NEWS RELEASE
Forsyth Barr Acquires Ashburton Broking Firm
Forsyth Barr today announced that it has acquired the business of NZX Firm Ross, Sinclair & Co. of Ashburton with effect from 1 October 2008.
Forsyth Barr Managing Director Neil Paviour-Smith said that the mid-Canterbury region has been experiencing strong
growth in recent years and the acquisition provides an established presence in Ashburton. “The Ross Sinclair business
has successfully serviced the local community for over 40 years and we look forward to continuing to deliver high levels
of service and professional advice through the 4 investment advisors that join Forsyth Barr as a result of this
purchase”.
Ross, Sinclair & Co. Managing Principal Ian Lennie said they had carefully considered the options for the future of their business and
regard the sale of the business to Forsyth Barr as an extremely positive outcome for clients and staff. “By joining a
large and nationwide company, it will provide clients with access to high quality research, systems and investment
reporting as well as a full range of products and services to ensure we can continue to meet the investment requirements
of our clients”.
ENDS