How Patrick Tuttle built and left Pepper

The new HashChing director and former co-group CEO of Pepper Group, looks back on his career in leadership

1984 - ACCOUNTANCY

Patrick Tuttle’s career started earlier than most, when he was selected as an 11th grader to join Price Waterhouse as an undergraduate accountant once he had graduated high school. “As I was struggling with my career choice, my father had strongly encouraged me to become a chartered accountant.”

1986 - PRICE WATERHOUSE DAYS
Tuttle studied part-time for a bachelor of economics at Macquarie University. He switched to full-time study for the remaining two years after receiving a financial scholarship from Price Waterhouse. After graduating, he returned to the company as a senior accountant and became a full member of the Institute of Chartered Accountants in Australia in 1991. “That was an important milestone.”

1994 - LONDON TRANSFER
In 1992 he married Nicole, who also worked at Price Waterhouse, and they transferred to London for the next three years. An incorrect posting to the wrong business group within the company turned into a stroke of luck, giving Tuttle significant exposure to its mergers and acquisitions practice. “This was a fantastic opportunity and very lucky, given that I was meant to be specialising in financial services audit.”

1997 - BACK TO OZ
On his return to Sydney, Tuttle joined PW’s Sydney Entertainment Media and Communications practice before moving to Macquarie Bank in 1998. “I became the divisional finance director for a range of the bank’s key operating divisions, including Project Structured Finance, the Banking and Property Group, Macquarie Capital, Corporate Advisory Services, and Direct Investments. I reported directly to the bank’s CFO, Greg Ward.”

2001 - JOINING PEPPER
In late 2001, Tuttle joined Pepper Australia as finance director and treasurer. Pepper was then in its start-up phase, with fewer than 10 staff. After a number of years as finance director, he was offered the role of CEO in November 2007. “This was at precisely the time that Australia – and the rest of the world – was entering the global financial crisis. As you can imagine, I wasn’t sure that my tenure as CEO would last very long!”

2007 - CEO AND EXPANSION
As CEO, Tuttle guided Pepper through some challenging times and built and led what is today a global financial services business. He diversified the business into third party loan servicing and was at the forefront of a management buyout of Pepper. “The real game changer for Pepper was when we bought the $5.2bn GE Home Lending business in Australia and New Zealand in August 2011. This transaction set Pepper Group on a path of unprecedented domestic and global expansion.”

2017 - TIME FOR A CHANGE
Tuttle left Pepper in March 2017 as the company was set to return to private ownership. 

2018 - JOINS HASHCHING

As a director of the 690-strong broker finding website, Tuttle is expected to help expand its membership and services.


“I’m extremely proud of leading [Pepper] during the GFC, when many non-bank lenders in Australia and offshore did not survive”

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