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Austbrokers acquires corporate broker

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Austbrokers has announced a partnership with corporate broker and risk adviser KJ Risk Group (KJR), as it continues to step up its growth strategy.

CEO and MD Mark Searles says the acquisition of Sydney-based KJR, which also specialises in alternative risk financing, is a significant milestone.

Its skills in building and managing discretionary mutual funds complement the expertise of the Austbrokers network, he says.

“KJ Risk Group enhances our existing capabilities and provides skills our broking partners can offer to their association and franchise-style clients.”

KJR is broker for one of the largest discretionary mutual funds in Australia, a major international property owner and food retailer, and a leading pilots’ association.

Its founder and recently retired CEO Keith Farrar says Austbrokers’ owner-driver model is “too compelling to ignore”, especially given the need for an orderly succession.

Former COO Justin Niven has taken over as MD.

“I look forward to the value Austbrokers provides for the future growth and success of the business, our staff and clients,” Mr Niven said.

Mr Searles says the owner-driver model will continue to provide a platform for sustainable growth.

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