Vontobel Adds Structured Product Distributors To Asia-Pacific Platform

Tom Burroughes

18 March 2015

Vontobel Financial Products, part of Swiss bank , has added four regional and international structured product distributors - LGT, Maybank, KGI Securities and Union Bancaire Privée - to its deritrade® Multi Issuer Platform in the Asia-Pacific market, it said yesterday.

Deritrade® MIP brings a “front-to-back” offering to distributors and issuers in Asia by automating the price discovery of structured products and the value chain from the point of issuance to distribution and post-trade life cycle management, Vontobel said in a statement. The lower overall costs for distributors will translate into more yields for clients, it said.

"The structured products market in APAC is in the midst of a fundamental change to reduce costs,” Anup Gupta, head of deritrade® MIP in Asia-Pacific, said.

Vontobel said the move follows the rollout of deritrade® MIP in Europe, where it features six prominent issuers of UBS, Vontobel, Morgan Stanley, Deutsche Bank, Société Générale and Zürcher Kantonalbank – accounting for more than 70 per cent of the exchange-traded structured product volume in Switzerland.