First NZ Capital buys broking business Lockie and Associates

By NZPA

Wednesday 12th December 2007

First NZ Capital announced today that it has agreed to purchase the Hawke's Bay based sharebroking business, Lockie and Associates.

Lockie and Associates was established by John Lockie in 2002 to provide a range of leading investment and portfolio management services to Hawke's Bay investors. Since then, the firm has built a substantial business, generating strong investment outcomes for their growing client base. Continual growth of the company has necessitated formalising the already strong relationship with First NZ Capital, who views the move as one that will strengthen and expand their own wealth management business.

First NZ Capital's Chief Executive, Scott St John, says they are looking to grow further in the next few years, and are looking forward to providing excellent service to their Hawke's Bay and wider New Zealand client base.

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