Lack of quants dims chance of structured product boom in China
Quants in high demand as banks explore new products, and local rules call for onshore specialists
China’s mass wealth management market could be hugely lucrative, and steps by regulators to liberalise onshore markets create new opportunities for foreign firms to expand their range of structured products. But efforts to grow the business are now hitting what has become a familiar problem in Asia: a shortage of quantitative specialists able to risk-manage such offerings.
Jacob Wai, a consultant who has worked with a number of banks in China, is one subscriber to that view.
“The quant pool in
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