BEN boosts Leveraged Equities
Bendigo and Adelaide Bank (BEN) today announced it intends to boost investment into its margin lending business Leveraged Equities (LE) in response to early stirrings in investor confidence.
LE will have its own place at the bankís Executive table with the appointment of current Head of Wealth Markets, Alexandra Tullio, to a new Executive role beginning immediately.
BENís Managing Director, Mike Hirst, said the business had already moved to hire key senior staff charged with further enhancing LEís reputation for high-touch service.
Mr Hirst said BEN had moved quickly to increase investment into LE as it sensed improvement in investor sentiment that it expects to flow through into increased borrowings.
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