Credit derivatives house of the year - Lehman Brothers

Asia Risk Awards 2006

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The retail market for structured credit has always been a tough nut to crack. Not only are retail investors notoriously hard to please, but rising interest rates and concerns about US corporate defaults in the past year have given them every reason to shun credit products. Many banks dropped retail deals after getting too few subscriptions. But where its rivals failed, Lehman Brothers has succeeded with its Minibond programme in Australia, Hong Kong and Singapore. This came on top of strong