Founded in 1987, BBY Limited was a prominent Australian financial services company that provided a wide range of services including stockbroking, corporate advisory, wealth management, and derivatives trading. For years, it was one of Australia's largest independent stockbrokers. However, the company faced significant financial difficulties, leading to its sudden collapse in May 2015. The firm was placed into voluntary administration and subsequently liquidation, revealing significant shortfalls in client funds and major issues with its risk management and capitalization. The collapse was a major event in the Australian financial industry, triggering extensive regulatory investigation and a complex liquidation process managed by KPMG.

Founded in

Australia