Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement
News
30 June 2025 by Miranda Brownlee

Economic uncertainty to impact private credit in short-term: IFM Investors

Uncertainty around tariffs and subdued growth may lead to some short-term constraints in relation the private credit market, the fund manager has said
icon

Markets are increasingly desensitised to Middle East risks, says economist

Markets have largely shrugged off the recent escalation in the Middle East, reinforcing a view that investors are now ...

icon

State Street rebrands US$4.6tn SSGA investment division

State Street has rebranded its State Street Global Advisors arm, which has US$4.6 trillion in assets under management, ...

icon

VanEck reports investor uptake as ASX bitcoin ETF grows to $290m

Australia’s first bitcoin ETF has marked its first anniversary on the ASX, reflecting a broader rise in investor ...

icon

UBS lifts S&P 500 target to 6,200, flags US equities as global portfolio anchor

UBS has raised its year-end S&P 500 target to 6,200, citing easing trade tensions and resilient earnings, and backed ...

icon

Markets ‘incredibly complacent’ over end of tariff pause, ART warns

The Australian Retirement Trust is adopting a “healthy level of conservatism” towards the US as the end of the 90-day ...

VIEW ALL

Tricom aims to snare 91 brokers

  •  
By Stephen Blaxhall
  •  
4 minute read

Domestic and Asian expansion plans will see Tricom target competitors staff as it looks to increase its footprint in the region.

Financial services group Tricom plans to recruit 91 brokers this year as part of an aggressive expansion plan in Australia and Asia.

The firm, which has already hired 10 brokers, plans to rake Australia's financial services industry in order to fill the positions.

"The company has done well over the last couple of years and wanted to invest some of that back into the group to ensure that we continued to grow," Tricom chief financial officer Werner Stals said.

"We are looking to add big numbers, about 60 more countrywide and some overseas, in total 91 by the end of the year."

 
 

Tricom has targeted 20 new brokers for Sydney, 14 for Melbourne, 10 on the Gold Coast and eight in Adelaide. The group is also targeting markets overseas.

It is due to receive its New Zealand trading licence and will add brokers to its existing Auckland and Wellington offices, as well as looking to open operations in Asia.

"We are investigating opportunities in China, Hong Kong and Singapore. If you want to cover the region you have to be there and we are looking to make this happen in the next year," Stals said.

Tricom has completely refurbished its Gold Coast and Adelaide offices, and in April moves to larger premises in Sydney.

The new office located at Governor Phillip Tower will hold almost double the group's existing broker numbers.

"Once you put the infrastructure in place, every day that you don't put a body in a seat you're losing out," Stals said.