Mortgage Advice Bureau acquires majority share in Auxilium Partnership

MAB takes 75% stake

Hemma Visavadia
clock • 1 min read

Mortgage Advice Bureau, (MAB) has announced the acquisition of a 75% shareholding in specialist protection service provider, Auxilium Partnership.

Auxilium, which services Directly Authorised (DA) firms, will continue to be spearheaded by chief executive Mark Graves, who retains 25% shareholding in the business. The acquisition will see MAB focus more on DA's to help achieve better performances productive and better customer outcomes, it stated. Commenting on the acquisition, Graves added that the partnership will enable Auxillium to strengthen its proposition further and help more DA firms. "They are the perfect partner for us and have an unprecedented track record of success. I look forward to working with Peter and the tea...

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