Offshore, Private Banking & Institutional Market Review - May 2013

There were a total of 748 products worth an estimated $3.2bn added to the offshore, private banking and institutional database in May compared to $4.44bn worth of issuance recorded last month, posting a sharp decline of 27% from a much reduced issuance. The setback in issuance and volume corresponded to a slowdown of private banking activities in South Korea and Switzerland, the resurfacing of risk aversion as the global equity rally fizzled out, as well as shrinking size of maturing products re