RBS and Sip Nordic storm UK IFA market
Royal Bank of Scotland has partnered with Sip Nordic to launch a new series of dynamically managed structured products into the UK independent financial adviser (IFA) market. The investments will be sold by a 25-strong sales force working across the country, provided by Sip Nordic.
The bank aims to change the landscape of the UK structured products market with the offering. "We're going to move what is a successful but niche market into the mainstream," says Zak de Mariveles, managing director, UK equity derivatives sales at Royal Bank of Scotland Global Banking and Markets, London. The new dynamic investments aim to tackle the static nature and design of traditional structured products which lock customers into a single investment decision for five years.
Three new capital
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