Russia's Uralsib is planning to launch a business marketing its own structured products in the next six months pending regulatory approval.
The firm expects to market credit-linked notes to private banking clients, particularly in Europe, said Franz Hep, the bank's head of structured products, speaking in London this week, according to FOW.
Uralsib, which is already a significant player in the Russian derivative markets, is applying for a licence from Russia's Federal Financial Markets Service.