The new team includes the appointment of a new global head of structured products, structured finance & solution sales who will be in charge of the bank’s ‘largest growth engine since the formation of global markets’.
The UK bank’s wealth management business has seen steady growth in 2023, driven by treasury products and bancassurance.
The UK retail structured products market had a record year with more than 96% of plans that matured during 2023 delivering positive returns. Meanwhile, Barclays' US structured products sales volume reached over US$10 billion in 2023.
In this week’s wrap we look at a selection of structured products with strike dates between 18-24 February 2024.
The UK bank's full-year earnings remained strong despite impairment charges curbing its profit in the fourth quarter; structured products raised US$22 bn in sales.
The US investment bank has also promoted several other senior executives within the markets unit including the global head of EQD trading.
The UK bank saw its sales of SEC-registered structured notes rebound in 2023 following a significant slowdown in activity in the previous year.
New BofA indices were brought to market last week through a new insurance carrier of Rilas; MerQube partnered with AI firm to develop new AI-powered indices.
In this week’s wrap we look at a selection of structured products with strike dates between 11-17 February 2024.