Best Derivatives Providers: Latin America

WINNERS: LATIN AMERICA

 

Best Derivatives Provider
Société Générale
Few other banks can claim as vast and deep a reach across the fragmented continent of Latin America—and across all classes of financial derivatives—as Société Générale. This is partly a function the bank's reorganization of its commodities, credit, equity, FX and interest rate derivatives sales teams into a single "cross-asset solutions" group in July 2009. This streamlined approach has helped deepen existing inroads into a wide variety of institutional investors, such as pension funds in Chile that have bought Société Générale's proprietary exchange-traded funds and pension funds in Honduras that have invested in a basket of hedge funds arranged by the bank, says Samuel Rosenberg, head of sales at SG Americas Securities in New York. In a region where the predominant investment strategies are fixed-income-oriented, most of Société Générale's derivative offerings are yield plays, and a growing area of demand is for hedges against hyperinflation. Last summer, for example, the bank created a 100% principal-protected note for a Mexican pension fund that was guaranteed at the local rate of inflation to pay the best of three different investment profiles linked to commodities, equities and credit at maturity.

 

 

alt Best Derivatives Providers By Region And Exchanges:

North America

Europe

Asia

Middle East

Exchanges

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