The US bank continues to phase out some of its more senior executives as its new global retail client and product strategy is implemented
Monex topped Mexico’s distributor ranking in terms of sales for the seventh consecutive year. The company is behind half of the products sold in the South American country.
The Brazilian lender marketed the products with highest sales weighted performance in 2018.
Some 741 structured products from eight different providers struck in March, up by 10% in issuance and by 18% in respect of sales volumes compared to the previous month. In annual terms, the number of new strategies grew significantly during the first three months of 2019 to reach 1,949 products worth MXN81.69 billion (US$4.28 billion) by the end of March.
Five hundred and thirty-eight products worth an estimated BRL6.56 billion (US$1.5 billion) struck in Brazil in the first quarter of 2019, a 33% decrease in issuance compared to the last quarter of 2018, SRP data shows.
Bank of America Merrill Lynch (Baml) has reshuffled its fixed income, currencies, and commodities division (FICC) with the head of sales and structuring in the Americas for the division, Karen Fang, shifting to a more senior role in trading, according to an internal memo.
Issuance of structured notes (certificado de operações estruturadas –COEs) in 2018 reached almost R$11 billion (US$2.9 billion)
BBVA Bancomer’s head of global structured solutions in Mexico, Manuel Meza (pictured), is now head of global markets Mexico.
Spanish bank makes senior appointments as global chief investment officer resigns and expands collaboration between Santander corporate investment banking and its wealth management division