Australian Broker corrects use of East & Partners reference
(9 January 2007 – Australia) An article appearing in the December 2006 issue of Australian Broker, entitled "Brokers dominating equipment finance market", contains a number of errors in citing research published by East & Partners.
In the opening paragraph, the article incorrectly reported that mortgage brokers are originating the majority of equipment finance loans in Australia. The East & Partners research in question refers to third party originators (principally equipment finance and commercial brokers), not mortgage brokers.
The article also incorrectly inferred that brokers are originating the majority of equipment finance loans in Australia, and that this was due to the after sales service they offer and the "shortfall" in offerings from the major banks. Neither of these assertions were findings of the report.
The statement that "GE Money has the biggest chunk of the equipment finance customer market" is also incorrect and is not a finding of the East & Partners Australian Equipment Finance Market report.
Further, East & Partners was not approached by Australian Broker in relation to the article and certain quotes in the article have been incorrectly attributed to Alan Blake of East & Partners.
We understand Australian Broker magazine will publish a correction in their next issue.
For more information please contact:
Alan Blake
East & Partners
T: +61-2-9004 7848
M: +61-416 156 293
E: alan.b@eastandpartners.com
The article also incorrectly inferred that brokers are originating the majority of equipment finance loans in Australia, and that this was due to the after sales service they offer and the "shortfall" in offerings from the major banks. Neither of these assertions were findings of the report.
The statement that "GE Money has the biggest chunk of the equipment finance customer market" is also incorrect and is not a finding of the East & Partners Australian Equipment Finance Market report.
Further, East & Partners was not approached by Australian Broker in relation to the article and certain quotes in the article have been incorrectly attributed to Alan Blake of East & Partners.
We understand Australian Broker magazine will publish a correction in their next issue.
For more information please contact:
Alan Blake
East & Partners
T: +61-2-9004 7848
M: +61-416 156 293
E: alan.b@eastandpartners.com
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