Nomura International today announced its new equity derivatives brand ‘Altrus’, which will be based in its London offices, and said its first product will be available in a couple of weeks for distribution in Germany.
The company has a pipeline of products, including a Dublin Oeic, which should be launched by the end of June, according to the company.It said it has also issued $0.5bn in privately-placed structured products since it became fully operational at the beginning of May.
The target audience for Nomura Altrus products is IFAs, discretionary managers and banks with large distribution networks. The bank expects its unique selling point to be the level of service it offers its product provider and distributor clients. It will offer both Nomura Altrus-branded and white-labelled products, and said it will act like an ‘asset manager’ in its level of service and aftercare. A web site will contain both tools and information, and ‘transparency’ will be emphasised.
Head of equity derivatives Joachim Willnow said, “We have created Altrus as an alternative to traditional equity derivatives. We can take products from the trading floor and bring them more successfully to the market by offering services and skills that will help product providers and distributors grow assets more effectively.”
The Altrus product range will include notes, certificates, warrants and funds, according to the company. Midcap stocks with variable liquidity and funds will be particular focuses. The product pipeline includes structures linked to property, commodities, equities and alternative investments.
