Last chance: Vontobel and finews.asia are pleased to invite you to an exclusive event about «Capturing Yield in 2023» this coming Wednesday.
«Fixed income markets are on the top of investors' minds right now. With interest rates at their highest in a decade and credit spreads continuing to widen, there are numerous opportunities to seize.
The luncheon will take place at the Capitol Kempinski Hotel Singapore on May 31 2023 starting at 12.00 p.m. Certificates of attendance will be provided for the purpose of CPD.
You will discover the yield opportunities in 2023 and explore the issues and solutions arising from new Structured Products, notably, Vontobel’s latest innovation: Credit-Linked Notes (CLN) offering high yield with daily liquidity and $100k minimum launch size. We look forward to welcoming you.
Program:
- Introduction to Vontobel by Markus Pfister
- Vontobel's Strenth by Georg von Wattenwyl
- From a Financial Point of View
- From a Client Servicing Point of View
- CLN as a flow product by Sebastien Moretton
Markus Pfister, Sebastien Moretton, Georg von Wattenwyl (from left)
What is a Credit-Linked Note (CLN) and how does it work?
A CLN is a fixed-income structured product that allows investors to gain exposure to the credit risk of reference entities (i.e. bond issuers). It is structured with a short Credit Default Swap (CDS) position on the reference entity, combined with the bond yield of the issuer (Vontobel). Higher yields can potentially be achieved by investing CLNs versus direct bond investments.
The product gives periodic coupon payments and full redemption of the invested amount at maturity, provided that no credit event occurs (as defined by ISDA). If a credit event occurs, the CLN will be redeemed prematurely and the client receives a Liquidation Amount that corresponds to the market value of the reference bond.
Speakers
Markus Pfister is Head of Structured Solutions & Treasury and a Member of the Global Executive Board at Vontobel. Before that, he spent more than 20 years in derivatives and structured products in various management positions, since 2004 at Vontobel. There, he was jointly responsible for building up the structured products business. First as Head of Structuring and later as Head of Financial Products Engineering & Development, before becoming CEO of Vontobel's Investment Banking in 2019. Prior to joining Vontobel, Markus Pfister was Head of Global Equities and Derivatives at Banca del Gottardo between 2001 and 2004 and worked at Bank Leu from 1994 to 2001, where he was Head of Trading Derivatives from 1996.
Georg von Wattenwyl is a financial industry veteran with over 20 years of experience with leading firms. He brings with him a spectrum of corporate banking and finance experience, beginning his career as a foreign exchange trader at Credit Suisse. In 1998, he joined Bank Vontobel and was responsible for developing and trading derivative products. Several years later, he was put in charge of the global advisory and sales for all financial products. In 2019, he was appointed as Head of Wealth Management Asia and CEO of Vontobel Singapore. In 2022, he became the Global Head of Structured Solutions Financial Institution. Apart from his role at Vontobel, he also holds the position of Chairman of the Board of the Swiss Chamber of Commerce and Industry in Singapore.
Sebastien Moretton has over ten years of experience in Structured Products and Distribution in both Hong Kong and Singapore. He started his career at Societe Generale in Singapore in 2012 shortly before moving to Goldman Sachs’s Investment Management Division. In 2017, he joined Vontobel’s Structured Products sales desk in Singapore, covering EAM and Private Bank distribution. In 2021 he took over responsibility for Hong Kong distribution, relocating there. Finally, in 2022, he took over the overall Asia sales responsibilities.
