Homeloans founder Holmes dies at 67

Founding director of ASX-listed mortgage management firm Homeloans, Timothy Holmes, has passed away at the age of 67.

In a statement today, the Perth-based company’s co-founder, Rob Salmon, said Mr Holmes was a giant in the mortgage industry.

“He had a true passion for the business, was a great communicator and an inspiration to so many people who have worked in our company over the past 30 years,” he said.

Mr Holmes and Mr Salmon established International Financing & Investment, and then IF&I Securities in 1990, which became the predecessor to Homeloans.

Homeloans listed on the ASX in 2001, and Mr Holmes was the company’s chairman from 2003 onwards.

The company’s non-executive director Robert Scott has been appointed as chairman of Homeloans in Mr Holmes’ place.

Mr Scott is also a finance director of Wesfarmers-owned Coles, and is a non-executive director of Lonestar Resources.

He was also previously chairman of Manas Resources and a non-executive director of Sandfire Resources and Neptune Marine Services.