Ex-Dunedin man buys development

Alistair Jeffery
Alistair Jeffery
Alistair Jeffery, the founder and chairman of Bluestone Group announced yesterday he had bought the troubled Bendemeer Development, near Lake Hayes.

•  Bendemeer buyer explains vision

Mr Jeffery is formerly from Dunedin and his parents still live in the region.

After leaving the University of Otago with a mining degree, he went to London to complete a PhD before going into banking with Goldman Sachs in the 1990s.

In 2000, he established Bluestone, a specialist lender. After seven years as the chief executive, he was appointed executive chairman of the company.

His background and experience, together with hands-on knowledge of the specialist mortgage industry in the United Kingdom, has enabled Bluestone to quickly become a leader in Australia.

Mr Jeffery moved back to the UK in 2009 to establish Bluestone UK, based in Cambridge. The company also has an office in Spain.

He told the Otago Daily Times he retains close ties with New Zealand, with his parents still living here. He comes back to the country about once a month.

Bluestone's website said Mr Jeffery's knowledge of non-conforming residential lending was instrumental in him being directly involved in establishing one of the United Kingdom's leading non-conforming mortgage lenders.

He was responsible for overseeing the origination company, and managing the restructuring and execution of the securitisation of mortgages.

 

 

Add a Comment