Securitiser stress manifest

Monday, 20 June 2016

Specialist mortgage lender Firstmac is on the hunt for an equity investor and another option on realising a vision to transform into a bank.

“We’re just looking for a big brother,” said Kim Cannon, the lender’s managing director and sole shareholder.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.