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
Bell Financial Group has appointed a chief investment officer who joins the firm from Clime Investment Management.
Private markets funds with “unattractive practices” could find themselves facing enforcement activity with ASIC chair Joe Longo stating he cannot rule it out in the future.
Despite ASIC concerns about private credit funds being accessed via the advised channel, there are questions regarding how high its usage actually is among financial advisers.
Challenger has looked to the superannuation industry for its appointment of a group chief investment officer, a newly-created role.
