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ForBar buys yet another broker

Tuesday 4th May 2010

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Forsyth Barr has bought a 50% stake in Hawkes Bay-based sharebroking firm Esam Cushing.

Esam Cushing managing principal Paul Clothier said they had looked at various options for the future of their company and regard joining with Forsyth Barr as an extremely positive outcome for clients and staff.

Esam Cushing director Sir Selwyn Cushing said that the directors had considered carefully the interests of clients and staff and endorsed Forsyth Barr as the best option going forward.
"Forsyth Barr is a New Zealand firm that is on the ground in the communities they serve, plus they have the scale to provide clients with the full range of services that are sought nowadays."
Forsyth Barr managing director Neil Paviour-Smith said that the two companies shared the same values and that joining together was a positive step for both firms. 
"Esam Cushing has successfully serviced the local community for many years and we look forward to working with our new partners to continue delivering high levels of service and professional advice for clients".

Forsyth Barr has expanded its footprint from 11 branches throughout the country to what will now be 19 branches with around 110 investment advisors.

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