2018 Winners
Best Structured Product Provider – RMB
BNP Paribas
Ken Tan
head of FX investors solutions, WM&FO, global markets APAC, BNP Paribas
Through our deep understanding of both the onshore and offshore markets, we’re able to ensure that we understand and strictly adhere to the rules and are also assessing how the market might develop and react.
In 2018, developments in China’s Belt and Road Initiative created greater client demand for cross-CNH pairs, as well as improved market liquidity. As such, we expanded our structured products offering to include Asian currencies such as IDR, INR, TWD, and KRW, against the CNH.
But regardless of the currency’s short-term prospects, the internationalisation of the yuan is imminent and global markets will have little choice but to embrace it, given the scale of China’s economy and the reach of its trade.
Few providers have continuously stood at the forefront of renminbi innovation like BNP Paribas, which aspires to be a leader in the asset class, having pioneered the launch of various services and solutions.
“Leveraging its global expertise with robust RMB product and trading platforms, BNP Paribas achieved a number of ‘firsts’ in RMB financial services and solutions in the past year,” said Ken Tan, head of FX investors solutions, WM&FO, global markets APAC at BNP Paribas.
“We looked at the opportunities arising through China’s financial market reform, including the opening of its domestic capital markets and the RMB’s internationalisation.”
In 2018, the bank witnessed greater demand for cross-CNH pairs due to promising developments in China’s Belt and Road initiative. Accordingly, BNP Paribas’ yuan-linked structured product offering expanded access to more currency pairs, including IDR, INR, TWD, and KRW.
A well-established first-mover status backed by its unwavering commitment to the long-term prospect of the yuan led private banking gatekeepers to vote BNP Paribas as 2018’s Best Structured Product Provider – RMB.
