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Source: Vontobel
Hamburger Sparkasse AG (Haspa) and Vontobel are entering into a partnership regarding the use of deritrade under which Haspa will give investment advisory clients the opportunity to tailor structured products to their individual needs live and in real time during consultations.
Haspa is the leading bank for private clients and small and medium-sized corporate clients in the Hamburg Metropolitan Region. deritrade is the leading multi-issuer platform from Vontobel that features state-of-the-art technology and is today used by around 120 banks and 600 independent asset managers and investment advisors to create customized structured products. Haspa investment advisors will now also be able to use this fully digitalized solution to create individual products for and with their clients in a matter of seconds.
“We are delighted that Haspa will deliver the full potential of structured products to its sophisticated clientele by introducing deritrade – enabling them to benefit from swift and easy access to individually tailored offerings. For years, deritrade has been supporting its platform partners in Germany with its fully digitalized processes. This partnership with Germany’s largest savings bank in one of the country’s strongest economic regions will show how deritrade can be deployed in the German market. We also expect this to give additional momentum to tailored structured products in Germany,” explained Anton Hötzl, a Member of the Management Board of Bank Vontobel Europe AG.
Vontobel deritrade allows professional financial service providers to independently create tailored investment solutions in real time for their clients – they can even use it interactively during consultations. The platform makes it easy to tap into the strengths of structured products, enabling new products to be customized and issued in a very short space of time. This makes it possible to react flexibly to client needs and attractive trends and to also efficiently seize opportunities as they arise in the market.
Financial Services