StoneX launches institutional credit offering in Asia

Dan Barnes
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Dealer and market maker, StoneX Group, has launched its institutional credit offering in Asia, expanding the global debt capabilities of its fixed income division into the Asia-Pacific (APAC) region.

StoneX has established a fixed income sales and trading desk in Singapore, with expansion plans in Australia and Hong Kong, building on its practice of leveraging local expertise across more than 40 offices worldwide to offer clients unparalleled access to its products and services.

The Asia credit desk will provide APAC clients with robust trading and execution advisory services and cross-border facilitation across the entire credit spectrum. StoneX’s global sales and trading teams have expertise ranging from emerging markets (EM), investment grade (IG), high yield (HY) down to distressed situations, and the Asia credit desk will help the firm to unlock the potential of its global distribution network as well as serve clients on a 24-hour basis. The firms sees the Asia credit desk’s most important role as enabling StoneX to maximise pockets of credit liquidity in these challenging times of volatile rates against an adverse macro backdrop.

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 24-hour credit focus worldwide. 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. 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 hired Robert Hong to lead the Asia Credit desk. Hong most recently having served as managing director for Cantor Fitzgerald overseeing their fixed income division in Singapore. Prior to joining Cantor Fitzgerald, he spent over twenty years with Deutsche Bank where he was responsible for Asia credit and emerging markets trading operations.

Greg Kallinikos, chief executive officer of StoneX Asia.

Greg Kallinikos, chief executive officer of StoneX in Asia, added, “The establishment of the Asia credit desk brings yet another product suite in APAC 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 and in tandem with the group’s strengthening position in both wholesale and retail markets. The Asia 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 markets expertise as well as the financial strength of StoneX Group, to unlock value for our clients and provide best-in-class service.”

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