The Spanish bank promotes fixed income solutions executive to take on the structured products team covering Latin America.
Six hundred and fifty-three structured products, from six different providers and worth a combined MXN25.4 billion (US$1.3 billion), were issued in Mexico in June. The number of strategies that struck in the first half of the year totalled 4,138, which corresponds to a 134% increase in annual terms.
The Swiss bank has appointed a new head of public distribution for the Americas to push the exchange-traded notes (ETN) business forward.
The French bank has appointed a new head of private banks and distributors (PB&D) sales within its Americas global markets team as the head of Americas cross-asset distribution departs
Some 841 products with combined sales volume of MXN43.6 billion (USD2.2 billion) struck in Mexico in May compared to 689 offerings in April, a 22% month-on-month increase in terms of new strategies.
A panel of senior executives from market leading product manufacturers debated about the competitive landscape and provided insight into how the industry should address the challenges to continue growing the market during SRP’s Americas Conference 2019 on May 22 in Chicago.
The SRP Mexico database closed April 2019 with 687 new structured products made available to the market through six different providers. The investment environment was predominantly risk-averse and oriented toward short-term strategies.
BBVA took over Citi in 2018 as the second most prolific issuer in Mexico with a 18.9% market share (US$1.7 billion). Securities firm Monex continues to dominate the market (over 50% market share, worth US$ 4.9 billion). However, its main achievement was to deliver the top 10 best performing products in the country.
The US bank continues to phase out some of its more senior executives as its new global retail client and product strategy is implemented