Executives and Senior Management

James Austin, Chief Financial Officer

James Austin  is the CFO of Firstmac Limited, a role he has held since 2005. He has overseen the structuring and issuance of more than $15 billion of RMBS including managing Firstmac through the global financial crisis of 2007~2009. Over the past decade, James managed the acquisition and integration of HSBC’s $2.2 billion residential mortgage portfolio, established a retail managed investment fund, implemented internal credit scoring, and facilitated rapid customer origination growth over 2014 and 2015 whilst improving the credit quality of the portfolio.

James studied at Queensland University of Technology where he obtained his Bachelor of Business (Accounting) and subsequently attained his ACA qualifications with the Institute of Chartered Accountants in his first role with KPMG Brisbane.  Recognizing the benefits of broad international finance experience, James left Brisbane in the early 1990s and worked for CSFB and Abbey National in London before returning to Australia to work with HSBC in Sydney. After three years in Sydney James was promoted to the position of Chief Operating Officer, HSBC Japan where he stayed for a further six years.  

James built a wealth of knowledge in treasury and capital markets and developed expertise in debt, equity, and derivative markets including Issuance, trading, market risk management, valuations, and settlements. James is responsible for accounting, funding & investor relations, human resources, market risk, credit risk, and compliance.

Paul Eagar, Director Securitisation

Paul has been with Firstmac for 14 years as Director – Securitisation.  He has been instrumental in the support of the structuring and issuance of the Firstmac RMBS programme. Paul has over 30 years’ experience in the finance industry and has a thorough understanding of the mortgage lending market.  He has held executive management positions with a number of lending, mortgage insurance and securitisation institutions and has direct experience in sales, marketing, credit, portfolio management, systems and policy development and implementation, and product development.

Paul’s involvement in the securitisation sector of the market dates back to 1989 when he was a provider of credit enhancement to securitised programs. He worked for Australian Mortgage Securities and was a Director of the RESIMAC Mortgage Securitisation Program from 1996, which at the time of his departure in 2001 had assets of approximately $2 billion and had issued both domestically and offshore.  

Paul has studied law, commerce, Asian business studies and various other industry related courses.

His current position at Firstmac relates to the provision and maintenance of the company's funding arrangements and the structuring and issuance of the company's debt securities. He has been with the company since early 2002.

Brian Reid, Financial Controller

Brian has been Financial Controller of the group since July 2001.

His previous experience includes working for Sunstate Credit Union for seven years, first as a Management Accountant and then as the Financial Controller. After Sunstate merged with Northern and First State Building Societies, he was appointed Manager Accounting Services, a position he held for two years.

Prior to joining Firstmac he was Finance Manager for a general insurer in Brisbane.

Brian holds a Bachelor of Business (Acct) and is currently a Certified Practicing Accountant (CPA).

Tracey Boyes, National HR Manager

Tracey has now been with Firstmac for 10 years.  This was her first role in Australia after migrating in December 2005 from the UK. Her challenge on joining the team at Firstmac was to help develop and implement effective HR strategies, policies and procedures and provide strategic and operational HR advice and services to a business that was growing rapidly. As a member of the Executive team, Tracey has tried to ensure that there is an integrated approach with ‘people’ policies and decision making that support the overall achievement of business objectives.

In the UK, Tracey was a Chartered Member of the Institute of Personnel and Development and spent more than 20 years in various HR disciplines working for the Lloyds TSB Group. Her final years with the Group were spent as a HR Business partner covering the Insurance and Investment business. This involved the amalgamation of terms and conditions of employment from different businesses acquired by the group, the introduction of a new performance management system that linked to pay, and the provision of a HR consultancy service to the Directors of the business units.

Tracey has been known throughout her Human Resources career for her persuasive style and positive, adaptable attitude in achieving ‘value’ in business terms.  She is an excellent communicator who is able to understand customer needs and influence decisions to the highest level.