Franck Fayard, our Head of Financial Products for APAC, joins the latest episode of Wealth BT, hosted by Genevieve Cua, Wealth Editor at The Business Times, for an in-depth discussion on structured products and why they deserve a place in the portfolio of a professional or sophisticated investor.
Whether you’re exploring new ways to enhance yield, manage risk, or diversify across asset classes like equities, currencies, commodities, or crypto, you’ll gain insights into how structured notes work and how they can be applied in real-world portfolios. With over $30 billion in structured notes issued by Marex Financial Products, Franck shares practical perspectives shaped by his experience working with investors across evolving markets and product strategies.
What’s Covered in the Episode:
Structured Notes 101: How they work, what underlies them (from equities and FX to crypto and commodities), and how they differ from traditional investments.
Customisation is Key: Why structured notes are never “one-size-fits-all,” and how they can be tailored to individual views on market direction, risk appetite, and return targets.
Types of Structured Products: Including Equity-Linked Notes (ELNs), Fixed Coupon Notes (FCNs), Credit-Linked Notes (CLNs), and Fixed Rate Notes (FRNs), with clear examples and use cases.
Capital Protection Mechanisms: Franck breaks down how zero-coupon bonds and options are combined to preserve capital while still offering upside exposure.
Crypto and Innovation: Learn how Marex Financial Products was among the first to issue crypto-linked notes in Asia, especially after the approval of spot Bitcoin ETFs in early 2024. He discusses how these notes can offer annualised yields upwards of 20%, and the risks involved.
Market Timing & Volatility: Why volatility and interest rates matter when structuring notes, and how investors can make better decisions by understanding these dynamics.
Exiting or Restructuring Notes: What happens when markets move against you, how structured notes can be unwound or extended, and how we actively help clients restructure underperforming positions.
Investor Psychology & Common Mistakes: Franck shares practical advice on avoiding herd behaviour and aligning structured products with personal convictions and timing — not peer pressure.
Structured notes are not one-size-fits-all. Done well, they allow investors to shape risk and return in ways that traditional instruments can’t — offering exposure, protection, or enhanced yield, depending on your goals.
“Structured notes allow you to tailor your investment to your convictions, whether you’re bullish, bearish, or expecting markets to stay range-bound.” Franck explains.
Listen to the full conversation below:
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