Raising funds in the mid-market
Host Craig West speaks to CEO of Judo Bank, Joseph Healy, about a new offering medium businesses can take advantage of and how to prepare for approaching a bank for financing.
A career international banker, Joseph has held executive positions at NAB, ANZ, CIBC World Markets, Citibank and Lloyds Bank. As Group Executive/Divisional CEO, NAB Business Banking 2008-14, Joseph was responsible for leading Australia’s largest and most profitable Business Bank and SME franchise.
A member of the Chartered Institute of Bankers in Scotland Joseph has authored two books: ‘Corporate Governance & Shareholder Wealth Creation’ (2003) and ‘Chinese Firms Going Global – Can They Succeed (2018). A third book, ‘Breaking the Banks – What went wrong with Australia’s banking’ is out November 2019. Joseph is an Adjunct Professor at the University of Queensland Business School and was a member of the expert panel advising the Deans of Australian Universities.
Judo Bank has released the SME Insights Report that independently interviewed 1,750 SMEs on their experiences when it comes to financing their businesses. Specifically, we sought to qualify the credit gap, which has increased by 9% in a 12mth period to $90bn. We also measure trust in banks which has plummeted further in 12mth to a dismal 2.4/10. All of this and more is found in the report.