FIIG looks for new CEO
Fixed income broker FIIG Securities has announced the appointment of founding director Jim Stening as acting managing director effective immediately, pending the appointment of a new chief executive.
The company said the appointment followed the decision by current managing director and CEO, Mark Paton to step down from the role.
It said Paton and the board were exploring a potential role at Gieldan Capital, the alternate debt joint venture between FIIG and MH Carnegie.
Stening founded FIIG in 1998 and was the managing director of the company for approximately 14 years before being replaced by Paton and moving to a non-executive director role.
The company's announcement said the board had engaged an executive search firm to commence the process of appointing a new CEO.
Recommended for you
The merger with L1 Capital will “inject new life” into Platinum, Morningstar believes, but is unlikely to boost Platinum’s declining funds under management.
More than half of the top 20 most popular shares bought by advised investors during the first half of 2025 were ETFs, according to AUSIEX data.
At least two-thirds of ETF flows are understood to be driven by intermediaries, according to Global X, as net flows into Australian ETFs spike 97 per cent in the first half of 2025.
Inflows for the first half of 2025 for GQG Partners stand at US$8 billion, but the firm has flagged fund underperformance could be a headwind for future flows.
