17/11/2014 - 15:10

Homeloans founder Holmes dies at 67

17/11/2014 - 15:10

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Founding director of ASX-listed mortgage management firm Homeloans, Timothy Holmes, has passed away at the age of 65.

Homeloans founder Holmes dies at 67
Timothy Holmes leaves behind his wife and three daughters.

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.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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