The Swiss bank has launched credit-linked notes (CLNs) on its deritrade platform to capitalise on rising interest rates and credit spreads.
Since their debut on Friday 5 May, approximately 20 CLNs have been traded across Europe and Asia by their issuer Bank Vontobel Zurich or Vontobel FP Dubai, according to Georg von Wattenwyl (pictured) , CEO of Vontobel Singapore and head of wealth management for Asia. "The traded notional remains small, but we’ve had hundreds of pricings," Wattenwyl told SRP. "The kick-off is totally in line with our expectation based on our activity monitor, the number of simulations, trades and calls we