Philip Kurtenbach, global head of wealth structured products at HSBC Wealth & Personal Banking, talks about balancing out risk and complexity, the role of technology in expanding the market and improving processes, and the bank’s short-term plans and focus.
Despite the increase of proprietary and custom strategies involving new factors (ESG) and features (risk control, decrement) Kurtenbach does not recognise a shift towards complexity or a danger in overengineering underlyings. “I don’t see a general trend towards that to be honest,” he says. “The importance for us, especially in the wealth space, is to make sure is the products are not a mystery, we don’t want to lure you into making investments. This is a real oppo
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