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Asia sees investment banks racing back to risk

Date: 19 Feb 2010

Derivatives activity is heating up in the region again as yield becomes elusive. Dealers are re-building their teams and jockeying for position, but have they and their clients truly learned their lessons?

Keywords (click to search): [structured products] [Asia] [John Goff] [Nomura] [Dominique Blanchard] [Adam Cowperthwaite] [Werner Schlossmacher] [Anthony Man] [Deutsche Bank]

Pamela Tang

“In five years’ time, the structured products market will be a multiple of the size of the markets during 2006 and 2007,” declares John Goff, head of fixed income structuring for Asia-Pacific at Nomura. “We absolutely see Asia as the number one growth market for the whole world.”Credit crisis, what credit crisis? Listen to the rhetoric of some top derivatives bankers and consider the money that they aim to spend on building structured products teams, and it would appear that the region’s investors are set to return to risky products that just six months ago they would have avoided like the plague. “Many of the region’s investment banks are hiring derivatives bankers. They really see this business coming back,” said a senior fixed income headhunter.The hiring push started in fixed income, but it won’t be long before equities bankers find more recruiters at their doors. For now it seems the...

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