Contineo, a wealth technology firm focused on structured products, has launched a lifecycle management tool targeting private banks.
Designed as a client engagement tool for structured products, the offering allows wealth managers to monitor product events and the underlying performance of their clients’ investments.
Once a client places a trade, the tool allows relationship managers to get a portfolio overview, indicative bid prices and issuer notifications.
Additionally, the platform provides details of the performance and barriers to watch for the underlying structured product, as well as corporate actions and client reporting and documentation.
CEO Antoine de Charnacé said the product has already gone live at one of Contineo’s eight private banking clients in Asia.
‘Similar to having a portfolio overview on your positions in equities or bonds, the private banks are in need of a post­trade functionality for structured products,’ he told Citywire Asia.
‘The level of post­trade services may differ from issuer to issuer. The new tool is a way to get one­click reporting and be able to retrieve all product details across all the manufacturers in one go,’ he added. Contineo is currently working with 15 structured product issuers.
The new launch builds on the Hong Kong­based firm’s existing product suite, which includes a tool that allows private banks to send pricing requests and place orders for equity­linked structured products.