COG Financial Services Limited ( (AU:COG) ) has provided an announcement.
COG Financial Services Limited announced significant changes to its Board of Directors, with Patrick Tuttle, Stephen White, and Mark Crain resigning, and John Dwyer and Tony Robinson joining as Non-executive Director and Non-executive Chairman, respectively. These changes aim to leverage Dwyer and Robinson’s expertise in the insurance broking sector to drive growth in COG’s core Finance Broking & Aggregation business, enhancing shareholder value and attracting new investors. The outgoing directors were praised for their contributions to COG’s growth into a large, diversified national business.
More about COG Financial Services Limited
COG Financial Services Limited (COG) operates in three main sectors: Finance Broking & Aggregation, Novated Leasing, and Asset Management & Lending. It is Australia’s largest asset finance group, representing over $8.9 billion annually in Net Assets Finance. COG’s growth strategy includes organic growth in equipment finance and insurance broking, as well as equity investments in brokers. It also operates in the novated lease and salary packaging sector, capitalizing on tax incentives for electric cars. Additionally, COG’s Asset Management & Lending segment focuses on peer-to-peer lending and equipment finance for SMEs.
YTD Price Performance: -1.58%
Average Trading Volume: 73,522
Technical Sentiment Signal: Buy
Current Market Cap: A$188.7M
For a thorough assessment of COG stock, go to TipRanks’ Stock Analysis page.