Patersons launches fixed income joint venture
Stockbroking and financial services firm Patersons Securities is launching a new specialist fixed income and hybrid securities venture with fixed income specialist Bryan Davies.
The new business, Davies and Partners, will produce research, manage assets and advise on fixed income and hybrid capital markets. It will also service a select number of advisers through a number of investment platforms. The business will play a key role in developing Patersons’ institutional fixed income broking business.
Patersons Securities executive Michael Manford said the launch of the joint venture would provide an opportunity for clients who had demonstrated a high demand for new products and services beyond Australian equities.
Davies was a chief executive and co-founder of Yellow Brick Road and was previously head of structured capital markets and co-head of Financial Institutions Group at UBS.
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
