Joe Millward

Founding Partner

Joe is a Founding Partner of Epsilon Direct Lending and member of the Investment Committee. He is responsible for the origination, execution and management of growth and event-driven middle market corporate financings across Australia and New Zealand including leveraged buyout and acquisition financings, growth capex funding, recapitalisations and refinancings. 

Joe has 26 years experience, in a career covering direct lending funds management, corporate and investment banking, strategy and operations across Europe and Australia.  Joe was previously the head of a Eur3bn private credit funds management business and successfully managed that portfolio through the GFC.  The business was part of the asset management division of the Royal Bank of Scotland plc where Joe worked from 1999 to 2010.  During his time leading the private credit business which comprised three CLOs and one managed account, Joe originated and executed, traded and restructured hundreds of loans throughout Europe.  He built a publicly available ratings agency track record which demonstrated CLO investor capital was repaid at par, despite the significant impact of the GFC across the European loan markets.

Since moving to Australia in 2011, Joe has been Chief Operating Officer of the Corporate & Investment Banking Division at Bank of America Merrill Lynch Australia and most recently was an Executive Manager in CBA’s corporate bank, responsible for both strategy development and execution, and also oversight of its A$25bn+ general corporate credit portfolio. 

Joe is a fully qualified accountant and fellow member of the ACCA.