20 Jan Asian Private Banker: Consortium of investment banks officially launch multi-issuer platform
Spotting a significant gap in the market to build a technology platform for private banks to gain access to all third-party providers in a broker-friendly manner, six investment banks and one technology provider have formed a consortium and officially launched their open multi-issuer network for equity-linked structured products in Hong Kong and Singapore today.
Barclays, BNP Paribas, Goldman Sachs, HSBC, J.P Morgan and Société Générale Corporate and Investment Banking have joined forces with Singapore-based technology provider AG Delta to form the company, Contineo Limited, to automate the sale of equity-linked structured notes to private banks in Asia. The platform is in the process of onboarding its issuers and is targeting to go live in the next two months. It is also currently registering private banks, as well as working with other certified third party technology companies.