Latitude Financial Services: Difference between revisions
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==History== |
==History== |
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The company was originally the Australian and New Zealand operations of [[GE Capital]], the |
The company was originally the Australian and New Zealand operations of [[GE Capital]], the financial services unit of the [[United States|American]] multinational conglomerate [[General Electric]]. In 2015, GE Capital sold its Australian and New Zealand business to a consortium led by [[Deutsche Bank]], [[Kohlberg Kravis Roberts]], and Värde Partners.<ref name="financesmh">{{Cite news| title = GE Finance sold in record-setting deal| work = The Sydney Morning Herald| accessdate = 2015-04-11| date = 2015-03-16| url = http://www.smh.com.au/business/banking-and-finance/ge-finance-sold-in-recordsetting-deal-20150315-144oeq.html}}</ref> The business was renamed [[Latitude Financial Services]] with Sean Morrissey appointed as its new CEO.<ref name=":0" /> |
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==References== |
==References== |
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Revision as of 03:43, 19 November 2018
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| Company type | Private |
|---|---|
| Industry | Financial Services, Insurance |
| Founded | 2015 |
| Headquarters | Melbourne, VIC, Australia |
Area served | Australia; New Zealand |
Key people |
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| Products | |
| Owner | Deutsche Bank, Kohlberg Kravis Roberts, and Värde Partners |
| Website | latitudefinancial |
Latitude Financial Services (abbreviated Latitude Financial or Latitude) is an Australian financial services company with headquarters in Melbourne, Victoria, also doing business in New Zealand under the name Gem Finance. The company’s core business is in consumer finance through a variety of services including unsecured personal loans, credit cards, car loans, personal insurance and interest free retail finance.[1] As of 2018[update] it had around a 6% share of Australia’s personal lending market making it biggest non-bank lender in the Australian consumer credit space.[2]
History
The company was originally the Australian and New Zealand operations of GE Capital, the financial services unit of the American multinational conglomerate General Electric. In 2015, GE Capital sold its Australian and New Zealand business to a consortium led by Deutsche Bank, Kohlberg Kravis Roberts, and Värde Partners.[3] The business was renamed Latitude Financial Services with Sean Morrissey appointed as its new CEO.[1]
References
- ^ a b Drummond, Shaun (2015-11-04). "GE Capital Finance to be renamed Latitude Financial". The Sydney Morning Herald. Retrieved 2018-10-19.
- ^ "Rebranded Latitude fighting the big four over personal lending". Financial Review. 2016-12-19. Retrieved 2018-10-19.
- ^ "GE Finance sold in record-setting deal". The Sydney Morning Herald. 2015-03-16. Retrieved 2015-04-11.