Resimac Group Completes Acquisition of AU$1.5 Billion Westpac Auto Finance and Novated Leasing Portfolio

MT Newswires Live

2025/03/03

Resimac Group (ASX:RMC) completed the acquisition and migration of Westpac Banking Corporation's (ASX:WBC, NZE:WBC) auto finance and novated leasing portfolio worth AU$1.5 billion, according to a Monday Australian bourse filing.

Resimac's total assets under management are now AU$15.7 billion.

Its interim chief executive Susan Hansen said the firm "will continue to assess further acquisition opportunities that align with our growth and diversification objectives."

Its shares rose a little over 2% in recent trading on Monday.

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