StoneX expands into Asia with new fixed income desk

New desk will provide clients within the APAC region with improved access to the firm’s products and services, while also maximising pockets of credit liquidity in an increasingly strained market.

StoneX has launched its institutional credit offering in Asia, expanding the global debt capabilities of its fixed income group into the Asia-Pacific (APAC) region.

The US-based brokerage has established a fixed income sales and trading desk in Singapore, with plans to expand into Australia and Hong Kong – building on the firm’s practice of leveraging local expertise across over 40 offices globally, to offer clients enhanced access to its products and services.

StoneX’s Asia-based desk will provide clients in the APAC region with trading and execution advisory services and cross-border facilitation across the entire credit spectrum.

The new desk will also help maximise pockets of credit liquidity in an increasingly strained market against an adverse macro backdrop.

StoneX’s global fixed income team has product expertise ranging from emerging markets, investment-grade, high yield, and distressed situations, and its new in Singapore-based desk will allow the firm to fully leverage its global distribution network while also serving clients on a 24-hour basis.

“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,” said Anthony Diciollo, global co-head of fixed income at 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.”

Robert Hong has been hired to lead the APAC fixed income desk, bringing considerable experience in the global credit markets to StoneX.

Most recently, Hong served as managing director for Cantor Fitzgerald, overseeing the firm’s fixed income division in Singapore.

Before that, Hong served at Deutsche Bank for over 20 years, responsible for Asia credit and emerging markets trading operations.

“Our fixed income desk brings yet another product suite to the APAC region and emphasises StoneX’s commitment to regional specialisation within a global product offering,” said Greg Kallinikos, chief executive of StoneX.