Experience
Financial Services
Australia’s four pillar bank network has provided incredible stability for the Australian economy, while the economic boom and low interest rates over the past 10 years has led to more competition and the rise of non-bank lenders.
The result has been the development of new trade finance providers, non-bank mortgages and retail finance providers including BNPL.
Key Challenges
- Australia’s open banking platform and traditional four pillar banking system has created one of the most stable regulated banking payments systems in the world. What we lack in scale is made up for in our ability to create new and unique payment programmes, which make us market leaders. This is not without its challenges. The BNPL sector grew on the back of consumer demand in the past few year but has now seen a rapid decline as interest and inflation risk create consumer uncertainty.
- The financial planning market which saw consolidation into the main banks to cross sell products has resulted in sales and demergers in the wake of the Banking Royal Commission, weighing on net interest margins and causing industry profit margins to fall over the past five years.
- Business confidence, consumer sentiment, residential property market conditions and global growth prospects will likely dictate the financial services industry’s performance. Overall, the industry’s outlook is forecast to be positive over the next five years, with industry revenue forecast to grow at an annualised 7.8% over the next five years through 2026-27, to $269.5 billion.
Our experience
Olvera principals have worked on a number of high profile financial restructures, including the solvent wind down of Babcock & Brown, the first Deed of Company Arrangement on Lehmans Australia and the acquisition of securities brokerage
Our affiliate Olvera Capital is an authorised representative under AFSL 519985 to provide general advice and debt advisory.
Case Studies
Our case studies only include publicly identified clients.
