Bank Julius Baer to Join Contineo Network
Contineo, the fastest growing and first industry-backed open messaging network for equity-linked structured products in Asia, announced today its newest buy-side subscriber, Bank Julius Baer, the leading Swiss private banking group.
Julius Baer will use Contineo’s web-based interface to access multiple-issuers of structured products starting in July this year in Asia. The connection is expected to help Julius Baer speed up the pricing and order process for structured products.
“We are pleased to join Contineo and to benefit from this industry backed initiative, as it aims to enhance the execution of equity-linked structured products in the Asia-Pacific region,” said Roger Meier, Head of Structured Products Sales Asia of Julius Baer .
Mark Muñoz, Contineo Managing Director commented: “We are delighted to announce that Julius Baer will become a subscriber on our network. This is a testament to our mission to bring greater efficiency to the industry and where Contineo innovates with an open standard everyone can benefit from.”
Contineo is currently registering private banks and implementing connectivity to multiple issuers, as well as working with certified technology companies who can also connect to the network. In addition to web-based interface, Contineo provides access through a set of FIX and REST application programming interfaces (APIs).
About Contineo Limited
Contineo Limited, headquartered in Hong Kong, is the first industry supported, open messaging network for private banks and wealth management firms to access issuers of structured products. The company is backed by AG Delta, Barclays, BNP Paribas, Goldman Sachs, HSBC, J.P. Morgan and Societe Generale Corporate & Investment Banking.
For more information, visit www.contineo.link
Contacts: press@contineo.link / +852 3905 1030
About Julius Baer
Julius Baer is the leading Swiss private banking group, with a focus on servicing and advising sophisticated private clients and a premium brand in global wealth management. Julius Baer’s total client assets amounted to CHF 396 billion at the end of December 2014, including CHF 291 billion of assets under management. Bank Julius Baer & Co. Ltd., the renowned Swiss private bank which celebrates its 125th anniversary in 2015, is the principal operating company of Julius Baer Group Ltd., whose shares are listed on the SIX Swiss Exchange (ticker symbol: BAER) and are included in the Swiss Market Index (SMI), comprising the 20 largest and most liquid Swiss stocks.
Julius Baer employs a staff of over 5,000, including more than 1,000 relationship managers, and is present in over 25 countries and some 50 locations. Headquartered in Zurich, we have offices in key locations including Dubai, Frankfurt, Geneva, Hong Kong, London, Lugano, Monaco, Montevideo, Moscow, Singapore and Tokyo. Our client-centric approach, our objective advice based on a unique open product platform, our very strong financial base and our entrepreneurial management culture make us the international reference in private banking.
For more information visit our website at www.juliusbaer.com
Contacts: Bank Julius Baer Media Relations Hong Kong: Tel. +852 2899 4840
Contineo Limited Establishes First Open Multi-Issuer Network for Structured Products
Contineo Limited launched today the industry’s first open messaging network, delivering greater access to equity-linked structured products for private banking and wealth management firms. Contineo has backing from: AG Delta, Barclays, BNP Paribas, Goldman Sachs, HSBC, J.P. Morgan and Societe Generale Corporate & Investment Banking.
The funding will support the implementation and ongoing development of Contineo’s network and technology, which at launch will allow subscribers to easily access their counter-parties through a web-based interface and a set of open application programming interfaces (APIs). The technology is powered by AG Delta’s application architecture and is targeted to go live in early 2015. Contineo is currently registering private banks and implementing connectivity to issuers, as well as working with other certified third party technology companies. Mark Muñoz, a financial technology veteran, has been appointed Managing Director.
Mr. Muñoz said, “I’m delighted to launch an exciting new technology company that has the support of the industry’s leading firms. Our aim is to make accessing equity-linked structured products easier and at a lower cost. We’re working closely with the buy-side and sell-side institutions to ensure our approach benefits the entire industry.”
Structured product distribution and transactions are highly manual at present and there are different practices and protocols across the industry. Contineo’s goal is to establish a unified communications network using the industry standard FIX protocol and RESTful web services, which will be accessible to all participants. This will lower costs, increase product access and assist in risk management and compliance. Contineo will also enable other technology companies or third parties to connect to the network.
The consortium released the following statement:
“We are excited to bring our combined experience and expertise together in support of Contineo. The industry has been seeking a transparent and efficient platform to access equity-linked structured products and Contineo is poised to deliver these benefits, which will translate into dramatic cost savings for the entire industry.”
About Contineo Limited
Contineo Limited, headquartered in Hong Kong, is the first industry supported, open messaging network for private banks and wealth management firms to access issuers of structured products. The company is backed by AG Delta, Barclays, BNP Paribas, Goldman Sachs, HSBC, J.P. Morgan and Societe Generale Corporate & Investment Banking.
For more information, visit www.contineo.link
CONTACT:
press@contineo.link
+852 3905 1030