INDEPENDENT NEWS

Elders Adopts Hanover Name

Published: Fri 30 Sep 2005 03:23 PM
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.”

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