Advertisement
Powered by MOMENTUM MEDIA
lawyers weekly logo
Lender

Non-bank takes stake in building society

by Staff Reporter3 minute read
The Adviser

Staff Reporter

FirstMac has taken a minor stake in one of Australia’s leading building societies.

According to an ASX announcement by the company, the non-bank lender took an 8.5 per cent interest in The Rock Building Society yesterday.

FirstMac’s managing director Kim Cannon said the company lodged the shareholder’s notice in a bid to help The Rock achieve its strategic objectives.

“The FirstMac Group is supportive of the new Board and Management of The Rock,” he said.

default

JOIN THE DISCUSSION

You need to be a member to post comments. Become a member for free today!
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more
You have 0 free articles left this month.
Register for a free account to access unlimited free content, or become a PREMIUM MEMBER to enjoy a wide range of benefits