Structured Products Awards for Excellence 2015 – Best Provider of Exotic Currency-linked Structured Products


SPA-2015-Exotic-Currency

BNP Paribas

Simon Lau, Head of IRFX and Commodity Structuring Asia ex-Japan

Simon Lau, Head of IRFX and Commodity Structuring Asia ex-Japan

Stephane Honig, Managing Director, Wealth Management and Family Offices, Global Markets, Asia Pacific, BNP Paribas

In a year marked by fluctuation and volatility, particularly in the currency markets, BNP Paribas has nonetheless forged new ideas and carved out opportunities created by the appreciation of the greenback.By adapting to the global sell-off in August, BNP Paribas was able to help its clients by capitalising on the strong Australian dollar.

“In the second half of the year, we distributed structured products that helped private banking clients manage the currency fluctuations, such as using the Australian dollar as the underlier,” said Simon Lau, head of IRFX and Commodity Structuring, Asia ex-Japan, Global Markets. While the RMB devaluation in August did catch many private banking clients off guard, BNP Paribas was able to move swiftly to offer an alternative.

In addition, the bank was also in a position to offer clients currency-linked structured products that alleviated the impact of the US dollar bull run in the second half of the year.

“Clients were interested in high yield through products such as accumulators but suffered in the second half due to USD bullish run. We launched rescuer notes which provided clients the ability to convert at least half their positions to US dollar at its original entry point,” Lau noted.

Currency continues to be a key strategy moving forward, he added. With the impending US rate hike, Asia’s private banking clients will be looking to reposition. Evidently, BNP Paribas’ ability to deliver solutions consisting of product innovation and competitive pricing is set to stand it in good stead. For all these, it is this year’s winner of our Best Provider of Exotic Currency-linked Structured Products award.