About OctetUnlocking a world of business possibilities since 2008

Peter Gammell is currently the Executive Chairman of Invictus Advisory Pty. Ltd and Non-Executive Chairman of Octet Finance Pty Ltd.

Prior to this role he was Chief Executive Officer of Seven Group Holdings and Deputy Chairman of Australian Capital Equity Pty. Ltd (ACE), the Western Australian based holding company associated with Mr. Kerry Stokes. He was the Managing Director of ACE for 21 years which is now one of Australia’s largest private companies.

He has served as a Director of Seven Network Limited from 1996 – 2010.

He was Chairman of the Seven Network Finance Committee and was a member of the Audit committee. He led the creation of the Seven Media Group, a joint venture between Seven Network Limited and the private equity firm Kohlberg Kravis Roberts & Co. in 2006.

He also served as a director of RM Williams Limited and National Hire Limited – public companies listed on the ASX.

In June 2010 Mr Gammell was appointed the Chief Executive Officer of Seven Group Holdings Limited, a public company listed on the Australian Stock Exchange which was formed as a result of the merger of Seven Network Limited and WesTrac Holdings Pty. Ltd. WesTrac is the Caterpillar equipment dealer for Western Australia, New South Wales, Australian Capital Territory and North East China.

Mr Gammell was the Chairman of Coates Hire, Australia’s largest equipment rental company having led the transaction in 2007 to acquire Coates Hire in a joint venture with the private equity firm Carlyle Group.

He was previously a Director of Consolidated Media Holdings Ltd (owner of 50 % of Fox Sports and 25% of Foxtel.)

He currently serves as a Director of Seven West Media Limited a (which was formed in 2011 by the merger of West Australian Newspapers Holdings with Seven Media Group.)

He is a Director of Thinksmart Ltd, a UK based consumer finance company which is listed on AIM in London.

In January 2018 he joined the Board of Directors of One ventures Pty Ltd a Venture Capital Investment management business with over $500m in Funds under management and serves on the Investment and Supervisory committees.

He is also currently the Chairman of Octet Finance, an Australian based Supply Chain finance company.

During Peter’s career he has been instrumental in acquiring and building multi-billion dollar enterprises with in excess of $10 billion of mergers and acquisitions.

Mr Gammell is a member of the Institute of Chartered Accountants of Scotland and holds a Bachelor of Science degree from the University of Edinburgh.

Clive started Scottish Pacific Business Finance Pty Ltd in 1988, which specialised in working capital finance and trade finance specifically for Australian and New Zealand SME’s. In 1991 Bank of Scotland bought into Scottish Pacific Business Finance, which was their first acquisition in Australia. Bank of Scotland sold out of Scottish Pacific Business Finance Pty Ltd in 1997.

In 1998 under the guidance of Clive, Scottish Pacific Business Finance became the first receivable financier to set up a SPV for securitising it’s SME exposures.

By the time Clive sold his company to Westpac Banking Group in 2000, Scottish Pacific Business Finance’s SME turnover volumes exceeded US$4 billion per annum and was the largest Factoring and Invoice Discounting organisation in the southern hemisphere as well as the largest privately owned receivable financing company in the world.

Clive joined the board of the global network of receivable financiers, Factors Chain International (FCI) in 1994 and became the Chairman for two years and continued to be on the board of the association/network until July 2014. The association has over 400 bank members in 75 different countries and represents more than 90% of the worlds receivable finance volumes, which currently exceeds US$3 Trillion per annum. Other directors on the FCI board included general managers from Bank of China, HSBC, Unicredit Bank, National Bank of Canada, TEB Bank Turkey, BB&T USA, Banca IFIS Italy.

Clive was the founder and past chairman of the Institute for Factors and Discounters of Australia and New Zealand, now known as the Debtor and Invoice Finance Association (DIFA). The organisation was formed in 1994 to represent the major providers of the debtor finance market. DIFA promoted the importance of the debtor finance industry to small and medium-sized enterprises (SME’s), trade associations, professional and government bodies.

Clive also spent many years as a Director of Bank of Scotland’s investments in Australia including Bank of Western Australia Holdings Ltd and Capital Finance Ltd.

From 2004 to 2011 Clive served as a non-executive Director of The National Hire Group, which had a 46% interest in Coates Hire Ltd, an Australian general equipment hire company. While there he occupied the roles of Chairman of the Audit Committee, Member of Nomination Committee and Chairman of Remuneration Committee. Clive oversaw National Hire Group’s acquisition of both Allight Holdings Pty Ltd and Sykes Group.

