Industry experts speaking at the Latam leaders’ roundtable at the virtual SRP Americas 2020 Conference on 15 September, exchanged views about the development of their respective markets in the recent years, current and future trends and the challenges ahead, as well as the impact of the global health crisis on portfolio allocation.
Latin America remains an attractive growing space for the structured products industry as markets begin to expand beyond the high-net-worth individuals (HNWIs) segment and build a retail marketplace.
The Americas structured products market gathered in living rooms, home offices and real offices to celebrate the winning teams and individuals of this year’s SRP Americas Awards.
Four hundred and eighty-four products worth a combined MXN19.74 billion (US$886m) struck in Mexico during July – a 22.5% increase in sales volume compared to June.
HSBC Bank USA veteran Todd Fruhbeis (pictured) has parted ways with the UK banking group after 15 years. The New York-based wealth management sales for the Americas executive had responsibility for the sales of markets products for retail and high net worth distribution channels in the Americas, since 2005.
Monex and BBVA Bancomer, dominant players in the Mexican structured products market, have suffered landslide sequential plummets in both their issuances and sales during the second quarter of 2020, according to SRP data.
While historically low interest rates sweep the nation, investors are on the hunt for more desirable product alternatives. Brazilian financial services platform XP has stepped in to cater to this growing demand and nurture the shift in risk aversion.
The Mexican structured products market saw 419 new issuances with a combined sales volume of MXN15.9 billion (US$713m) from four different distributors in June.
Some 90 products with an estimated sales volume of BRL921m (US$179m) and from six different issuers had their strike date in the second quarter of 2020 in Brazil.