Alex Bank's restricted ADI licence follows several successful fundraising rounds from 2019 onwards which Ashurst also advised Alex Bank on.
Ashurst Partner, Stuart Dullard commented:
"We are very privileged to have been a part of Alex Bank's journey from very early on and are delighted to have advised Alex Bank on its successful application to APRA to become a restricted authorised deposit-taking institution. We congratulate the team at Alex Bank on achieving this tremendous milestone and on becoming a new player in the banking industry."
The Ashurst team was led by Stuart Dullard, Jason Maletic and Kenneth Tang.
