Australia’s largest specialist fixed-income house FIIG Securities has opened a European subsidiary in response to growing demand for international fixed income and high-yield investments in Australia.
The new European hub, FIIG International Limited, is based in Malta and the firm claims this will enable it to seamlessly operate business across Europe as well as giving European investors direct access to the Australian corporate bond market.
Managing director of FIIG Securities Jim Stening said: “Our new European presence is a natural progression of the strong growth in Australia and is the initial stage in establishing a global footprint for the group”.
Senior global financial markets executive Peter Sorensen, who has over three decades of experience across global financial services businesses, has been appointed chief executive of the European subsidiary.
FIIG has more than 10 billion Australian dollars (€6.25 billion) in assets under advice in its short-term money market, bonds and custody business.
In addition to the new office in Malta, the company has offices in Sydney, Melbourne, Brisbane and Perth.
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