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
Importers will increase hedging activity amid greater rupiah volatility
European banks start clearing in India despite no EU equivalency ruling
Market disruption averted as unanimous decision goes in CLS's favour
Corporates were under-hedged due to high cost of carry versus dollar
Sign up for Risk.net email alerts
Nominated for two technology awards
Nominated for post trade technology award
Sponsored webinar: Collateral and counterparty tracking
Isda directors warn on fragmentation, access and liquidity - but expect problems to pass
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.