UK Structured Products Association welcomes Target Servicing Limited as a new member
23rd November 2015Today, the UK Structured Products Association (UKSPA) announces that Target Servicing Limited (Target) will join as a new member with immediate effect. Target is the third firm to join the UKSPA in 2015, bringing the total membership to 16 firms.
Target Servicing Limited has been providing administration and custody services to UK structured product providers for over five years. It is part of Target Group, one of the UK's longest standing servicing and software providers, serving over 50 major financial institutions across the UK, Australia and New Zealand. In 2015, Target Group has invested heavily to grow their structured products business, not only to extend the services they offer existing providers but also to launch their own range of UK retail structured products under the 'Hartmoor Financial' brand.
Zak De Mariveles, Chairman of the UKSPA, comments on the new member:
"We are delighted to welcome Target Servicing Limited as a member of the UKSPA. Our member firms range from global investment banks to independent providers and the UKSPA gives our members an open forum to represent the industry in a united way. The fact that our membership has grown so considerably in the past 2 years demonstrates that the UKSPA is increasingly seen as an important and influential body representing the structured products industry."
Mike Newman, Director of Structured Products at Target, adds:
"The UKSPA is an important organisation that provides a communal voice for the structured products industry in the UK, leading the way in driving best practice and educating the investment community. We are delighted to be accepted as a member of this growing and increasingly influential industry body and look forward to collaborating with our peers in the market to shape the future of the structured products market."
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