The two executives at the top of the new markets unit have ran together the cross asset investor products business since 2020.
Local cooperative bank Pohjola increased its market share by more than 30% YoY in a quarter which saw Morgan Stanley impress and Danske go missing.
As bond yields and interest rates go up many professional investors are looking at structured products to capitalise on the new environment to deliver investment options with better terms and different types of payouts.
The UK bank’s results reflect the financial impact of the over-issuance of structured notes and exchange-traded notes in its Q3 earnings report.
The Belgian financial services provider is offering its first equity-linked note in 15 months.
Eleven products were added to the Irish database in Q3, down eight compared to the same quarter last year.
The US bank has appointed an equity derivatives specialist to lead its equity trading strategy in the US and appointed a new head of head of European Markets.
Despite the appeal of the fund wrapper to expand the adoption of structured products, there are still challenges ahead.
Ninety products were added to the UK database in September, the highest monthly figure since the beginning of the year.