Miami-based broker-dealer ACP Securities has signed a take care of Capital Imaginative and prescient Group to make use of its fintech platform to assist construct out its structured product enterprise throughout Latin America and the US.
The deal will enable ACP to make use of Capital Imaginative and prescient’s fintech platform Vizibility which provides price discovery and an optimized reporting expertise for structured notes for wealth corporations, household workplaces and impartial asset managers.
The fintech platform permits monetary advisors to unfold issuer danger by offering a pool of 9 issuers to select from for his or her structured notes investments.
‘We’re not showcasing the multi-pricer factor as a differentiator as a result of everyone has a pricing instrument, however moderately the revolutionary parts of Vizibility’s platform that are life cycle administration and reporting expertise, mentioned Aurelien Vicart, a founding associate of Capital Imaginative and prescient.
In February, ACP Securities employed Romain Le Bon as its head of structured merchandise to be based mostly within the agency’s New York workplaces as a part of its initiative to construct up the unit’s providing.
Le Bon beforehand labored as director for Natixis CIB Americas unit for greater than three years, masking the US offshore house with a selected give attention to third celebration distribution in Chile, Uruguay and Peru.
In accordance with his LinkedIn profile, he has additionally labored for Crédit Agricole, Goldman Sachs and BNP Paribas.
In the meanwhile, Le Bon is concentrated on growing the structured notes unit by bolstering its product providing and getting particular distribution agreements in place for each the US offshore and onshore markets.
‘Right now, we’re in touch with near 20 sellers and greater than two-thirds have executed TAs with us within the offshore house whereas one third has been on the onshore house,’ Le Bon Stated.
‘We’re attempting to additionally get some long-term relationships with key gamers and actors within the Andean area, be it asset managers be it household workplaces,’ he added.
Le Bon additionally mentioned that ACP had just lately signed a brand new lease for a bigger workplace house on Brickell Avenue because it seems to construct out its Miami-based crew with new hires.
ACP Securities has workplaces in Miami, Dallas, New York, Buenos Aires and Montevideo. In accordance with its web site, it provides funding banking, various funding and wealth administration providers.