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MEDIA STATEMENT:
For immediate release
DATE: 9th July 2014
RESI MORTGAGE CORPORATION WELCOMES YBR
Earlier today the Board of Yellow Brick Road Holdings Ltd (ASX: YBR) (“YBR”) announced that it
has entered into an agreement with privately owned mortgage manager and originator RESI
Mortgage Corporation to acquire 100% of the shares in the company.
Mr Peter James, Managing Director of RESI Mortgage Corporation said “the new ownership is an
important strategic move for the business, set to deliver outstanding opportunity for
diversification, innovation and growth.”
“Both companies share a common vision” he said “to provide a genuine diversified “non-bank”
alternative for the benefit of the Australian borrowing public. YBR’s capability in relation to
product development, marketing and wealth management services will enhance the capacity to
achieve this very important goal.”
As a franchise organisation, RESI has built a sound brand presence as one of Australia’s leading
“non-bank” lenders. With over 40 branches across Australia; its reputation has been built on a
solid foundation of strong management, a diversified funding platform and exceptional customer
service. The strength of the RESI business and brand has been underpinned by key positioning as
a leading consumer champion and advocate in the financial services space.
“The RESI business will continue as a separate brand and will maintain its current management
structure with Angelo Malizis remaining as CEO” said Mr James. “The YBR Group intends to build
on the RESI brand strength and has a number of properties, products and platforms which they
plan to introduce to RESI franchisees for the benefit of their customers.”
RESI will take up its position alongside other corporate properties within the YBR group. “Our
strength as a national retailer of mortgage products is a perfect fit for the YBR business model,
and I am excited about the future ahead” said Mr James.
“As our business continues to grow under new ownership, we will ensure that our industry
reputation as a trusted, valued and competitive mortgage lender is not only preserved, but
enhanced for the benefit of our existing and future customers.”
resi Mortgage Corporation Pty Ltd
3/458 Wattle St, Ultimo, NSW 2007
Tel 136 126
E-mail [email protected]
ABN: 61 092 564 415
Australian Credit License: 390669
For more information, contact:
Lisa Montgomery
Head of Communications
Resi Mortgage Corporation
M: 0414592553
E: [email protected]
About RESI Mortgage Corporation:
Resi is an award winning, market leading non-bank lender, specialising in home loans, commercial
loans, investment loans and financial services. RESI is an Australian owned and operated lender
with almost 30 years experience dedicated to providing Australian’s with low cost, innovative
products to help them ‘own their dream’. Resi provides a full service operation that includes,
local lending specialists, and an Australian based customer service team.
ENDS
resi Mortgage Corporation Pty Ltd
3/458 Wattle St, Ultimo, NSW 2007
Tel 136 126
E-mail [email protected]
ABN: 61 092 564 415
Australian Credit License: 390669