The product will be distributed and hedged in-house as the South African bank’s nascent wealth & investments unit expands its offerings.
Some 78 structured products with estimated worth of ZAR1,143m ($58.5m) were added to the SRP South Africa database in the second quarter of 2023.
South African investors remain unconvinced about the merits of considering sustainable and ESG-linked investments.
The former co-head of global markets (GM) structuring for Asia ex-Japan has relocated to Dubai to lead the GM in the Middle East today (6 July) where Nomura sees ‘unprecedented growth’.
The UK-based firm is targeting asset owners seeking to offer innovation through structured solutions to retail, wealth and institutional investors.
Alternative investments including structured products, solar and crypto products have become first port of call for investors seeking yield beyond traditional assets.
Some 28 structured products worth an estimated ZAR452m ($22.8m) were added to the SRP South Africa database in the first quarter of 2023.
Some 44 structured products with estimated sales of ZAR783m ($44,978m) were added to the SRP South Africa database in the fourth quarter of 2022.
The cryptocurrency platform which relocated from Singapore to Dubai earlier this year has launched its first structured products with an exotic payoff.