The new product uses IBM Watson’s AI engine among other technologies.
Asia private banking clients will be able to trade fixed coupon structured products on their mobile phones.
Equity-linked vehicles gained traction among HK$5.7trn of all investment products sold in 2020, regulators found.
The bank has rolled out a product with a luxury consumption theme to its wealthy Hong Kong and Malaysian clients.
The biggest benefit of Mindful Wealth’s re-domiciling of its CLO fund to Singapore could be the new structure’s endorsement by MAS.
Pulling from ABN Amro, Indosuez has brought in Shirley Lau to drive the bank’s structured products.
Hong Kong’s Financial Services Development Council (FSDC) recommends broadening of the domestic listed structured product range by introducing yield enhancement, participation and capital-protected products.
Structured products promise to protect the principal of an investment, but yield is sacrificed for return, Societe Generale’s Edward Lee explains.