Fixed Income specialist expands to Europe
Australian fixed income specialist, FIIG Securities, has announced global expansion with its new European subsidiary, FIIG International based in Malta, which will allow the group to operate its business across all 28 of the European Union (EU) member nations.
The firm said that the time zone was also expected to bring efficiencies in accessing the US credit markets which would help expand fixed income investment options for Australian investors.
The new subsidiary would be headed by Peter Sorensen, a senior global financial markets executive with over three decades of experience across global financial services businesses.
FIIG Securities’ managing director, Jim Stening said that the announcement was a direct result of the demand the company experienced in Australia for global fixed income investments.
“The European subsidiary will not only allow us to more effectively reach our counterparties based in Europe, the UK and the US, but also provides us with the opportunity to introduce foreign investors to the emerging Australian corporate bond market,” he said.
“We have experienced strong growth servicing our investor market in Australia and this European presence is a natural progression of this growth and is the initial stage in establishing a global footprint for the group.”
FIIG International would provide services, in accordance with its financial services license, for FIIG Securities, primarily to EU and US based professional clients and eligible counterparties.
AUTHOR
Oksana Patron
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