Patersons launches fixed income joint venture
Stockbroking and financial services firm Patersons Securities is launching a new specialist fixed income and hybrid securities venture with fixed income specialist Bryan Davies.
The new business, Davies and Partners, will produce research, manage assets and advise on fixed income and hybrid capital markets. It will also service a select number of advisers through a number of investment platforms. The business will play a key role in developing Patersons’ institutional fixed income broking business.
Patersons Securities executive Michael Manford said the launch of the joint venture would provide an opportunity for clients who had demonstrated a high demand for new products and services beyond Australian equities.
Davies was a chief executive and co-founder of Yellow Brick Road and was previously head of structured capital markets and co-head of Financial Institutions Group at UBS.
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
