The perfect position: Standard Bank Offshore

The global structured products market faces many hurdles but Jersey-based Standard Bank Offshore is benefiting from being outside the eurozone and beyond the tarnish of the US and UK banking scandals. Vita Millers talks to Herman Wessels, head of private clients structured products

herman-wessels
Herman Wessels

The BBB+ rated Standard Bank Offshore is a division of Standard Bank Group, founded in Africa. Standard Bank is the biggest bank on the continent by assets and earnings, and is also a developing player in the UK, US and European structured products markets, helped by its offshore arm.

Sales volumes for structured deposits at the offshore arm have risen in the past three years, from the equivalent of £83 million ($129 million) in 2010 to £103 million in 2011 and an estimated £115 million-120

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