Clive later managed, as an independent non executive director, the business’ acquisition of the Coates Hire Limited business, making National Hire with Allight, the largest hire company in Australia and 6th largest hire firm in the world

Clive established the Octet Group in 2008 which provides technology to global financial institutions specialising in supply chain financing. Clive then introduced Octet Finance Pty Ltd as a financial institution into the Octet Group to provide a complete offering of finance to SME’s for their entire supply chain, utilising Octet’s unique closed community Platform.

In August 2018 Clive successfully completed a $100 million securitisation program for Octet Finance Pty Ltd. Note funders were Westpac Bank and Challenger Group. More recently this program has expanded to $150 million.

In August 2019, Clive oversaw the acquisition of Bank of Queensland’s Debtor Finance portfolio and effective partnership arrangement to deploy our non-competing supply chain finance solutions across the BoQ network.

Brett has over over 15 years of experience in Private Equity, strategy, payments and Finance.

Brett is responsible the overarching and commercial strategy, as well as the corporate growth function in the business, along with being very instrumental in product and sales development and implementation.

Brett’s vision of making Octet the primary platform for business finance and payments, is the foundation that has spawned proprietary developments, including Octet’s Digital Wallet for Business – a powerful tool enabling businesses with a range of funding capability to centralise their payments and finance.

Brett works closely with all business functions to drive growth and market share, namely:

– Creating and driving product opportunities for the business (IE: build new products to monetise customer/market opportunities)

– Driving the salesforce through each layer of sales funnel to achieve market penetration

– Building organic and inorganic opportunities to grow Octet

Due to his expertise, Brett has been instrumental in the recent LBO of the Bank of Queensland’s Business Finance portfolio, managing the valuation and diligence process entirely.

Prior to commencing with Octet, Brett served as a director at The Oxford Investment Group a private investment firm specialising in LBOs across an array of industries including industrial products, manufacturing, services, distribution, consumer hard goods and other selected companies with revenues ranging from $10M to $200M. Oxford has invested in 70+ businesses and has aggregate revenues in excess of $2bn.

Michael currently serves as COO/CTO across the Octet group of companies. He is responsible for ensuring operational success and growth across 6 offices and 50+ team members. Michael also owns the technology function and is instrumental in the design, build and implementation of the Octet Platform, a world class supply chain financing and management platform that interlinks financial institutions, buyers and sellers on a global basis. The platform delivers a powerful digital wallet to clients, enabling their businesses with a range of funding capability to succeed, including a purchases facility that operates as a revolving line of credit, a receivable financing facility and connectivity to existing credit cards and bank lines. Octet’s strategic intent is the primary platform for businesses to manage and finance trade and our vision is a world of growing businesses.

In 2013, Michael co-founded Zip Money (https://zip.co/), a consumer digital wallet that integrates with online and offline merchants at the point of sale and enables consumers to have more choice in their payment behavior. Zip offers two key products, ZipPay that enables consumers to access a payment tool with no interest, and ZipMoney a lending product geared to higher value transactions. Zip listed on the ASX in September 2015 (ASX:Z1P) and has had tremendous market success as outlined in their 2019 Investor Presentation: https://www.asx.com.au/asxpdf/20190822/pdf/447qtjl67wx45g.pdf

In 2002, Michael co-founded Netstarter (https://www.netstarter.com.au/), a digital agency specializing in design, development and integration of enterprise ecommerce. Netstarter established itself as a dominant player in the ecommerce market and amassed tier one retail clients including Athlete’s Foot, Lorna Jane, Pet Barn, Glue Store, Topshop, Dick Smith, Breville, Converse, Jax Tyres, Barbeques Galore, Retail Apparel Group, Sass & Bide and many more. Michael worked to grow Netstarter to a team of 150 strategic, creative and technical specialists across Australia and Sri Lanka before exiting the business in 2013 to Salmat Ltd (ASX:SLM) (https://www.salmat.com.au/company/about-us/press-releases/2013-11/salmat-acquires-netstarter).

Michael was awarded a full scholarship to the University of New South Wales in Sydney Australia through which he holds a Bachelor of Science, Business Information Technology degree with distinction. Michael is also a qualified Chartered Accountant and member of the Institute of Chartered Accountants Australia where he graduated within the top 5% of candidature (Management Accounting).