Investment Committee

Blue Quay’s three-person Investment Committee has considerable experience in investment management, credit risk management, and rating of credit and securitised assets (domestically and internationally).

Governed by a detailed charter, our Investment Committee has overall responsibility for the operation and investment decisions for the portfolio. The Committee meets monthly to discuss performance, current and future asset allocation, valuations, macro events and outlook.

Patrick Holt

Executive Director, Chair of the Investment Committee

Patrick Holt started Pepper Investment Management in January 2012 with the Pepper Group. The aim was to launch and manage a number of fixed income and credit focused investment funds tailored for the wholesale investor marketplace. Following 3.5 years of successful track record the management team entered into a management buyout of Pepper’s remaining shares in Pepper Investment Management in February 2016 and renamed the business Blue Quay Investment Management.

Patrick has over 24 years’ management experience in global markets, financial products and the investment management industry. He has worked in depth with securitised and structured credit assets in Australia and globally, on both the buy and sell side. Patrick worked for Deutsche Bank for over 15 years mainly in London where he was a Managing Director running its Emerging Markets, Structured Credit, G7 Credit and G7 FX distribution businesses to asset-side clients. These included hedge funds, long-only managers, bank principal units and sovereign wealth funds. Patrick returned from London in early 2008 to start the Strategic Principal Finance Group for DB in Australia.

Chris Dalton

Independent Member of the Investment Committee

Chris holds a part time role as Chief Executive Officer of the Australian Securitisation Forum – the peak industry association for Australia’s securitisation market. He is also a Director Trustee of the Emergency Services and State Superannuation Fund, which is a $17 billion (AUD) exempt public sector super fund.

He is also an elected Director of the Finance and Treasury Association, the industry association representing corporate treasury and finance professionals. In 2010 he launched Australia Ratings Pty Ltd, which holds an AFSL to operate as a credit rating agency in Australia.

From 2000 to 2008, Chris was the Country Head of Standard & Poor. In this role he was responsible for S&P’s credit ratings, managed fund research, index services and financial data businesses in Australia and New Zealand. His background also includes roles in corporate banking, treasury, technology and auditing.

Belinda Smith

Independent Member of the Investment Committee

Belinda is Chief Executive Officer of Eticore Pty Ltd, a corporate trustee and associated financial services company. Belinda is a highly respected and experienced member of the debt capital markets and managed funds industries, with a specialist technical background in securitisation and structured finance. Prior to founding Eticore in 2016, Belinda held the role of General Manager, Management Services at Perpetual Limited, where she was instrumental in growing the Trust Management, Accounting and Investment Management businesses for Perpetual Corporate Trust.

Prior to joining Perpetual in June 2014, Belinda held a variety of senior roles within debt capital markets in Australia, the UK and Japan, including Director roles at RESIMAC, Australia Ratings, and Standard & Poor’s. Belinda has also held positions at Macquarie Bank and Essential Energy.

Areas of specific expertise include residential mortgage-backed and other asset-backed securities, synthetic structures, infrastructure, insurance and commercial property. Belinda has also been involved in several asset and corporate mergers and acquisitions (M&As), on both the buy and sell side – for energy, residential mortgage and consumer lending product M&As.

Belinda has been an active member of the Australian Securitisation Forum (ASF) for over 12 years, and is a committee member for the ASF Industry & Markets Sub-Committee and the ASF Women in Securitisation Sub-Committee. Over the years Belinda has won a number of leadership and business excellence awards and she is also a NSW Justice of the Peace.