Icap has expanded its property derivatives business into the Asia-Pacific region. The new office will be headed by George Dranganoudis in Singapore, who has held senior roles at the UK-based interdealer broker in Asia and Europe in the past decade.Icap said there is increasing demand for these instruments from the interbank community, hedge fund managers, asset allocators and property-related industry groups globally. The broker already offers such services in Europe and the US.
“The need for derivatives-based structured solutions is highlighted by the recent dislocation and volatility in global markets and the scarcity of effective risk-mitigation tools for property-sector participants,” said Paul Rostas, head of property derivatives at Icap.
More on Foreign Exchange
Target redemption forwards declining in popularity for macro reasons
EC ‘forgets’ to mention sterling in letter defining forex contracts
Target redemption forwards with capped loss structure set for launch
CNT fixing will be a boon for Taiwan’s derivatives market
Sign up for Risk.net email alerts
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
Nominated for two technology awards
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.