Rabobank expands in Australia
Rabobank has expanded into the retail structured products market in Australia with the launch of a structured deposit for local investors.
The fund, C.A.S.H Deposit, is one of a number of new investment products being offered by companies facing increased demand for financial security within investment products.
It is the first time Rabobank has facilitated an offering of a structured deposit to retail investors in Australia.
Announcing the launch, Rabobank Australia and New Zealand chief executive officer Bruce Dick said the new business was designed to further expand the services Rabobank provides to the Australian market.
“The move into this new business represents the latest in the continuing development of Rabobank in Australia,” Dick said.
“Financial security is an overriding concern for so many investors during these times of significant market volatility and uncertainty. This product has been designed to provide investors with a safe haven for their principal” he said.
C.A.S.H. Deposit takes its name from the equity markets of China, Australia, Singapore and Hong Kong. Its returns are linked to the underlying performance of these markets.
C.A.S.H Deposit is the only 100 per cent principal-protected investment product issued by a AAA credit-rated institution available to retail investors in Australia, Rabobank said.
Dick said funds invested in Rabobank C.A.S.H. Deposits would be injected back into the bank’s lending activities in rural and regional Australia.
Rabobank head of retail structured products Australia Keenan Bunning said C.A.S.H. Deposit had a four-year term and would pay interest annually.
AUTHOR
George Liondis
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