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Jessica Darnbrough
Having finalised its acquisition of nMB last week, Aussie is now officially on the lookout for other potential purchases.
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Speaking to The Adviser, Aussie’s James Symond said the aggregator was on the “hunt” for other acquisitions.
“We finalised the deal with National Mortgage Brokers just last week and we are hopeful that this will be the first of many purchases for Aussie,” he said.
Mr Symond said the acquisition allowed Aussie to dive into the wholesale aggregation space – an area the company is looking to have greater prominence in moving forward.
“We want to be the biggest and best aggregator and to do that we know we need to work in the wholesale aggregation space as well.”
While nMB will remain a separate company from Aussie, Mr Symond said he has big plans for the aggregator.
“nMB will now have access to all our great resources, which means they can grow to their full potential and offer their brokers even more support and service.”
National Mortgage Brokers' Gerald Foley told The Adviser that while he was excited about the future given that the company would now have access to additional resources, it was largely “business as usual” for the aggregator’s brokers.
“Whilst a very significant event in nMB’s history, the important aspect is that it is largely business as usual in the sense that we will continue to operate as an independent “wholesale” mortgage aggregator, now with the backing of a significant group behind us, with Sal, Kon and I continuing to lead the business on a day to day basis,” he said.
“Over the next few weeks and months we will start the process of identifying and extracting opportunities that we can bring into nMB for the benefit of all our existing brokers while also exploring new growth opportunities.”
