BBY Ltd

BBY Ltd was an Australian stock broking, investment banking and asset management firm. It was for some time the largest independent stockbroker in Australia and New Zealand by market share. The group provided financial and advisory services to emerging companies and their investors including corporate finance, research, sales & trading, asset management and broker dealer services. BBY was recognised as the first stockbroker to back Fortescue Metals Group in the early 2000s, among many other well known successful ASX listed corporates. BBY successfully raised over $A10b over its lifetime. 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. The acquisition of State Bank by the Commonwealth Bank of Australia in the early 1990s saw the disposal of their interest and subsequently Jefferies & Co. acquired an equity stake in the firm. Since then, BBY established ins...