For the first time in history, BBVA Group has been recognized as the best structured products house in Latin America by the specialized journal Structured Products. This award echoes previous distinctions for BBVA structured products activity in Spain.

For the first time in history, BBVA Group has been recognized as the best structured products house in Latin America by the specialized journal Structured Products. This award echoes previous distinctions for BBVA structured products activity in Spain.

The award was collected by Manuel Meza, the director of Global Structured Solutions Latin America, in a ceremony held in Miami on May 2nd.

The Incisivemedia Group's journal especially valued BBVA's innovation in launching in the local markets of Mexico and Peru new products that satisfied demand that had previously been unmet. As Manuel Meza explained, "we have launched products like autocallable warrants that were really innovative, because they did not previously exist in Mexico.  We worked hard to understand what customers wanted and we saw that they were familiar with such products in the American market, and they wanted to find them in the local market".

In Mexico, BBVA holds a position of absolute leadership. In 2012, BBVA Bancomer had 41.5% of the market share in warrants and it was the largest market issuer of structured note products, with a share larger than 28%.

For Manuel Meza, "investors believe there are good investment opportunities in Mexico. They are more interested in equity markets than other products and want to benefit from the additional returns yielded by such structures".

To select a recipient of the award, the journal interviewed a number of customers, including the director of mutual funds, structured products and discretionary accounts international wealth management at Scotia Inverlat Casa de Bolsa, Juan Suárez Ocejo, who stated that "BBVA is one of the best banks for structured products because it has a good structured products program and it is very competitive in terms of price and fees".

The other country where BBVA Group has outperformed is Peru, where the development of the private banking sector has triggered demand for more sophisticated investment products.  Demand was focused in commodities and, most of all, in the currency market, where interesting opportunities arose to leverage the revalorization of the local currency, the nuevo sol.

Finally, the journal highlights BBVA's training work and post-sale service.

Global Structured Solutions is part of the professional team of BBVA Corporate & Investment Banking. It is comprised of over 30 professionals throughout the world working in product structuring and supporting the Global Markets sales teams.