Barclays' Wealth Business Goes Live In Asia With New Structured Products Platform

Tom Burroughes

30 July 2015

The wealth management arm of UK-listed bank has gone live in Singapore and Hong Kong with the DealStation equity-linked structured products platform, operated by the banking solutions provider AGDelta.

The mandate between Barclays and AGDelta was centred on the task of making Barclays’ structured products offering more efficient by eliminating the need for manual email pricing processes; an electronic platform instead supports requests for price quotes and trade execution for a wide range of trading counterparties, AGDelta said in a statement.

The platform simplifies the flow of work between relationship managers and dealers, and between dealers and issuers, the firm said.

“The platform was already comprehensive and best in class but we also had elements we believe were specific to Barclays that we wanted to carefully embed to ensure we create maximum value-add to the business,” said Irene Chan, head of structured products at Barclays’ wealth and investment management arm in the Asia-Pacific, Middle East and Africa region.

The DealStation module that has gone live is part of AGDelta’s digital wealth investment, workflow and compliance platform.