009 during the height of the GFC, John assumed the position of CEO of Balmain (MMT) Pty Limited, the new Investment Manager of the Mariner Mortgage Trust.
JT was Chairman of the Financial Services Council (FSC) mortgage fund sector working group from 2005-2010. The aim of the group was to develop better disclosure regulations within the commercial mortgage fund industry and to lobby government on industry issues. Membership included Challenger, AXA, Perpetual, Colonial First State and ING with total member FUM in excess of $30billion.
Over the years both APRA and ASIC have sought JT’s advice on industry matters and have on occasions adopted his recommendations on an industry wide basis. JT is considered an expert in the commercial mortgage trust lending space.
In August 2010 John set up “JT Consultancy” to advise fund managers in the mortgage and property trust space. John is a Fellow of the Institute of Financial Services and a Fellow of the Australian Institute of Company Directors. John also sits on a number of fund manager Compliance Committees and is a ”Responsible Manager” under three Australian Financial Services Licenses and one under an Australian Credit Licence, all regulated by ASIC.
Additionally, John is also a non-executive director of a number of boards and is involved with a number of benevolent institutions advising on matters of finance, property, strategy and governance and is a former honorary treasurer of the National Council of Churches in Australia. John was awarded a Papal Knighthood in 2011 for his charitable work.
As Chief Executive of JT Consultancy, John also undertakes strategic planning assignments for a wide range of clients in areas including financial services, manufacturing, benevolent institutions and NFP organisations. As well John is involved with executive mentoring and training and the development of detailed policies and procedures for clients.JOHN (JT) THOMAS