WMG, the wealth management company of former Commerzbank board member Mehmet Dalman, will roll out a range of structured products in the second half of the year. Mark Richardson, who is heading the initiative, said he will begin work on structured products when WMG's hedge funds are up and running, which is expected to be by the end of spring.
WMG will cover a wide range of products, including fund-linked (DW, 12/3), and these will not just be private placements, according to Richardson, who was previously global head of derivatives at Commerz in London and who is also responsible for WMG's risk management platform. WMG will likely make further hires to build its structuring business, but Richardson declined further comment.
