Structured product providers fight back

After unforeseen complications put the structured products sector on the ropes, eight retail providers have banded together proving the asset class was down but not out

Any marketing manager worth their salt knows unforeseen complications often go hand in glove with great success. Those working in the structured product market have certainly learnt that lesson this year. Even though the sector had bumper sales, it had opprobrium heaped on it by a number of critics. The collapse of four structured product plan providers since June this year gave detractors of the sector plenty of ammunition. Three out of those four collapsed because they used Lehman Brothers as their counterparty and the untimely demise of this investment bank triggered their sudden deat...