Services from the Hong Kong centre include serving private banks and asset managers with structured products.
Spanish financial group BBVA announced yesterday that it is setting up two equity trading and sales hubs in Hong Kong and New York. Services from the Hong Kong centre include providing private banks and asset managers with structured products.
The Hong Kong hub will extend the global product capabilities of BBVA in the manufacturing of structured investment products for private banks and asset managers in Hong Kong and Singapore, both through traditional and digital channels, it said in a statement.
Last July, Eric Michl joined BBVA from Natixis to lead this new global equities activity in Asia.
The equity hub in the Americas is being consolidated in New York where the trading desk for US equity transfers from Mexico City as well as Marc Fauvain, is responsible for this desk. The bank has set up a specific local securities issuance programme, thus enabling US investors to access BBVA’s investment products.
BBVA is also partnering with the investment house, ODDO BHF partnership, to give analysis of issuers in Spain and Portugal, tapping into a local team of analysts with a track record at BBVA before joining ODDO BHF. This coverage will include both large listed companies in Spain and Portugal as well as a broad number of mid-caps that draw less market coverage.