Financial services

BRI Ferrier’s financial services industry experience includes work with FX Market makers, Traders, ASX listed, Responsible Entities, Managed Investment Funds and Insurers.

These operations generally have AFSL requirements, and we have in-depth knowledge and experience dealing with ASIC and other regulators.

KEY PEOPLE

CASE STUDIES

Union Standard International Group

As an FX market maker, USG had operations in Sydney, UK, USA, Taiwan and other locations. This was complex matter involving many millions in assets held domestically and abroad. The liabilities may exceed $200M+, with investors predominantly located offshore.

We have engaged heavily with the regulator ASIC throughout, where investigations and prosecutions have occurred. The matter has also involved substantial litigation as we attempt to unravel and recover the investor creditors funds.

Australian Mutual Holdings Ltd

A Responsible Entity for several registered funds, with compliance issues with ASIC. BRI was appointed to control the Administration and then Liquidation of the entity and funds it controlled.

The assets were realised in an orderly manner, securing over $20M+, maximising the returns to investors. Litigation is also being explored seeking to recover value for the creditors.

Our engagement required us to deal with the regulator ASIC, auditors, insurers and others as we sought to deal with the operations and affairs.

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