Executive team

Patricia Priest, General Manager, LMI

Patricia Priest

General Manager, LMI

Patricia is General Manager QBE LMI and a Director of QBE Mortgage Insurance (Asia) Limited based in Hong Kong.

Prior to her appointment as General Manager, Patricia was the Deputy CFO in QBE’s Australia Pacific Division. Patricia has an extensive career in financial services holding executive positions in Munich Re and Zurich.

Patricia is a Chartered Accountant, holds the Diploma in Insurance from the Chartered Insurance Institute in the UK and is a graduate member of the Australian Institute of Company Directors.

Paul Coloe, Head of Operations and Claims, LMI

Paul Coloe

Head of Operations and Claims

Paul has more than 30 years’ experience in the mortgage and financial services industry. Prior to his appointment to the Head of Operations and Claims role, Paul held the role of Head of Underwriting since 2015. Paul is responsible for Transformation Initiatives, Fraud Detection, Credit Quality, Claims and Recoveries.

Paul has worked with QBE LMI for the past 27 years.

Working across Australia and internationally, Paul’s previous roles have involved Underwriting, Claims Management, Product Development, Quality Assurance, Relationship Management and Business Improvements.

Jarrod Hugo, Head of Credit, LMI

Jarrod Hugo

Head of Credit

Jarrod has over 20 years’ experience in the banking and insurance industries. Prior to joining QBE LMI, he worked in both major bank and customer owned banking organisations where he held senior roles across various customer facing and credit risk functions.

Originally joining QBE LMI in 2019, Jarrod was appointed to Head of Credit in 2022 focusing on Credit Policy, Delegated Underwriting Authorities, Decisioning Strategy, Risk and Governance.

Jarrod holds a bachelor’s degree in mathematics and finance from the University of Newcastle.

Linda Veltman, Head of Underwriting, LMI

Linda Veltman

Head of Underwriting

Linda has over 20 years’ experience in banking and financial services. She has extensive experience in leadership, with skills in risk, operations, retail and commercial banking, projects, mortgage lending and lenders mortgage insurance. Her people leadership experience has extended across both large and small teams of banking and insurance professionals in conjunction with enterprise leadership of complex cross functional initiatives.

Linda was appointed the Head of Underwriting in 2022 and is responsible for the Underwriting function within LMI, as well as the operational components of premium payments and refunds and portfolio alignments.

Linda’s experience across a number of financial institutions includes roles in Credit Risk Leadership, Quality Assurance, Relationship Management, Policy and Governance and Regulatory and Non-Regulatory Projects.

Paul Dennis, Head of Partnerships, LMI

Paul Dennis

Head of Partnerships

Paul has more than 30 years’ experience in the mortgage and financial services industry and was recently appointed to the Head of Partnerships (November 2022).

Working in the Banking and Insurance industries for the past 30 years, Paul has more than 20 years in Lenders Mortgage Insurance.

Paul’s key focus is engagement working with our Strategic Partners building strong relationships and collaborating with our partners to deliver solutions enabling people to achieve their dream of home ownership.

Paul has previously held roles in Commonwealth Bank (Retail, Group Operations, Business Banking) and RACV (Group Treasury).

Wendy Tsang

Wendy Tsang

Business Unit Head – Regional – Mortgage Insurance

Wendy has close to 20 years’ experience in corporate and commercial lending with financial institutions in Hong Kong and the United States before working in the insurance industry. She was appointed Managing Director of QMI in 2017 and has held the position of Head of Risk Management since 2011 responsible for credit risk management and all operational aspects of the mortgage insurance business.

Prior to joining QMI, Wendy was Manager of corporate lending at Sumitomo Mitsui Banking Corporation in Hong Kong. She has managed business relationship with multinational corporations and participated in IPO transactions and major debt restructuring of syndicated loans. She also developed and handled commercial SME business and real estate loans at Manufacturers Bank in Los Angeles. Wendy has a Bachelor of Science degree in Finance and Business Economics.

Tim See

Tim See

Senior Manager, Strategy and Portfolio Management

Tim has more than 35 years’ experience in banking, insurance and structured finance. Starting his career with 15 years at Commonwealth Bank provided a thorough grounding in banking. Tim eventually became a treasury executive and securitisation expert, which led to a move to Moody’s credit ratings agency to lead its Australian securitisation ratings team. Afterwards, Tim spent more than a decade consulting in Australia and the UK for clients including Macquarie Bank, Alceon private equity and a range of Australian non-bank lenders such as Flexigroup. Tim joined QBE in his current role as Senior Manager Strategy and Portfolio Management in 2016, and brings broad expertise including credit risk, treasury and structured finance across a broad range of asset classes and business models.