New Office
BBVA Expands Into Hong Kong, New York
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.
