The Asia-based digital wealth management business AGDelta and a consortium of major investment banks such as Goldman Sachs and HSBC have launched what they say is a ground-breaking structured products platform.

The Asia-based digital wealth management business AGDelta and a consortium of major investment banks such as Goldman Sachs and HSBC have launched what they say is a ground-breaking structured products platform.

AGDelta and banks including Barclays, BNP Paribas, Goldman Sachs, HSBC, JP Morgan and Societe Generale Corporate & Investment Banking have rolled out the Contineo platform. It is, they say, the “world’s first industry led, broker neutral multi-issuer platform for equity-linked structured products”.

“This initiative targets to swiftly address the significant cost pressures, inefficiencies, lack of open standards and transparency that plague private banks and wealth management firms when sourcing, quoting and transacting wealth investment products since the global financial crisis,” AGDelta said in a statement.

The investment banks will form the first batch of liquidity providers for the platform. Contineo’s new managing director, Mark Muñoz, will run the operations, based in Hong Kong.