Some muscle added

Absa Corporate and Merchant Bank (ACMB) has strengthened its merchant banking team with the establishment of an independent structured products business unit.

The core of the new unit consists of eight team members formerly from Escher Structured Products (ESP). André Visser has been appointed to head the business unit.

The team will focus on providing capital protected and other alternative investment portfolios to the institutional and retail market.

“We utilise derivative strategies to construct these portfolios and a proven, independent pricing procedure is implemented to ensure that clients are provided with the best possible overall structured portfolio,” explains Visser.