Investor Interest Shifts From Equity Structured Notes Toward Fixed Income, Says Crédit Agricole CIB
Crédit Agricole Corporate and Investment Bank is seeing a notable shift in clients, including institutions, wealth managers and family offices, seeking an equity-like payoff in the fixed income market. Investors are applying structured notes, such as autocallables and reverse convertible bonds on fixed income underlyings, such as Government Bonds, SOFR or other Rates indices, Sebastien Lafosse, director and head of cross-asset investment solutions sales at Crédit Agricole CIB in New York, said that clients want to monetize volatility in the rates market using a structure they are already familiar with in the equities space.
Verition Fund Taps Another Millennium Manager
Former Senior Portfolio Manager at Millennium has joined Verition Fund Management in New York.
Senior Managing Director at Canadian Pension Plan Exits
A senior managing director at the USD255.8 billion Ontario Teachers’ Pension Plan in Toronto has left.
Former Marex Head Joins Citi In New York
Former head of financial products sales, North America at Marex Solutions, has joined Citi in New York.
Neuberger Berman Names BNP Global Head As Multi-Asset Chief
The former head of global multi-asset at BNP Paribas Asset Management has joined Neuberger Berman as chief investment officer for multi-asset strategies, EMEA.
