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LANDMARK | 8 December 2009

Landmark finance relationship with ANZ

Joint open letter (PDF 234 KB)


Australia’s leading agricultural services company, Landmark, has entered a new relationship with Australia & New Zealand Banking Group (ANZ), following the sale of the Landmark Financial Services (LFS) lending and deposit books.


Taking effect from February 2010, the sale will see virtually all the financial services team from Landmark offered roles in ANZ’s specialist agribusiness team.


Landmark has entered into an exclusive referral agreement with ANZ that will see Landmark’s branch network aligning with ANZ’s Regional Commercial Banking business to help bring financial solutions to farmers.


Landmark managing director Graeme Jacobs said the purchase by ANZ and the ongoing links with Landmark’s broader network would generate great benefit for clients, both existing and new.


“Finance can be a very personal business, with some clients having known the rural finance managers and rural finance officers they deal with for many years, so one of the major benefits in this transaction will be continuity of service, with virtually all the LFS team offered roles in ANZ.


“Earlier this year ANZ was recognised as Australia’s best value agribusiness bank by finance rating company Canstar Cannex, with emphasis on its breadth and depth of products targeted specifically for agribusiness; with a record like that I’m confident our new relationship offers great potential for our rural clients,” Mr Jacobs said.


“They will have access to a broader range of financial products and the strength of ANZ as a finance provider.


“Current financial clients won’t lose their links with Landmark, as we continue across our major business channels in merchandise, chemicals, agronomy, livestock, real estate and insurance.


“Then add in the fact that our new relationship with ANZ offers the full geographic spread of the Landmark branch network to assist in client contact and ongoing product development.


“Landmark as a business will be stronger, our clients will have access to a broader range of goods and services and we are working with a leading Australian financial institution; that’s what I call a good arrangement.


“It is similar to the successful alliances we have with various insurance providers, including CGU Insurance Limited, which enable us to facilitate quality insurance products to rural Australia.


“By aligning with experienced financial service providers, Landmark is at the forefront of providing rural Australia with a full suite of financial products that suits their needs.


“Over the next few days all LFS clients will receive a letter explaining the sale and clients should feel free to call their LFS contact to discuss any points for further explanation,” Mr Jacobs said.


Media Inquiries:  Peter McBride 03 9209 2174 or 0417 662 451

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