EFG FP outlines structured products strategy for Asia
With its new Hong Kong securities dealing and advisory licence, EFG Financial Products is targeting a build-out and sees the city as its most important centre globally after Zurich.
Setting up a structured-products business in Asia could be seen by some as an unpromising move, given that the recent crisis – and losses on products such as accumulators and minibonds – are still relatively fresh in the memory.
But Zurich-based EFG Financial Products, part of asset-management and private-banking group EFG International, last week celebrated a year in Hong Kong by outlining plans to build a regional business.
After setting up the Hong Kong office in July 201…
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