Expansion and acquisitions
In 2006, the company completed the acquisition of Jaguar Asset Management Ltd.[5] 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.[6]
In 2008, the company also won the Best Corporate Deal of the year in The Australian Stockbrokers Foundation Hall of Fame 2008.[7] Soon afterwards, BBY established a partnership with CIMB, Malaysia's second largest financial services provider, and fifth largest in Southeast Asia by total assets.
By 2010, BBY averaged client orders per day greater than $150 million, placing it as Australia's fourth-largest domiciled stockbroker.[8]
In 2011, BBY acquired the private client advisor network from Australian-based StoneBridgeGroup. Combined, BBY and StoneBridge's private client businesses host more than 80 advisers, plus support staff. Services offered include equities and options trading, futures, warrants, over the counter trading, currency, funds management, portfolio administration and reporting.[9] Shortly after completing the StoneBridge acquisition, BBY began self-clearing with GBST's equities clearing and settlement platform, Shares. BBY moved to the fully integrated version of GBST Shares, which includes derivatives, shares, risk, front office and infrastructure hosting and is expected to provide greater scale for the BBY business.[10] BBY continued to rank ninth in the "Best Overall Investment Bank" survey by East Coles.[11]
As of June 2012, BBY was ranked 10th overall in Australia by equity volume.[12] BBY achieved its best rankings to date in the 2013 East Coles Independent Bank Survey, winning Best Investment Firm, Best Equity Capital Markets Firm and Best Equities Research.[2]
In 2013, BBY acquired a majority stake in New Zealand's "Edge Capital" and subsequently opened up its offices in Auckland and Wellington.[13] BBY won the Best Investment Firm, Best Equity Capital Markets Firm and Best Equities Research in the 2013 Coles Independent Investment Bank Survey, while also becoming the first broker to break through the $1 million mark for a single order on Chi-X Australia. As of 2013, BBY had over 110 client advisors and 300 broker dealer advisors.[2]
A year after the acquisition of New Zealand private client advisory firm Edge Capital, BBY launched its China Desk. The BBY China team deals with Chinese expatriates, as well as Mainland Chinese clients. In early 2014, BBY was announced the winner of a bronze Stevie Award for the Best Management Team across the Asia-Pacific region.[14]
