Mr Simpson was formerly head of dealing with Western Union, where he was responsible for dealing, key account executive and electronic portfolio management.
In his new role, he will provide fixed-income services to middle-market companies – businesses with an annual turnover of between $10 million and $250 million which, Mr Simpson said, are a key contributor to the Australian economy.
“The middle-market segment is deep, diverse, and contributes in excess of a third of all Australian business revenue,” he said.
FIIG Securities chief executive Mark Paton said Mr Simpson’s appointment will “enhance” the company’s executive-level decision-making, and help the business to grow.
“This sector of the market underutilises fixed income as part of their financial and investment management strategies, mainly because they have been under-serviced by the industry. Our aim is to fill that gap and Mathew will play an important part in that strategy,” he said.
Mr Simpson described middle-market businesses as “typically heavily growth-oriented, resilient, and highly adaptable to change”, adding that many require a bespoke approach when it comes to fixed-income investment.
“FIIG fully appreciates the lack of homogeneity that exists across middle-market sub-sectors, and thus the need to deliver tailored asset or liability-driven solutions, fit for industry specific nuances,” he said.
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