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Aussie Welcomes Commonwealth Bank of Australia’s Increased Investment

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Copyright © RushPR News 2012
2012-12-18 17:16:05 -

SYDNEY, NEW SOUTH WALES - RPR - 12/18/12 - Executive Chairman and Founder John Symond : today agreed for the Commonwealth Bank (CBA) to increase its shareholding to 80 percent, by acquiring a further 47 per cent.
John Symond will continue as Executive Chairman of Aussie and will retain a 20 percent shareholding, while continuing to be involved in the growth and direction of the company.
“We welcome this arrangement as CBA’s increased interest in Aussie is a great opportunity for the company to further accelerate our growth. We now have the opportunity to grow by investing in our product and service offerings and will remain a strong competitor in the mortgage broking :

channel,” said Mr Symond.
Aussie will continue to offer hundreds of home loan : options through its extensive panel of 18 lenders, as well as the range of non-mortgage Aussie products, such as insurance : , personal loans : and credit cards : .
Mr Symond said “We will continue to grow our existing external business relationships with our diverse partners and establish new relationships to ensure we continue to provide a competitive and broad choice of products and services from a diverse range of business partners and lenders to our customers.
“The Commonwealth Bank will give us additional strength to grow and service our customers. We will continue to offer a wide range of options, providing consumers the best options for their needs. It’s business as usual for Aussie,” he concluded.
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