French group launches structured finance branch

clock
French group launches structured finance branch

French financial group Primonial has launched Derivative Solutions, a company focused on the research and the development of structured products for institutional and private investors.

Primonial has partnered with Brice Gimeno, who headed and developed the structured products division of the firm (Primonial Derivatives) from 2007 to 2016, for the establishment of the new entity.

Derivative Solutions will be led by Gimeno supported by a team of four people including deputy CEO Eric Le Roux.

Between 2007 and 2016, Primonial has seen inflows of around €1bn into its structured products.

Gimeno said Derivative Solutions has set a target of €200m of net inflows for its first year.