French brokerage firm Union Financière George V (UFG V), a subsidiary of France’s Crystal Group, is building its capabilities to offer a diversified structured products platform to French residents and expats through independent financial planners (CGPI) and insurance brokers.
“Our goal is to maintain the flexible position of Union Financière George V consisting of negotiating the best deal with the issuers in the market and offering a wide diversity of products and services”, David Edmond, chief executive at UFG V, told SRP.
Edmond was appointed chief executive in September last year and has been working on building a comprehensive life insurance products offering as well as developing the firm’s fund range.
Edmond said that the overall strategy of the group is to offer products – including structured products – to French residents as well as expats.
This position is reflected in the company’s product range which is denominated in both euros and dollars for French residents wishing to invest in dollars and French expats living abroad.
UFG V’s latest series using this process was launched yesterday. The two products in the series are knock out structures linked to the Eurostoxx50 index. The two products will trigger the early redemption event paying 9.2% return for each year elapsed at any annual observation date if the underlying index is at or above 105% of its initial level. Both products feature a 65% downside protection barrier.