MPA Hot list 2013: Patrick Tuttle
Who: Patrick Tuttle
What: Co-Group Chief Executive Officer
Where: Pepper Group
Pepper may have ultimately conceded defeat in the bidding war for RHG, but elsewhere it’s been a successful 12 months of expansion for the company. In 2013, Pepper was added to Aussie’s lender panel; acquired a $250m small-balance commercial mortgage portfolio from Citigroup; updated its suite of mortgage products; and announced its second public securitisation issue utilising prime loans originated by the GE Capital Australian mortgage portfolio (acquired by Pepper in 2011). This is a company that’s on the move.