The lending solutions arm of Lonsdale Financial Group, Lonsdale Finance Choice (LFC), has entered into a joint venture agreement with Melbourne-based finance and leasing firm Acceptance Finance.
The company said the move followed significant growth in LFC’s business over the last 12 months to June 30, 2010, and that Acceptance Finance would provide LFC with a range of resources to expand its available services.
Lonsdale Financial Group chief Mario Modica said aligning with Acceptance Finance “provided a great opportunity for LFC to enhance its capabilities and overall offering”.
“We are excited about the new range of opportunities and technical expertise this alignment will bring to our network of advisers and their clients,” Modica said.
LFC confirmed there will be no major changes to its team, as Sharon Membrey, associate and client services manager, and Mike Umana, finance manager, will continue to perform their roles within the company.
