In a first for the market, the South African bank is targeting wealth clients with a Shariah-compliant structured certificate linked to a BNP Paribas index.
The private banking arm of OCBC Bank will fill the role in December with the new hire relocating to Dubai from Singapore.
Some 54 structured products with an estimated worth of ZAR613m ($32m) were added to the SRP South Africa database in the third quarter of 2023.
In this week’s roundup, we look at the latest moves at BNPP, UBP, Cboe, Halo and SIX Swiss Exchange.
The South African bank is marketing the latest tranche of its Optimal Investment Growth Basket.
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’.