Aussie-Lendi merger completed, creating Australia's biggest broker franchise

by Mike Wood04 May 2021

The merger between Lendi and Aussie Home Loans has been completed, with both entities to be henceforth known as Lendi Group.

Lendi CEO David Hyman will now head up the united Lendi Group, with a leadership team beneath him that is drawn from both Lendi and Aussie. The departure of Aussie CEO James Symond was announced last week.

The merger cements Lendi Group as the biggest player in the Australian mortgage broker market, and will see the parent group continue to operate both Aussie and Lendi as independent brands.

Lendi Group will now work across three divisions, Lending, Distribution and Platform. The previous Lendi part will predominantly take on structural role with Aussie’s broker and franchise network working alongside Lendi’s consultancy and specialist lending teams.