There are many ways to start a career in structured products, and a variety of different views of what are good products. In a series of interviews, SRP asks market practitioners to reveal their thoughts about the market and the path they have taken to become part of it.
Benedict Peeters, president of the board at Luxhedge, founding partner & chief executive officer at Rego Partners, board member Shelter Investments; and, in a previous life, the owner of Finvex Group, global head of structured business, BNP Paribas and managing director, head of structured products for Europe and the Middle East & North Africa at Morgan Stanley, and a managing director at Deutsche Bank, answers the questions.
What sells better, protected or non-protected products?
Depends on the country. In the Benelux, protected products.
What are the prospects in your market for the next 12 months?
Move to alternatives.
What was your first job?
Tax structurer at a bank.
What subject did you study in higher education?
Economics, tax law, law.
Are structured products complex investments?
Yes.
What is the main benefit of buying a structured products?
Expressing asymmetric views on markets.
Do you buy structured products, if so, which type do you prefer?
I sometimes buy them, especially when my view is very outspoken.
Which is the best structured products market?
Germany.
What's the best structured product you have ever seen?
Plain warrants.
Bicycle or taxi?
Taxi, unless the sun is shining and the terrain is flat.
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