Stanchart Launches Offshore Fixed Income Product
Monday, November 16, 2015
Peter McC van Riet-Lowe.PIC: KENNEDY RAMOKONE
The bank is the first in the market to make these investment instruments available to retail customers through a local distribution channel.
Biswaroop Barua, group head of credit products at Standard Chartered Bank Singapore said the primary purpose of offering fixed income instruments is to service clients who typically have a low-to-medium risk appetite.
Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...