ANZ team grabbed

WA-BASED stockbroker Hartley Poynton has recruited eight senior members of ANZ Bank’s margin lending business to set up its own margin lending division.

Hartley Poynton CEO Tim Moore said the ex-ANZ team – including the former divisional manager of the ANZ’s margin lending business James Appadoo – would be based in Melbourne.

The ANZ Bank is currently the third biggest margin lending provider in Australia.