ASIC has cancelled the Australian financial services (AFS) licence of VIG Asset Management Pty Ltd (VIG) effective 8 December 2022.

The licence authorised VIG to deal in interests in managed investment schemes to wholesale clients.

ASIC cancelled the licence because receivers and managers were appointed to the property of VIG. Philip Campbell-Wilson and Matthew Byrnes of Grant Thornton were appointed as joint receivers and managers on 25 June 2020.

VIG may apply to the Administrative Appeals Tribunal (AAT) for a review of ASIC’s decision.

Background

VIG has held AFS licence no. 225867 since 20 March 2003.