AltX appoints Giamol Pasin as head of property risk

AltX appoints Giamol Pasin as head of property risk

AltX announces the appointment of Giamol Pasin as Head of Property Risk at the AltX Group.  Giamol has 30 years’ experience in the property industry as a valuer of all classes of property related assets.

Giamol commenced his career as a property valuer for a number of practices before accepting a position as the Director of Property Risk for the Westpac Banking Corporation, a position he held for several years.  His role at Westpac included assessing the viability of large commercial and development asset deals for bank lending purposes.

Giamol then founded CivicMJD Valuations (“Civic”) in 2007, which he grew into a large valuation practice with some 25 commercial valuers across offices in Sydney and Melbourne.  Civic serviced many of the leading lending institutions in Australia with a focus on commercial, development, going concern and prestige residential first mortgage property valuations across all value levels.

Giamol also has an active interest in the property development market and is on the advisory panel to a private family office.

Commenting on the appointment, AltX Co-Ceo Steven Beinart said, “We are extremely pleased to have attracted someone of Giamol’s calibre to join the AltX Team.  We have worked with Giamol for several years, and he shares the Group’s conservative ethos on property appraisals.  We are confident he will very quickly prove a valuable addition to our Team.”

Nick Raphaely, AltX Co-CEO remarked, “The AltX business has grown substantially in recent years, and having Giamol on board will be of immense benefit to our investors. There will be few lenders in the market who can lay claim to someone with his breadth of experience in-house across a range of property asset classes over several decades of property cycles.”

Giamol Pasin noted, “I have worked closely with Steven and Nick for many years.  I am extremely impressed with how they have grown AltX, underpinned by a relentless focus on protecting capital for their investors.  I’m excited to be able to lend my expertise to support the further growth of the AltX Group.”