Vontobel gains Crédit Industriel et Commercial as new distributor for its deritrade® Multi Issuer Platform in Asia Pacific.

Media Release 7/7/2015
Reading time: 2 minute(s)


Vontobel Financial Products is pleased to announce Crédit Industriel et Commercial (CIC)  to its deritrade® Multi Issuer Platform (deritrade® MIP) in Asia Pacific. This major milestone for deritrade® MIP demonstrates the increasing demand from distributors globally and in Asia Pacific to benefit from the materially reduced operational costs and improved client offering enabled by bringing the structured products industry to the digital banking world.


deritrade® MIP brings a unique ‘front-to-back’ offering to distributors and issuers in Asia Pacific by automating not only the price discovery of structured products, but the entire value chain from the point of issuance to distribution and post-trade life cycle management. Reduced overall costs for distributors will translate into more yield for clients, while automated processes will bring more scalability and quality, thus a much enhanced client experience. CIC becomes the seventh Distributor to join the platform in Asia Pacific this year.


Anup Gupta, Head of deritrade® MIP in Asia Pacific, commented, "Winning the support from CIC is a strong endorsement of deritrade® MIP’s track record as the leading front-to-back offering in the market. We are excited by this latest development and have every indication we will soon add more potential distributors to the platform. Besides, we are also working with a number of leading undisclosed issuers to onboard in Asia Pacific."


Remigio Luongo, CEO of Vontobel Financial Products in Asia Pacific, added, "deritrade® MIP is key to Vontobel Financial Products’ growth strategy in Asia Pacific. We are seeing an increasing need for automation in the structured products space. Our offering goes beyond automation and delivers the service to the point of sale, enabling relationship managers to create a new client experience."


This milestone follows the success of its deritrade® MIP in Europe, where it has established itself as a new market standard, featuring the seven prominent issuers Deutsche Bank, J.P. Morgan, Morgan Stanley, Société Générale, UBS, Vontobel and ZKB, representing more than 70% of the sizable exchange traded SP volume in Switzerland. Its distribution franchise is growing rapidly, bringing its product offering directly to relationship managers at private banks and independent asset managers via its purpose build user interface.



Media Relations:
Rebeca Garcia
+41 (0)58 283 76 69
Investor Relations:
Michel Roserens
+41 (0)58 283 76 97


Legal information This document is for information purposes only and does not constitute an offer of any kind. The services described in the document are supplied under the agreement signed with the service recipient. The nature, scope and prices of services and products may vary from one country to another and may change without notice at any time. Certain services and products are not available worldwide or from all companies of Vontobel. In addition, they may be subject to legal restrictions in certain countries.