Fixed income company FIIG Securities has restructured its operations with its business now acquired by its holding company Driven Holdings.
The restructure will position the company to raise more capital.
The restructure will place the company’s broking operation FIIG Securities and its fixed income business Diverseport Fixed Income under the Driven Holdings banner.
The two businesses, however, will continue to operate as FIIG Securities and Diverseport.
FIIG Securities manages more than $1 billion in advice under management while Diverseport manages about $125 million in fixed income products.
“This capital raising will help us grow our research capabilities, enhance our operating systems, attract more staff and, overall, provide a level of service to our clients that is not available through any other fixed interest houses in Australia,” co-founder of FIIG Securities and Diverseport Jim Stening said.
