Credit Suisse has appointed Delta Capita to manage its structured products business across Europe, the Middle East and Africa.
Delta Capita will take on a number of the existing Credit Suisse team as part of the arrangement to accelerate the growth of its structured product and governance managed service business.
Larry Fletcher, head of the solution’s business at Credit Suisse, explained new regulation has led to an opportunity for the industry to work together to improve standards and lower costs.
“We have seen real commitment across the structured products industry to improve product governance standards and the quality of products for end clients,” he said.
In September last year, Plato Partnership outsourced its management to Delta Capita, including the oversights of its research and analytics unit, MI3.
Delta Capita had been heavily involved in the Plato Partnership, carrying out the role of advisor and project delivery in the early stages of its launch.
Joe Channer, chief executive officer of Delta Capita, said working with clients to support specific needs provides an opportunity to “to deliver a utility for structured product production.”
He added that he expects the agreement with Credit Suisse to “result in more consistent standards, lowering of costs and improving efficiencies.”