Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Elders Adopts Hanover Name

Elders Adopts Hanover Name


The name Hanover Finance Limited has now been officially adopted by Elders Finance Limited. Effective from today (30 September), the flagship company within the Hanover Financial Services group will be known as Hanover Finance.

Says Mark Hotchin, Chairman of the Hanover Group: “The move by Elders Finance to adopt the Hanover name is ideally timed given that our team has had the most successful financial year ever. The Hanover Group was originally launched off the back of the success of Elders Finance. It is particularly fitting that our cornerstone company will now share the Group name.

“It is a name already well-known and trusted by our current investors and sharing the same name strategically makes good sense. With Hanover Finance now officially the new name for our cornerstone business, we look forward to seeing the name Hanover become well-known by future generations of New Zealanders as one of the country’s leading financial institutions,” Mr Hotchin says.

Hanover Finance, ranked New Zealand’s fourth largest finance company by total assets in the 2005 KPMG Financial Institutions Performance Survey (FIPS), is the most significant of the companies within the Hanover Group, which also includes FAI Finance, United Finance and Nationwide Finance.

Says Paul Cropp, CEO of Hanover Financial Services Ltd: “One of the major strengths of Hanover Finance is our people – both those who operate the business and our valued investors. Our own people are well respected for their business acumen, and consistency and stability in our team has further entrenched this reputation.

“Our consistent track record of solid growth for each of the 21 years we have been established has been strongly supported by loyal investors who continue to show their faith in us. We intend to continue our track record of reliable performance proudly under the new Hanover Finance name.”


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news