National Bank of Canada (TSX:NA) was recently rewarded for both its structured products and approach that is adapted to the needs of individual and institutional investors.
The bank’s team responsible for structured products accepted the highly sought-after Structured Products Canada House of the Year, Americas Award during a ceremony in Miami on May 8.
This award highlights the bank’s innovation in 2013 in developing structured products, and was given by London’s internationally renowned magazine Structured Products.
“This prestigious award recognizes the creativity and ability to innovate demonstrated by all the units involved in engineering and distributing structured products within National Bank, in order to meet the needs of clients,” said Vincent Marquis, Managing Director, Structured Solutions Group, in a release. “It covers all of National Bank’s structured products, notably the variable-return GICs that are distributed in the branch network, which are standout products in the industry, and are known for their unique features and innovative structures.”
The bank also received another distinction in April at the mtn-i 2014 Awards. The mtn-i, an internationally known organization in the structured product sector, decided to include Canadian institutions among their nominees for the first time this year.
National Bank was recognized for its “Bespoke Notes Program” and becomes the first Canadian bank to take home the honours for its made-to-measure products offered to individuals for a multitude of underlying needs. The “Bespoke Notes Program” offers investors a process that facilitates the creation of non-principal protected deposit notes that are tailored to reflect a targeted strategy that meets each person’s specific needs.