Australian fixed income provider FIIG Securities has launched a new offshore business that will allow it to establish business operations in all 28 European Union member nations.
According to a statement from FIIG, the Malta-based subsidiary FIIG International Limited will provide Australian investors with more fixed income investment options as well as greater ease in accessing American credit markets.
The subsidiary “will provide services, in accordance with its financial services licence, for FIIG Securities Limited (Australia), primarily to EU- and US-based professional clients and eligible counterparties”, the statement said.
FIIG Securities managing director Jim Stening said the expansion was due to domestic demand for international 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.”
The company is looking to expand its services for financial advisers.
The FPA has developed a new SOA video toolkit to guide members.
“All advice should be regulated in a similar way”, a financial services firm has argued in its QAR submission.
Get the latest news! Subscribe to the ifa bulletin
Get notifications in real time and stay up to date with content that matters to you.