Icap launches property derivatives in Asia-Pacific


Icap has expanded its property derivatives business into the Asia-Pacific region, to be headed by George Dranganoudis in Singapore. The UK-based interdealer broker already offers such services in Europe and the US.

Icap said there is increasing demand for such instruments from the interbank community, hedge fund managers, asset allocators and property-related industry groups globally.

Paul Rostas, head of property derivatives at Icap in London, says: "The need for derivatives-based structured solu

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