NZ Broker Expands Into New Territory

NZ Broker Expands Into New Territory

AUCKLAND – 5 July 2016. OM Financial Limited (OMF), a leading financial markets brokerage firm, is pleased to announce the opening of a new office in Sydney, Australia. OMF Markets is expected to provide OMF with significant growth opportunities across the Tasman in both their wholesale and retail business.

“The establishment of OMF Markets is a major milestone for the firm as it represents our first move outside of New Zealand in our thirty year history,” said Matt Blackwell, Group CEO. The firm, which also has offices in Auckland and Wellington, will be able to expand their business in the interbank broking, energy & agriculture futures, and foreign exchange services. “We are excited about the opportunities Australia presents to OMF across our product range and the expansion is a key strategic initiative of the firm’s future growth.”

OMF Markets will be based in Sydney’s King Street Wharf and provide services for retail and wholesale clients. The retail side of the business will be focused on providing foreign exchange hedging and payment solutions to Australian clients with a core emphasis on tight pricing and personalised service. The Australia based wholesale division is an extension of OMF’s Wellington based wholesale team that specialise in interbank broking services for banks and financial institutions. “The expansion into Australia allows the OMF group to organically grow in markets where we believe we have ability to build market share, while providing the added benefit of being able to extend our New Zealand hours of business for our wholesale operation,” Matt comments.

OMF Markets is a registered business name of OMF Australia PTY Limited (ACN 608 611 687) and holds Australian Financial Services Licence 485 351.

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