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UK Structured Products Association welcomes Crédit Agricole CIB as a new member
18 November 2020: Today, the UK Structured Products Association ("UKSPA”) announces that Crédit Agricole CIB will join as a new member with immediate effect. This brings the total membership of the UKSPA to 17 firms and affirms the position of the UKSPA as an important and influential industry body.
Crédit Agricole CIB is the corporate and investment banking arm of Credit Agricole Group, the 12th largest banking group worldwide in terms of tier 1 capital (The Banker, July 2020). It has been based in London since 1870 and has a deep knowledge of the UK market through long-standing relationships with corporates and financial institutions. It offers a large range of products and services including structured products in the UK, via plan managers.
Zak De Mariveles, Chairman of the UKSPA, comments on the new member:
"We’re facing unprecedented times with investors facing more uncertainty than ever over the coming years. As the structured products industry rises to meet this challenge, helping investors to better tailor the risk return profile of their investment portfolios, it is more important than ever to have a strong and influential trade body able to provide an open forum that helps shape the future of the industry. As one of the world’s biggest financial services firms, we are delighted that Crédit Agricole CIB will be working alongside our existing members to help us achieve our goals.”
Gaël Riboulet, Global Head of Structuring and Sales for Equity Investment Solutions at Crédit Agricole CIB said:
"We are delighted to become a member of the UKSPA, a prominent actor of the structured products industry in the United Kingdom, and are looking forward to working with its members as some unprecedented challenges about regulation and sustainable finance lie ahead. In our view the United Kingdom benefits from one of the most sophisticated structured products markets, which holds promises for expansion, and this membership demonstrates our commitment to develop further our franchise across Europe."
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