Five new members for SSPA
The admission of five new members since the beginning of the year underpins the next step towards a broad-based sectoral association – the association newly counts 31 members.
Steve O’Hanlon, CEO at Numerix, explained the reason for joining SSPA as follows: «Our dominance in structured products technology speaks to how Numerix is looking to differentiate in the marketplace by bringing core and critical components together in a cross-asset infrastructure. As we are active in continuing to expand our business in Switzerland and other surrounding financial centres – these efforts are underscored by our membership in the association.»
Maurice Picard, CEO of Picard Angst, issued the following statement about joining the Association: «We aim to offer our clients tailored, innovative solutions. Particularly in the current environment, structured products offer interesting opportunities to take account of new requirements and market developments. As active solution providers, we are keen to help shape the Swiss financial centre, thereby contributing our know-how as effectively as possible. For this reason we are looking forward to conducting efficient dialogues within the SSPA, enabling the Association to continue setting industry standards.»
Matthias Courvoisier, partner at Baker McKenzie, on the decision to join the SSPA: «As a law firm, the structured products sector is a very important one for us in the Swiss business. Thus, membership of the SSPA enables us to actively engage in the Swiss financial centre and advancing the entire structured products industry – it also underpins our local commitment.»
Sylveline Besson, Global Head of Structured Products and OTC Derivatives at Indosuez Wealth Management, explained the SSPA membership as follows: «Structured products constitute an alternative to traditional investments and provide attractive solutions tailored to meet the specific expectations of our private clients. As an active designer and distributor of products not only in Switzerland, but also globally in major Wealth Management markets, we decided to join the SSPA to underscore our long term commitment to structured products and to contribute together with the SSPA to the development of our industry in Switzerland and outside its borders.»
Nicolas Walon, Head Financial Engineering at Bank J. Safra Sarasin Ltd, commented on the admission to the SSPA: «As a sustainable Swiss private bank, we offer dynamic and personalised services, and provide best-in-class solutions across the entire breadth of investment opportunities. Structured products and derivative solutions play an important role in our client offering. We are therefore delighted to join the SSPA, reaffirming our commitment to the industry as well as the Swiss financial centre.»