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This profile was last updated on 7/2/13  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. Michael Reeves

Wrong Michael Reeves?

Chief Executive Officer

Lombard Group
 
Background

Employment History

Board Memberships and Affiliations

40 Total References
Web References
Lombard Finance directors Lawrence ...
www.nzherald.co.nz, 2 July 2013 [cached]
Lombard Finance directors Lawrence Bryant, Bill Jeffries, Michael Reeves and Sir Douglas Graham. Photo / Mark Mitchell
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Lombard Finance directors Lawrence Bryant, Bill Jeffries, Michael Reeves and Sir Douglas Graham.
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Michael Reeves and Bill Jeffries, also a former justice minister, were sentenced to nine and eight months of home detention respectively.
Proposal to restructure Lombard Group Limited: Australian Consolidated Insurance Limited | Insurance Services Group
www.australianconsolidated.com.au, 2 July 2009 [cached]
Mr Reeves, Chief Executive of Lombard, commented that after very careful consideration of the prospects of Lombard and its existing business, and very much endeavouring to act in the interests of all shareholders, LOM had identified a transaction with ACIL as an exciting opportunity for LOM.
...
LOM's Chief Executive Michael Reeves commented that "The Board recognised that Lombard's business focus needed to change and we are delighted to now be in negotiation with ACIL to address that need."
"ACIL is a company with a proven track record, providing LOM with the opportunity for diversification into the insurance services sector.
"We have a lot of work to do to provide LOM shareholders with the information they need to consider this proposal and every step possible will be taken to ensure that shareholders understand what is proposed and that all shareholders are treated fairly. " Mr Reeves said.
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Michael Reeves Chief Executive Officer Lombard Group Limited Tel: +64-4-499 7365
Michael ...
www.crmz.com, 15 June 2008 [cached]
Michael Reeves
Chief Executive Officer, Non - Independent Director
Lombard Group Limited
Listed finance company Lombard Group's ...
www.goodreturns.co.nz [cached]
Listed finance company Lombard Group's mortgage broking operations won't necessarily be aware if clients, gained through the businesses bought from Blue Chip last year, are in financial difficulty, says Lombard managing director Michael Reeves.
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Reeves says it also bought a sister company, Executive Mortgages, from Blue Chip at the same time and that between 60% and 70% of Executive's business was sourced from the Blue Chip group.
The price Lombard paid for the businesses wasn't disclosed although Reeves has previously said the price was dependent on an earn-out clause.
Tasman and Executive arrange mortgages for their clients sourced from wholesale finance providers such as AMS.Reeves says they use other funders but wouldn't name them.
"If somebody has come to Tasman and they've said, we want to get a mortgage because we want to buy a property, who they're buying the property from isn't really the issue to the lender," Reeves says.
Whether clients were given a rental guarantee that isn't being honoured or whether they haven't received rents due to them "has got nothing to do with the broker nor the lender," he says.
"The vast majority (of clients), from what I've seen in the last few days, are continuing to pay their mortgages.I must say, I certainly feel for anyone who's purchased an apartment on the strength of a rental guarantee that doesn't exist now."
While Tasman and Executive have arranged some no-doc or low-doc loans, Reeves says he can't say what percentage of total lending they account for.
Clients who do run into difficulties won't have any come-back against either Tasman or Executive, Reeves says.
Lombard Finance directors Sir Douglas ...
www.nzherald.co.nz, 10 Mar 2012 [cached]
Lombard Finance directors Sir Douglas Graham, Michael Reeves, Bill Jeffries and Lawrence Bryant in the High Court at Wellington. Photo / Supplied
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Lombard Finance directors Sir Douglas Graham, Michael Reeves, Bill Jeffries and Lawrence Bryant in the High Court at Wellington.
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Graham was chairman of Lombard Finance & Investments and Jeffries a fellow director along with Michael Reeves and Lawrie Bryant.
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According to the minutes of the September 26 board meeting chief executive Michael Reeves expressed "his concern at the future viability of finance companies which relied on funding from the issue of debenture stock".
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