Standing on its own


South African boutique Escher Structured Products (ESP) is currently focused on creating solutions for wholesale clients, most of whom are pension funds. But Chris Craddock, ESP’s Cape Town-based head of derivatives structuring and development, says the company could be about to target the country’s retail market. “We do have a small retail element because we have access to the distribution networks of large local banks,” he says.

Craddock says the retail space holds enticing prospects for

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