It has only been a month since Mike Heraty joined RBC Capital Markets after more than six years at Credit Suisse, but the senior banker already has a full agenda.
An analysis of the US market over the last three years shows the changes in the use of product types as the macro environment evolves.
The US bank has recorded a weaker performance of equity derivatives in Q2 2023, but posted growth from its FICC division.
The US bank’s intermediation net revenues declined across FICC and equity partly due to derivatives in Q2; sales of retail structured notes fell 26% in its domestic market.
Etienne Grisey, managing director and head of global equities structuring, Apac, at BNP Paribas, has been appointed co-head of EQD structuring, Americas, in New York.
The US investment bank has seen retail sales in its domestic market dropping in the second quarter after reaching a two-year peak in Q1 2023.
The US investment bank has taken over Goldman Sachs as the largest issuer of retail structured notes in its home market in the second quarter.
We look at some of the most popular underlying assets across the Americas in the first half of 2023.
The bank’s global markets revenues were driven by fixed income in Americas and equity derivatives (EQD) in Japan during the quarter ended on 30 June.