The Swiss independent structured products specialist has enabled white label partner EFG to issue its first public offer on the Borsa Italiana.
The product adds to Federal Finance Gestion’s ‘Autofocus’ range of 38 structured funds (fonds à formule) launched to date and totalling EUR 2.7 billion in outstanding.
Fourteen structured products were added to the SRP Belgium database in May.
The bank combines the higher coupons of conditionally capital-protected products with a step-down feature that appeals to conservative Italian investors.
The Luxembourg domiciled issuance vehicle of Société Générale saw its outstanding assets increase by 17% YoY.
Twenty-nine products with estimated sales of £58m were added to the UK database in May, up one from the same month last year, according to SRP data.
Vontobel announced changes to the structure of the group in December, in an effort to be more efficient and client-centric globally, with a focus on servicing investment managers.
The new product - produit de partage - includes a double donation mechanism with Société Générale paying an amount equal to 10bps of the initial investment to associated charities, plus a subsequent donation linked to performance.
The Swiss firm increases its footprint in key markets as well as its senior sales force to expand its product and service offering in Switzerland and Europe.