Swiss private bank Vontobel said that its multi-issuer platform for structured products, deritrade, has attracted some 4000 professional investors in Europe and Asia, bringing together assets under management totalling more than CHF1 trillion.
The number of third-party issuers joining up is also steadily increasing, thus markedly expanding both the value added for clients and the acceptance of the platform, the Swiss bank said in a statement.
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Deritrade has been a promising distribution alternative for third-party issuers.
Vontobel added that users can now use deritrade to design and issue tailor-made investment products for their clients from a total of three issuers, which the bank has included in real time and via a single online portal.
The French bank Société Générale has joined the platform as a third-party issuer at the beginning of 2013, and a further provider of structured products has now been integrated with the addition of Morgan Stanley.
Markus Pfister, head of engineering & development at Vontobel Financial Products, said: "The bination of tailor-made investment products, the possibility of paring prices, and broad diversification of borrowers adds value not just for the end-clients but also for deritrade users, in that they also profit from standardised and efficient processes."
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