On July 26, StoneX Group announced that it has launched its institutional credit offering in Asia, expanding the global debt capabilities of its fixed income group into the Apac region.
StoneX has established a fixed income sales and trading desk in Singapore, with expansion plans in Australia and Hong Kong. With this new fixed income desk, StoneX will be able to maximise pockets of credit liquidity amidst volatile rates against an adverse macro backdrop.
At present, the group has over 52,000 commercial, institutional, and global payments clients, and 370,000 active retail accounts from more than 40 offices spread across five continents.
"Adding a strong fixed income offering in Asia is a significant step toward building a full-service, global, fixed income offering and advances our goal of providing global, 24-hour, fixed income trading,” says Anthony Diciollo, Global Co-Head of Fixed Income for StoneX. “With the strength of our US and Emea offerings, it was a natural progression for us to utilise the geographical diversity of StoneX to further build in Apac.”
Greg Kallinikos, CEO of StoneX in Asia, says that the fixed income desks emphasises StoneX’s commitment to regional specialisation within a global product offering. “In 2019, we significantly strengthened our footprint in Singapore with the launch of an Asia focused derivatives clearing and execution business,” says Kallinikos. “Our regional operations have since grown significantly in tandem with the group’s strengthening position in both wholesale and retail markets.”
StoneX has hired Robert Hong to lead the Apac fixed income desk who has experience in the global credit markets, most recently having served as Managing Director for Cantor Fitzgerald overseeing their fixed income division in Singapore.
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Prior to joining Cantor Fitzgerald, Hong spent over twenty years with Deutsche Bank where he was responsible for Asia credit and emerging markets trading operations.
The institutional credit offering is the latest in StoneX’s expansion into the region, in keeping with the rollout of our trademark boots-on-the-ground perspective across global markets.
