BNP Paribas (BNPP) will be the first provider to supply structured products to be distributed through OMI’s network.
The bank has already created a product range, known as Committed to The Future (CTF) Investments, aimed at the offshore advisory market.
OMI said the initiative will “set a benchmark for structured products” in a bid to shape the solutions available in the international market.
“OMI is playing an active role in supporting international advisers through the process of transformation, helping them create sustainable businesses which are ‘Future Fit’,” said the insurer.
The new structured products will be available through OMI’s portfolio bond in the Middle East, Europe, Latin America, and Asia.
Future fit
Prakash Chandramohan, head of product for Old Mutual International, comments: “This initiative complements our Future Fit programme for advisers and demonstrates our commitment to leading the market towards better value solutions for international advisers and investors.
“The criteria that these new products meet will set a new benchmark for the structured products industry in international markets. We believe the benefits to advisers and customers will be self-evident, whether they look at the coupon levels, protection barriers or simplicity of the underlying assets on offer with the new products.”
