Aussie Welcomes Commonwealth Bank of Australia’s Increased Investment : RushPRNews - Newswire & Global Press Release Distribution

 
Bookmark and Share

Aussie Welcomes Commonwealth Bank of Australia’s Increased Investment

December 18, 2012

Aussie Welcomes Commonwealth Bank of Australia’s Increased Investment

Sydney, New South Wales (rushPRnews) 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.

Media Contact Name: Tim Allerton
Media Phone: (02) 9267 4511
Media Web Address: http://www.citypublicrelations.com.au/
Company Contact Name: Fiona Hamann
Company Phone: (02) 8297 0560
Company Web Address: http://www.aussie.com.au/
Click here to see all news from this author/company

Filed Under: BANKING AND FINANCIAL NEWS, BREAKING NEWS, PRESS RELEASE, World News

RUSH PR NEWS newswire and press release services at rushprnews.com / AH Marketing ahmarketinggroup.com

Content- Legal Responsibility - All material is copyrighted - You may repost but you MUST link back to the original post on your page and acknowledge Rush PR News as the news source. Rush PR News is not legally and/or morally responsible for content of press releases, opinions expressed or fact-checking.

Rush PR News cannot be held legally responsible for material published and distributed through its newswire service or published in its press-room and therefore cannot be sued for published material. Third-party must be contacted directly to dispute content.

Rush PR News is not the contact for material published.

RSSFeed PRESS & SOCIAL MEDIA RELEASES

DDC Outsourcing Solutions Expand Further

London 04/19/17 · DDC Outsourcing Solutions (DDC OS) is a well-established...

Genomix Nutrition Celebrates One-Year Anniversary

Austin, TX 04/17/17 · Austin-based nutrigenomic testing company helping patients determine personalized...

Pet Product News: Bugout Keeps Ants Away

SAN FRANCISCO 04/14/17 · Simply Innovative Products Releases Bugout Pet Feeding System...

Claim £400 For The Boiler Scrappage Scheme

BRADFORD, WEST YORKSHIRE 04/05/17 · As the price of energy has hit an...

Bugout Pet Feeding System Keeps Unwanted Ants at Bay

SAN FRANCISCO 04/03/17 · No Mister Ant, You Can't Come to Dinner! Simply...

Charges Announced in Massive Cyber Intrusion Case

Washington, DC 03/15/17 · Two of the Perpetrators Believed to be Russian...

Roc Nation Announces New Start Up Platform, ARRIVE

SAN FRANCISCO 03/08/17 · Roc Nation, a full-service entertainment company founded by...

How to Become a Real Estate Guru

SANTA CRUZ 03/07/17 · Many people often consider investing their finances into...

Worldwide Online Research Project Invites Volunteers to Explore their own Minds

PALO ALTO, CA 03/06/17 · A largely student-led online psychological  investigation called the...

Women, Violent Extremism and the Internet: Empowering Prevention; Dealing with Risk

Ottawa, ON. Canada 03/01/17 · Women, Violent extremism and the Internet: Empowering Prevention...

Twisted Tales Cosmetics | A Daring New Twist on Matte Lipsticks

Vancouver, BC 02/26/17 · Women will be inspired to celebrate their womanhood...

Jennifer Aniston, Matt Damon, Meryl Streep and Many More Announced as Oscars Presenters

Hollywood, California 02/26/17 · Jennifer Aniston, Jason Bateman, Warren Beatty, Sofia Boutella,...

Newborn Foundation Named 2017 Community Impact Award Finalist


Saint Paul, MN 02/23/17 · Winners will be announced at the gala on...

Five Top Tips To Reduce Your Energy Bills

Bradford, Yorkshire, UK 02/22/17 · Here’s Some Great Energy Saving Tips That Work Are...