Desjardins has won ‘best distributor’ in Canada at this year’s SRP Americas awards. SRP considered 473 structured products from the bank with strike dates between March 1 2018 and February 28 2019.
The US structured products distributor moves to expand the reach of its distribution channel.
Investors are turning to investment fraud law firms to recover losses from structured notes.
The US fixed indexed annuity (FIA) market continues to attract interest and a variety of different offerings are available today. This sector combines structured product features to provide returns within an insurance wrapper.
Chief executive officer David Solomon (pictured) said he was pleased with the bank’s performance in the first quarter, ‘especially in the context of a muted start to the year’.
A grand total of 1,659 structured products from 34 different providers and worth $4.9 billion were added to the SRP USA database in March compared with 1,763 products with a sales volume of $5.4 billion which were added during the same month in 2018. Six hundred and seventeen products matured during the month releasing $2.8 billion back onto the market.
Its global markets and global wealth units reported a drop in figures in spite of the bank launching in March the highest selling structured product in the US market
Great American Life debuts short-term annuities; Securian targets banking channel; accumulation annuities to outpace income-focused products
The bank reports record income and revenues in first quarter while remaining the number one structured product provider in US.