ASX-listed bond broking firm, Income Asset Management (ASX: IAM), has appointed seven fixed income executives, bolstering the IAM Capital Markets team. They will be based in Perth, Sydney and Brisbane and report to IAM’s Head of Sales – Capital Markets, Jenna Labib.
Ms Labib, says the new appointments bring additional fixed income experience and expertise to the IAM team, and mark IAM’s strategic expansion into Perth, extending its reach beyond its existing offices in Sydney, Brisbane, and Melbourne.
Darryl Bruce joins as Executive Director and Head of Western Australia for IAM. Mr Bruce was most recently at FIIG Securities’ where he was state manager for WA, and will spearhead IAM’s entry into the West Australian market.
Ms Labib says: “Darryl brings over 20 years’ experience working in the financial services sector across Australia, UK and New Zealand to the team.
“He has an established track record in fixed income investing and, importantly, in managing a small team as a business. He is a great addition to IAM as we mark our entry into the WA market,” she said.
Accompanying Mr Bruce in WA will be Ellen Allardice who joins as Associate Director-Capital Markets. Ms Allardice was previously an associate director at FIIG Securities.
IAM has also made new appointments to the fixed income sales team in Sydney including Victor Gugger, Sandra Ang, Frederick Stewart, and Nick Lowings.
Mr Gugger brings over 30 years’ experience in financial markets across Sydney, Hong Kong and London to the role.
Ms Ang joins IAM from NAB where she was a Senior Investment Relationship Manager.
Mr Stewart, Mr Gugger and Mr Lowings join from FIIG where they worked for over 6 years in the private clients team assisting investors manage their fixed income investments.
In Brisbane, Harry Roberts joins the sales team as Associate Director.
Ms Labib says that IAM is seeing very significant growth in enquiry from advisers nationally, looking for a transparent way to buy income assets.
“Rates have been rising and competing growth assets face head-winds, it is a great market for Fixed Income.
“Against this backdrop, IAM has forged partnerships with platforms like HUB24 and Netwealth and is proactively building a powerhouse team to capitalise on these favourable market conditions.
“IAM has a vision for the sector’s growth and is committed to bringing client-focused fixed income solutions to Australian investors and establishing a firm foothold as the pre-eminent fixed income broker in Australia.
“With the addition of these new appointments, IAM is well on the way to achieving that goal.”
