Assured Management Limited is the Responsible Entity that promotes, advises and manages mortgage investments in the Assured Mortgage Fund. Assured Management Limited was first issued with a Securities Dealers Licence by the Australian Securities & Investment Commission in November 1999 and now holds an Australian Financial Services Licence. To obtain this Licence, Assured Management Limited satisfied ASIC that it had established and maintains adequate training, supervision and compliance procedures.
The Manager's principal responsibility is to conduct the business of the Fund in a proper and efficient manner and to comply with the Fund's Constitution and the Corporations Act. The Manager's role is to identify, hold and manage the Fund assets. Our responsibilities, powers and duties are set out in the Fund's Constitution.
Stephen John Davoren is the Managing Director and has been extensively involved in mortgage lending and property development since 1978. Stephen has resided on the Gold Coast for his entire life, has extensive knowledge in the area and the cycles the property market has experienced. Stephen is a permanent member of the Loans Approval Committee, and is also a member of the Credit Committee. Stephen is actively involved in all aspects of the business from setting policies and procedures and the implementation thereof to recovery and default work. Stephen is a qualified Solicitor in Queensland and New South Wales and is also the Senior Partner and Former Managing Partner of Davoren Associates Solicitors.
Michael Joseph Coman, Director, holds a Bachelor of Business Degree, majoring in accounting, from Griffith University and a Bachelor of Law Degree from Queensland University of Technology. Michael has completed the Financial Planning Principals & Practice via the Securities Institute of Australia. Michael is a qualified Solicitor and also the Managing Partner of Davoren Associates Solicitors. His knowledge in the business and accounting areas is important to the Fund's operations.
Nicholas James Davoren, Director, holds a Bachelor of International Finance Degree from Griffith University and a Diploma in Financial Services. Nicholas has been working with Assured Management Limited since January 2005 and has taken an active role in Credit Committee Meetings, Loans Assessment and Approval and Board Meetings.