AIG Financial Products in Asia is planning to take on more cross-asset-class structurers and marketers as part of its roll out in the region. Since the inception of its Hong Kong business last year (DW, 9/1), Aditya Rana, ceo, has taken on a core team of nine people. He aims to have additional staffers in place by April, but said at this stage the numbers have not been determined.
The firm is targeting structured derivatives across asset classes, which Rana sees as its niche in the Asian market. Over the past few months AIG has experienced particular demand for its China and India-linked structures, which are principal guaranteed and contain a stock basket, coupled with the respective currencies and commodities. Rana noted that these structures had been particularly popular with high-net-worth individuals, and that they were appealing because they are diversified as well as giving access to the high-growth markets.
