Sean Oldfield is revolutionizing the mortgage industry with innovative equity loans company, Castle Trust.
Sean Oldfield is a glutton for punishment. In 2002, he gave up a lucrative career in banking to pursue a grueling judo career.
He travelled around Europe on his motorbike, training in different judo clubs, with the aim of competing in the 2004 Athens Olympics.
The Australian, who has been living in the UK for the past 12 years, represented his home country at the Canadian and US opens.
After two years on the road, however, he realized he would never be a world champion.
“I started training at 19, which is very late,” he explained. “Most guys start when they are three. I realized that if I made it to the Olympics, I would probably get knocked out in the first round and end up penniless.”
Mr. Oldfield cut his losses and returned to Macquarie Bank, where he stayed for a further four years. But his desire to take on a new challenge then took him to Moscow, where a burgeoning financial services industry was taking hold.
“I was interested in the mortgage market out there,” he said. “People were trying to buy their homes out of the communist regime. Previously, people had only been able to buy their homes if they had cash. The transfers were literally made with cash, too – big briefcases of the stuff.”
Mr Oldfield set about starting a company but soon attracted heat from the local gangsters. “I ended up getting shot at,” he said. “In Moscow, you need t...