A brave new world
The Asian structured products market is almost unrecognisable from a year ago. Products like accumulators and range-accrual notes have been consigned to history, as issuers and distributors seek new ways to cope with turbulence. By Richard Jory.
Asia's contingent of retail investors took their protests to the streets in Hong Kong a day before the start of the Structured Products Asia 2008 conference, and their concerns dominated the panel sessions and break-time conversation.
"In the past, customers would only focus on the deal - they would not look at the credit risk," said Bruno Lee, head of wealth management at HSBC in Hong Kong, on a panel on day one at the Island Shangri-La hotel. Fellow panelist Henry Pang, head of equities and
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