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UBS will close on its first two non-professional structured product deals in Taiwan in the next few weeks.
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ING Bank has launched five-year, worst-of memory coupon notes that offer a potential 46% return depending on the performance of three underlying indices.
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Mike Wilson, a managing director in institutional structured product sales for the U.K. and Ireland at Société Générale in London, has joined JP Morgan in a similar role.
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Bank of America Merrill Lynch has begun marketing six-year so-called variable coupon notes.
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The planned retirement of Financial Accounting Standards Board Chairman Robert Herz has thrown proposed changes to derivatives accounting into question, as the exposure draft only passed the board by a 3-2 vote, with Herz in favor.
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Wen Yin, a structurer a Barclays Capital, has left and is tipped for a slot at Goldman Sachs in Singapore.
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Clariden Leu is finding floating-rate low barrier reverse convertibles to be this summer’s bestseller for its Swiss clients.
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Structured products sales in Taiwan, through private banking channels, are picking up well from a practical standstill in the second half of 2009, market observers are saying.
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Morgan Stanley has issued USD100 million in a 20-year range-accrual step-up note referencing the S&P500.
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Gary Suen, Deutsche Bank’s head of Asia warrants business, has left the firm in the last week, an official said.