Newpark not selling: Gannon
Newpark owner Darren Gannon has scotched rumours that Professional Investment Services (PIS) is buying the group.
Friday, July 25th 2008, 3:48PM
"They are the ones which formed the group, and are where our loyalties lie," he says. "Not with Australians, mate."
He says previous discussions have included talks with suppliers, a mortgage broking group, another insurance group and PIS.
However none of the groups "are adding enough value", he says.
Gannon says Newpark, with 170 advisers, has enough scale now, and is continuing to grow.
"There are no changes to Newpark."
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