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Making headlines today, Virgin Money Australia may be looking to enter the mortgage market after returning to the Australian financial services market last year.
According to The Australian Financial Review, Virgin Money managing director Matt Baxby has suggested that the company may look to distribute mortgages through a branch network in the near future.
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Mr Baxby told the paper that Virgin Money was in the midst of a comeback following its partnership with Citibank in late 2009.
Since January 2009 the company has launched a credit card, a car insurance product and is currently in the throes of launching a life insurance product.
And in the not too distant future, Mr Baxby said the company may look to jump on the mortgage bandwagon as Virgin Money looks to broaden its suite of “deep relationship products”.
