Standing on its own

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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 s

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