Lendi lays out post-merger strategy

Lendi lays out post-merger strategy

Having wrapped its first month post-merger with Aussie, Lendi’s chief has given some insight into the company’s plans for the coming years.

Lendi’s merger with Aussie finalised at the beginning of May, forming what it reported as the largest retail mortgage brokerage.

In the first month of operating as a combined unit, Lendi Group has reported positive results, giving it a “strong foundation to build from”, according to chief executive David Hyman.

The next phase is what he has described as “getting the Lendi platform ready”.

“The plan is to migrate the Aussie brokers onto our platform over the next couple of years. And as part of that, the team is really focused on doing all the things we need to do to get that ready,” Mr Hyman told The Adviser.

“It’s exciting times, because we are really passionate about creating a very different proposition for the market, whether you’re a customer or a broker, and we think we’re well on track to do that.”

The chief has envisioned a marriage of forces between the in-person retail experience, with Aussie’s 200-odd retail shopfronts and Lendi’s digital platform, backed by tens of millions of dollars in technology investment.

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Source: Lendi lays out post-merger strategy – The Adviser