Chairman of Compliance Committee and Credit Committee Member
John Thomas “JT” has been involved in banking, finance and funds management activities for 46 years. After initial training with a major bank, a building society and then a credit union, JT joined the Howard Group in 1987, where he began Managing the Howard Mortgage Trust in its fledgling years. When Challenger International acquired the Howard Group in 1997, JT continued his role as CEO of the Howard Mortgage Trust. By the time JT left Challenger in May 2003, after managing the Howard Mortgage Trust for 16 years, the assets of the Trust had risen to a little under $3billion to be the largest and consistently the best performing trust of its kind in Australia. The fund was awarded the Australian fund manager of the year award in the fixed interest category on 7 occasions. The trust was the only fund of its kind to hold five-star ratings from every major research house in Australia.
JT was Chairman of the Financial Services Council (FSC) mortgage fund sector working group from 2005-2010. 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 has an enviable record for not having lost one cent of investor funds even during the GFC, in either his mortgage or property fund activities.
As a Fellow of the Institute of Financial Services and a Fellow of the Australian Institute of Company Directors. He currently provides compliance advisory to no more than a handful of fund managers including Princeton.
In 2011, JT was awarded a Papal Knighthood (KSS) in recognition of his years of “meritorious service to the community and to the Catholic Diocese of Parramatta” most notably his Chairmanship of the Diocesan Finance Council and his assistance with the significant Catholic School building programs and his Chairmanship of Church retirement villages.
In June 2022, JT was awarded an Order of Australia Medal (OAM) in the Queen’s birthday honors list in recognition of his years of “outstanding and meritorious service to the community and to business”