A significant stake in FIIG Securities Limited‎ is on the market. Jon Lechte, in a posting at Linkedin last week, wrote that "many of my contacts in the Australian fixed income world will be aware that I am amidst a sale process of my 20 per cent shareholding in FIIG Securities. This process is presently being facilitated by FIIG."Lechte, a former head of fixed income for UBS Investment Bank, bought the stake in 2008, joining the board at the time. He stood down in April.He said he had "too much invested" in what was in practice a private, unlisted company that was "illiquid … with very little transparency."Lechte will still hold a small stake in FIIG following the sale of 20 per cent.He wrote: "in the past few weeks I have been contacted by a handful of people who are contemplating investing in the company. I thought I should make an offer to all interested parties."Lechte added that "I do not have any non-public information and do not represent the company in any way - but I am well placed to answer the obvious question - 'why are you selling'?"Returns recently on an equity holding in FIIG are not bad and nor is the top lien. In the year to June 20914 the return on average net assets clipped 20 per cent.Net profit lifted 13 per cent to $13.3 million and pre-tax profit lifted by near 20 per cent to take earnings to $5 million.Revenue picked up ten per cent.