The Swiss bank will stop offering leveraged products to Hong Kong private clients and will set up a structured solutions financial institutions unit as part of its restructuring in Asia.
Vontobel will cease its issuance of listed structured products in Hong Kong SAR after five and a half years in the listed market. However, its liquidity provider Vontobel Limited will ‘ stand by all obligations,’ according to an internal memo seen by SRP. The Swiss bank will reorganise its business in Asia with the merger of advisory investment solutions (structured solutions & treasury AIS) and wealth management in Asia to become the new structured solutions financial instituti