Ownership changes at SuperCity Mortgages
Just like the guy in the shaver ad, Marchy Pang liked the product so much, he bought the company.
Thursday, March 10th 2022, 6:00AM
by Eric Frykberg
The firm is SuperCity Mortgage and Insurance, and the purchaser is a 16-year mortgage veteran.
Auckland-based SuperCity was established nine year ago and run by Joel Oliver. Oliver has decided to move on to pursue his new passion in healthcare, fitness and digital assets.
Pang joined in 2016 after 10 years selling mortgages for ASB and ANZ.
He worked for SuperCity as a self-employed mortgage adviser for the next six years and has now purchased the company itself, and also became its managing director.
“It has been an awesome ride and now something even better and bigger is here,” Pang said.
“Andrew Chong, Jinsu Kim and I will continue providing service to our clients. In addition our new adviser Tony Hong has started with us this month after 10 years at two major banks.”
Pang says the company has been granted a Class 2 Financial Advice Provider Licence by the Financial Market Authority.
"We are the first 6% obtained the full FAP license in the industry. Now we have all the policies and procedures required under the new legislation and we can focus on doing what we are best at - providing mortgage advice to our clients," he said.
He declined to say how much he had paid for the company.
SuperCity's previous owner, Joel Oliver, had been with the firm for almost nine years.
He too previously worked for ASB and ANZ.
| « Banking business booms – KPMG survey | A win for borrowers; CCCFA changes won » |
Special Offers
Comments from our readers
No comments yet
Sign In to add your comment
|
|
Printable version |
|
Email to a friend |
