FIIG looks for new CEO
Fixed income broker FIIG Securities has announced the appointment of founding director Jim Stening as acting managing director effective immediately, pending the appointment of a new chief executive.
The company said the appointment followed the decision by current managing director and CEO, Mark Paton to step down from the role.
It said Paton and the board were exploring a potential role at Gieldan Capital, the alternate debt joint venture between FIIG and MH Carnegie.
Stening founded FIIG in 1998 and was the managing director of the company for approximately 14 years before being replaced by Paton and moving to a non-executive director role.
The company's announcement said the board had engaged an executive search firm to commence the process of appointing a new CEO.
Recommended for you
Australian fund managers are actively seeking to launch Cayman versions of their funds to attract offshore flows, with Regal Partners set to launch its latest offering this month.
As private markets gain traction in Australia but only a limited pool of talent is available, three recruiters explore whether fund managers should consider looking overseas to find top talent.
With an explosion of private credit managers appearing in the market, two alternatives experts believe a consolidation is needed to maintain the quality of the sector.
Bentham Asset Management has become the latest fund manager to expand its distribution team as it reports increased interest in its credit strategies.
