Strukturinvest has announced plans to expand its business and offer its structured products to Norwegian investors. In line with the local market the products will be private placements with limited information publicly available, although it is expected the firm will try to adapt its offering to the domestic palate with an autocallable range 'possibly using Societe Generale, Handelsbanken, BNP Paribas or Goldman Sachs in the making'.
"Strukturinvest is today one of the leading providers of structured products in Sweden," said CEO Thomas Olsson (pictured), in a statement. "Expanding the business to Norway is a natural step in our long term expansion plan. We see that there is a large demand for the expertise Strukturinvest holds when it comes to creating modern investment solutions tailored to meet both current market conditions and individual investor preferences."
Strukturinvest Fondkommission was founded in 2009 and has become one of the leading distributors of structured products in Sweden with 839 issuances worth an estimated SEK1.18bn launched so far. The company employs approximately 50 professionals, with offices in Stockholm, Gothenburg and Jonkoping. The distributor will not open any offices in Norway at this moment but will continue operating the business from its offices in Sweden.
SRP reported in December that Strukturinvest was acquiring Carnegie's structured products distribution and will take over responsibility for secondary market activities in the retail structured products that Carnegie has arranged in the past and until now. Both distributors have been active in Sweden, according to SRP data the companies have a combined estimated sales volume of SEK2.131bn (€219m) in 2016, with the figure for the two topping SEK4bn in 2014, according to SRP data.
Strukturinvest is the third most active provider in Sweden with 9% market share in 2016 on the back of SEK1.2bn (€126m) in sales and 143 products. Year to date, the Swedish firm has sold SEK303m across 26 products. Strukturinvest will launch the first products shortly in co-operation with local financial advisors.
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