“Our fixed income desk brings yet another product suite to the APAC region and emphasizes StoneX’s commitment to regional specialization within a global product offering.”
StoneX has announced the launch of an institutional credit offering in Asia that will provide APAC clients with trading and execution advisory services and cross-border facilitation across the entire credit spectrum.
To expand the global debt capabilities of its fixed income group into the Asia-Pacific (APAC) region, StoneX has established a fixed income sales and trading desk in Singapore and has plans to expand to Australia and Hong Kong.
Robert Hong will be leading the APAC fixed income desk. He joins StoneX from Cantor Fitzgerald, where he served as Managing Director, overseeing their fixed income division in Singapore.
Prior to that, he spent more than twenty years with Deutsche Bank, where he was responsible for Asia credit and emerging markets trading operations.
Anthony Diciollo, Global Co-Head of Fixed Income for StoneX, commented: “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.
“With the strength of our U.S. and EMEA offerings, it was a natural progression for us to utilize the geographical diversity of StoneX to further build in APAC. StoneX has a reputation for providing consistent liquidity across a robust array of fixed-income products and our new desk brings proven industry expertise that allows us to connect clients globally in a challenging market environment.
StoneX’s new desk in Singapore will be in charge of unlocking the full potential of the group’s global distribution network, serve clients on a 24-hour basis, and maximize pockets of credit liquidity in times of volatile rates against an adverse macro backdrop.
Greg Kallinikos, Chief Executive Officer of StoneX in Asia, said: “Our fixed income desk brings yet another product suite to the APAC region and emphasizes StoneX’s commitment to regional specialization 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.
“Our regional operations have since grown significantly in tandem with the Group’s strengthening position in both wholesale and retail markets. 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. We continue to leverage our decades of market expertise as well as the financial strength of StoneX Group, to unlock value for our clients and provide best-in-class service.”
Headquartered in New York, StoneX is spread across the world in more than 40 offices to serve over 52,000 commercial, institutional, and global payments clients, and 370,000 active retail accounts.