Contineo has onboarded BNP Paribas Wealth Management as a strategic client in Europe.
BNP Paribas WM goes live with Contineo in Europe. Contineo has expanded its partnership with BNP Paribas Wealth Management to enhance its platform and respond to demand from European investors and include Europe’s most popular payoffs on its platform for multi-issuer pricing, request for pre-trade regulatory documents and order placement.
The Singapore-based platform launched a strategic partnership with BNP Paribas Wealth Management to connect with multiple issuers in Asia and expand to Europe to start servicing clients in the region.
Contineo is also seeking to leverage its newly established development hub in Europe to accelerate its expansion.
The multi-issuer platform which also provides booking and lifecycle services now offers a ‘unified solution across Asia & Europe to serve global wealth managers most pressing needs for both equity & FX linked structured products,’ stated the firm.
French wealth tech acquires Feefty structured products platform
French wealth tech provider Harvest has acquired Feefty a fintech specialised in ‘customised structured products and related tools’. The closing will take place in April 2023.
Harvest is seeking to leverage the Feefty structured products platform to retain its position as ‘a central and key player in the French market for wealth management, customer relationship management, investment strategies, data, digital distribution platforms and training’.
The products and management tools of the two entities will be connected to enable the construction, subscription, listing and performance monitoring of products.
Virginie Fauvel (right), CEO of Harvest said the merger with Feefty is in line with the company’s 2025 strategic plan and will enable the Harvest group to diversify into the creation and management of structured products for clients in France and in Europe.
‘[The new offering] will enable professionals and distributors wishing to develop high value-added advice to benefit from a complete solution for the day-to-day management of structured products,’ said Fauvel.
‘The boom in structured products is a reality for all insurance and wealth management players. The deployment of our solutions will offer our clients multiple gateways to simplify their management,’ said Guillaume Dumans, managing director and co-founder of Feefty.
Launched four years ago to simplify access to structured products by connecting wealth players, issuers, insurers and custodians, Feefty has also developed a monthly barometer and an ESG Label dedicated to structured solutions.
Halo adds module for SMAs
Structured products platform Halo Investing has launched a Multi-Manager Structured Note Separately Managed Account (SMA) module to its range of digital tools for defined-outcome portfolio strategies.
The new SMA Marketplace was launched with several SMA managers, including NewEdge Wealth, Piton Capital, and The Invictus Collective and will enable advisors to access the value of structured notes and SMAs ‘without the challenges of single product purchase and lifecycle management’.
‘Demand for alternatives is a prime example of how investors are rethinking stocks and bonds,’ said Halo Investing president, Jason Barsema. ‘Rather than paying high fees and accepting lockup periods, clients now have access to better risk-reward potential and the convenience of a separately managed account.’
According to said Ed Condon (right), head of Marketplace at Halo, the combination of the experience managing advanced structured note strategies and technology, ‘will expand the benefits of defined-outcome investing to a much broader audience of advisors and clients’.
The announcement follows the onboarding of Key Private Bank to Halo’s pool of buyside firms using its structured products platform.
The advisors at Key Private Bank will be able to access a suite of tools including educational resources; options to customize structured notes by payoff, theme, or risk profile; access to competitive bids and better pricing from a wide array of issuers; and pre- and post-trade capabilities, including full back-end administration.
Swiss boutique gets securities licence
Zurich-based financial boutique CAT Financial Products (CATFP) is going ahead with growth plans after receiving approval from the Swiss financial markets’ authority.
CATFP has received an authorisation from Swiss financial regulator Finma to operate as a securities firm. The Swiss derivatives and structured products specialist also announced that it has concluded a financing round.
With the Finma approval, CATFP will be able to offer new services and launch its first investment products, as it prepares to implement its expansion plans at a regional and international level.
‘The investment house license (...) enable(s) us to provide our clients with an enhanced service offering (and) creates a unique investment experience while providing the highest levels of flexibility, security and transparency through proprietary products such as AMCs and ETPs,’ CATFP co-owner David Schmid (right) said.
According to Schmid , planned new products, services and trading functions include the brokerage and distribution of financial instruments as a counterparty, the issuance of structured products, as well as hedging transactions, market making, and other functions such as index calculation agent and paying agent.
CATFP was founded in 2012 and has offices in Zurich, Geneva, Bern and Lugano.
HK SAR platform onboards China WM
Hong Kong SAR-based EasyView has onboarded Noah International, a wealth management service provider in China, as a new client.
Noah International has gone live on EasyView’s platform, which was launched in 2022, and offers Portfolio Management System (PMS), Order Management System (OMS), Structured Products RFQ, FIX protocol, to the private wealth management industry.
The Chinese wealth manager is planning to leverage the new platform to accelerate the expansion of its high-net-worth clients solutions in Asia and enhance its ‘ability to innovate quickly and effectively across its entire wealth management value chain, from client onboarding, compliance, to fulfilment and trading’, said Oscar Liu (right), CEO at International Wealth Management of Noah International.
Hongbin Shi, COO at EasyView said: ‘The private wealth management industry has traditionally been a personal, relationship-based business. Now, engaging with clients via digital capabilities are holding more and more weight. [Our] clients will be able to view their real-time consolidated portfolio from assets across multiple custodian banks as well as non-bankable asset such as real estate, digital assets, etc.’
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