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Virgin Money Australia eyes local acquisitions

Staff Reporter 1 minute read

Acquisitions could be on the cards for Virgin Money Australia. The announcement comes after counterpart Virgin Money UK expressed interest in purchasing troubled lender Northern Rock.

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Positioning Virgin Money as “healthy competition to the big banks”, the financial services company’s CEO David Wakeley said they would be open to local acquisitions and would base decisions on the ability to add value to the business and its borrowers.

“Our ambition for financial services means we are constantly looking for opportunities to bring our customers great value for money products and services, innovation and great customer service,” said Wakeley.

 

Virgin Money Australia eyes local acquisitions
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