Icap expands property derivatives business into Asia-Pacific

Icap has expanded its property derivatives business into the Asia-Pacific region. The new office will be headed by George Dranganoudis in Singapore, who has held senior roles at the UK-based interdealer broker in Asia and Europe in the past decade.

Icap said there is increasing demand for these instruments from the interbank community, hedge fund managers, asset allocators and property-related industry groups globally. The broker already offers such services in Europe and the US.

“The need for derivatives-based structured solutions is highlighted by the recent dislocation and volatility in global markets and the scarcity of effective risk-mitigation tools for property-sector participants,” said Paul Rostas, head of property derivatives at Icap.