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One of Australia’s largest brokerages is set to become even bigger, with the company’s founder telling its brokers that the business is on the acquisition path.
Speaking at the 2011 Aussie Sales Conference in Melbourne, Aussie executive chairman and founder John Symond said the brokerage was in “growth mode” and had very bullish “future ambitions”.
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“Times are tough at the moment, but the best time to grow a business is during times of uncertainty,” he said.
“Tough times help us see what we are made of. We need to embrace the changes that are occurring in the industry at the moment and grow through them.
“Aussie was born during a period of uncertainty and we will grow during this current period of uncertainty.”
Mr Symond said Aussie had the potential to become the biggest and most dominant alternative to the majors.
“Right now, we have a 4.5 per cent market share, but we can grow. My goal is to be the preeminent non-bank lender in Australia. We have the right branding to make it happen, now we just need the right scale and capacity.”
Moving forward, Mr Symond said Aussie would continue to spend millions of dollars each year on developing new products, services and better systems for its broker partners to help them grow their individual businesses, and in turn, the business as a whole.
“We need to be active in this market. We can’t wait for the future to bring new opportunities, we need to create them now.”
