FIIG Securities has appointed a former QIC director to help the fixed income specialist's growth and direction.
Stephen Mackie joins FIIG Securities' Brisbane office as the director of fixed income. He joins from QIC where he was a director and an investment specialist among the global multi-asset team.
FIIG Securities state manager for Queensland Mark Connors said as a senior member of the team, Mackie will manage investments for clients ranging from individuals to corporates.
Having previously held roles at major investment banks in Australia and abroad, Mackie adds further depth and breadth to the team, Connors said.
Mackie's 25 years of experience in the financial markets involved working in a variety of directorial roles, namely as head of European swaps trading at RBC Capital Markets, head of AUD swaps trading at Citi, portfolio manager at Kapstream Capital and chief dealer in swaps trading at CBA.
On his appointment, Mackie said: "FIIG provides investors with direct bond market access, a unique offering that presents a wealth of opportunity for individuals, corporates and institutions alike. I'm looking forward to contributing to FIIG's work in helping investors access the benefits of corporate bonds in Australia."
FIIG has more than $10 billion in term deposits and corporate bonds under advice in its short-term money market, bonds and custody business.
Connors added: "FIIG is seeing a growing number of investors and organisations interested in fixed income investments, including corporate bonds and short-term money markets, and is growing our team accordingly."
Earlier in the year, the firm announced Simon Michell, who joined in 2007 as a senior dealer, left after 10 years of service.
Michell rose to become an associate director, followed by director of fixed income sales, and a national manager of FIIG adviser services.