The holding company of Professional Investment Services (PIS) has sought external help in determining the future direction of the dealer group, which could include listing on the Australian Stock Exchange.
Professional Investment Holdings (PIH) has appointed Macquarie Equity Capital Markets to provide assistance in examining the different options available for the most appropriate strategy going forward.
“Professional Investment Holdings is moving into an exciting new phase of its growth,” PIS chief executive Robbie Bennetts said.
“Macquarie will assist in advising the most appropriate strategy to take the company forward.”
If the decision is made to take the group to an Initial Public Offering, PIH has set a target date for early 2008.
