Connective today announced that its members have recorded their best ever settlement month. Settling just over $2 billion for the month of October, the group reached this milestone in the same month it celebrated 10 years in operation.
Connective principal, Glenn Lees, said the group is enjoying strong momentum, with solid growth in all markets. October also saw additional milestones toppled with the aggregator’s asset finance arm Connective Plant & Equipment eclipsing previous settlement records.
“We have achieved consecutive settlement records in May, June and July of this year, and predicted we would reach our next major milestone of $2 billion in settlements by the end of the calendar year.”
“This milestone reflects both the increasing number of brokerages choosing to join Connective, but also the increasing productivity of our existing membership,” he said.
“We are incredibly proud of the high calibre brokers we support, and this milestone is testament to their dedication and professionalism.”
Connective now boasts over 1,900 member brokers and a loan book in excess of $47 billion.
The announcement comes shortly after the group revealed it had sold a 25% share to Macquarie
Bank Limited late last week.