Fixed income house, FIIG Securities Limited, has opened its first offshore subsidiary in Europe following substantial growth and demand for international fixed income and high yield investments in Australia.
The new European hub, FIIG International Limited, is based in Malta (EU) and allows the FIIG Group to seamlessly operate business across Europe. The opening of this office is a major milestone, giving European investors more direct access to the Australian corporate bond market.
Managing Director of FIIG Securities, Jim Stening (pictured), says: “The European subsidiary will allow us to more effectively reach our counterparties based in Europe.
“This latest announcement also provides us with the opportunity to introduce European investors to the evolving Australian corporate bond market. 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 will be the Chief Executive Officer of FIIG International Limited. Mr Sorensen has over three decades of experience across global financial services businesses.
“Peter brings strong experience and relationships within the European market to FIIG International. We look forward to the opportunities and further growth he and the new subsidiary will bring to our investors, our issuers and to our brand,” says Stening.
Sorensen says: “There is a great opportunity in Europe for FIIG to engage alternative sources of demand and supply for its client base. Malta will provide us with a strong base in the European Union with access to experienced staff as well as a stringently regulated operating system.”
