Yellow Brick Road continues its management reshuffle, with the appointment of a general manager lending for the YBR branded branch network. Andrew Rasby has moved across from Aussie Home Loans, where he was New South Wales state manager, to take up the new role. He will be responsible for productivity and lending support for the 160 franchises making up the YBR network. The company's latest quarterly report, issued earlier this week, shows that the company is making some headway stemming the flow of red ink. The operating deficit for the September quarter was A$980,000, compared with a deficit of $1.5 million for the same period last year. Non-compliance with Financial Ombudsman Service determinations continues to grow, with the value of unpaid determinations now more than A$13 million. FOS said that since 2010 a total of 35 financial institutions had failed to make payments under 143 FOS awards affecting 203 people. FOS said: "This is not an issue about FOS's powers, capacity or willingness to enforce our determinations. Rather the problem arises because the lack of financial resources of the firm means there is no effective respondent to legal proceedings." The value of unpaid determinations represents 0.08 per cent of all awards made during the period. AFR's Street Talk says it "understands" a high profile group of investors has set up a new debt investment fund seeking to raise capital from high net worth investors, and that it plans to invest in SocietyOne loans. According to Street Talk, Guy Fowler - one of UBS Australia's most senior dealmakers - is believed to be one of the driving forces, and seeking to get the new fund up above the A$100 million mark in a matter of months. "The pitch is all about giving high net worth investors access to SocietyOne's peer-to-peer lending platform," reports the AFR, noting that an ASX float is a possibility in this scenario. Specialist retailer and distributor of work safety products, RSEA, today completed a A$32 million bond issue as part of a refinance plan. The five-year, secured, fixed rate note issue was made available to wholesale clients only. The sole lead arranger, FIIG Securities, said the issue was oversubscribed. FIIG CEO Mark Paton said this was the third debt issue managed by his firm in the last six weeks, and demonstrated the growing appetite for alternative funding by growth-ready businesses. FIIG has originated 33 bond issues, raising more than $1.3 billion since its first such transaction in September 2012.