Sales of principal-protected ELBs increased in October while local tech and utilities sector stocks were among the top investor picks.
The bankers join the Canadian bank to build its equity derivatives desk in Asia, led by the former head of Asia Pacific markets sales at Credit Suisse.
CBBCs linked to the HSI saw their average daily turnover increase by 58% MoM while household stocks such as Tencent and Alibaba were also among the top underlyings.
UOB Thailand’s new structured fund launch coincides with the rising trend among investors converting the US dollar from the Thai baht and buying US dollar-denominated funds.
Singapore’s largest bank reports its markets trading income for Q3 2024 hit the highest level in 10 quarters while structured note issuance remains strong in Taiwan.
The sales volume of structured products surged 12% year-on-year (YoY) in the first nine months of the year in Asia Pacific ex-China.
Major financial firms in South Korea have seen growth in groupwide and affiliated securities house net profit during the July-September period.
Rising interest in actively managed certificates among asset managers in Asia and the benefits of variable capital companies funds have triggered new activity in Singapore.
FX rates-linked retail structured deposits continued to dominate the market as local retail investors favoured the XAU/USD and EUR/USD pairs exposure.