BBY Limited
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| File:BBY Group Company Logo.png | |
| Company type | Private |
|---|---|
| Industry | Financial Services |
| Founded | 1987 |
| Founder | J. William Burdett[1] |
| Headquarters |  Sydney, Australia |
Key people | Glenn Rosewall Executive Chairman & CEO |
| Products | BBY smartTrader |
Number of employees | 64 Australia, 20+ International (2009) |
| Website | www.bby.com.au |
BBY Ltd is an integrated Australian stock broking, corporate advisory and asset management firm, founded in 1987. BBY’s provides financial and advisory services to emerging and mid sized companies and their investors including corporate finance, research, sales & trading, and asset management services. [2]
Background
BBY, formerly known as Burdett Buckeridge Young Limited, was established in 1987 by three former A.C. Goode & Co. brokers, in conjunction with the State Bank of Victoria (SBV). The acquisition of SBV by the Commonwealth Bank of Australia in the early 1990s saw the disposal of their interest and subsequently Jefferies & Co. acquired an interest in the firm.
Since then, BBY has established institutional broking and capital raising services on the back of its research platform. The company has offices in Sydney, Melbourne, London, and Dubai and a strategic partnership with CIMB - GK Securities Pte. Ltd.
In 2005, The Australian Securities and Investments Commission issued a warning against BBY for allegedly failing to manage conflicts of interest for publishing positive research about a corporate client it was advising. ASIC imposed special conditions on BBY's financial services licence.[3]
In 2006, the company completed the acquisition of Jaguar Asset Management Ltd.[4] Two years earlier, in 2004, the two companies had entered into a strategic alliance, under which Jaguar managing director Glenn Rosewall was appointed chief executive officer of BBY.[5]
In 2009, the company was ranked as the 9th overall investment bank in Australia in Business Review Weekly Magazine's 2008 East Coles Survey. [6] One year earlier, in 2008, the company won an International Stevie Award for Best New Financial Product in The 2008 International Business Awards. [7].
External links
References
- ^ J. William Burdett Profile. Forbes
- ^ BusinessWeek BBY Limited Company Overview
- ^ Chinese wall fails: ASIC intervenes at broking house. Sydney Morning Herald, September 22, 2005
- ^ Jaguar Funds About Us
- ^ Rosewall takes BBY post in Jaguar deal. Sydney Morning Herald, September 18, 2004
- ^ The Deal Makers. BRW Magazine
- ^ BBY Limited Wins International Business Awards
- BBY team win Sydney to Gold Coast Yacht Race in 40 Foot Division
- BBY ranked in Top 20 ‘Best Overall Investment Bank' BBY Ltd Media Release
- Revamp for BBY as chair leaves. The Australian, April 19 2005
- BBY taking Australian resources global. Resourcestocks Magazine.