Loan Market gets a bit of Ginger
Loan Market chief executive David Hart described it as a "win-win for both companies."
"The partnership will bring benefits to both groups in that we will be able to offer a more comprehensive range of products to our respective clients. Our clients will also have access to products and expertise that they may not have had in the past," Hart said.
Hart also highlighted Ginger Group's insurance industry training systems as among the best in Australasia. He said that at present, when it comes to insurance products "we only offer the bare basics" and that the partnership will greatly expand this range to include specialist insurance products such as specific types of business insurance.
Ginger Group chief executive David Whyte also said both parties would benefit from enhanced scale, allowing them to offer advisers a comprehensive range of products and services and to help ring-fence clients and protect the client-adviser relationship against "incursion" by other institutions.
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