Gavin Chappell has been appointed as head of loan syndications in Australia at ANZ.
Prior to joining ANZ, Chappell was with Westpac’s Institutional Bank for more than 17 years since first joining in 2000. He was most recently head of asset finance & residual value investment business for Westpac.
Before that, he led the loans and syndications team of the bank. Chappell also has experience in project finance, debt capital markets (DCM) and relationship management from his previous roles in the bank.
“Gavin’s extensive syndications experience will help cement ANZ’s position as the bank of choice for borrowers in the Australian syndicated market,” said Christina Tonkin, managing director loans and specialised finance at ANZ.
In his new role, Chappell will lead the team in Australia and strengthen the bank’s presence in the country amid the changing investor landscape. He will report directly to John Corrin, global head of loan syndications at ANZ.
“If you look at the size of the Australian loan syndications market, 5 percent of that is contributed by non-bank lenders. If you look back five years ago, their share would only have been 2-3 percent. Their share is growing and will continue to grow,” John Corrin, global head of loan syndications at Australian banking group ANZ, told PDI.
ANZ has been involved in many of the major buyout transactions in the country. For example, it was the lead financier of Partners Group’s acquisition of child care centre owner Guardian Early Learning last year. UK-headquartered private credit fund ICG participated in the syndication.