Dresdner Kleinwort Wasserstein (DrKW) has established a new capital markets division by merging its equity and debt markets operations to offer fully integrated cash and derivatives services to clients.“Clients have been requiring more and more complex solutions to their problems and more inter-related solutions,” said Jean-Francois Minier, head of Japanese and Asian capital markets and Japan branch manager for DrKW. “By putting the global equities and global debt divisions together, it will definitely help us solve their problems in a much more efficient and innovative way, and in some circumstances in a more cost-efficient way,” he added.
Structuring and marketing of equity, credit, fixed income, foreign exchange and hybrid-yield enhancement products will now be housed under the same roof. DrKW head of sales and marketing for Japan and Asia, Paul Morgan, said corporates looking for hedging solutions prefer this integrated approach. “They don’t want coverage on equity solutions from one person and debt solutions from another.”
Meanwhile, DrKW also plans to continue building up its credit derivatives capabilities. “Credit derivatives is one area where we’re still building up,” said Morgan. “Certainly that’s an area where it makes sense to invest and we’ll continue to do so.” He added that the bank may add two new hires to the structured credit team in Tokyo in the coming months, with one new hire due to start shortly. He declined to comment further.
More on Structured Products
Controversial tax reforms would foist “unworkable” compliance burdens on firms
Product aims to improve on PowerShares S&P 500 Low Volatility Portfolio ETF using risk reduction
Conditional income product offers steady income and could offset potential bear market losses
Product offers 17% maximum return but investors’ capital is protected
Sign up for Risk.net email alerts
Sanjay Sharma talks about risk transparency and how his book helps achieve it.
A five-minute formula from Alexander Denev that takes you through a simple probabilistic graphical model and explains how and why these are used. Find out more about the ground-breaking book, Probabilistic...
Industry leader Vincent Kaminski discusses the challenges faced by energy markets and his new book, Managing Energy Price Risk, 4th Edition.
Momtchil Pojarliev talks about his book, The Role of Currency in Institutional Portolios, currency investing and the potential role of currencies in institutional portfolios.
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.