The name will have immediate international recognition and is well known by institutional clients.
There si growing buy-side demand for the capital efficiencies, transparency and central clearing.
This strengthens the South Korean group's ability to serve investors across the Gulf region.
The two asset managers are likely to continue jockeying for first place.
The ETF is backed by a $2.5bn investment from UC Investments.
The group of 21 firms includes Fidelity Investments, Goldman Sachs, Deutsche Bank, UBS & MUFG Bank.
This allows hedge funds to avoid potentially significant costs associated with implementation.
Nomura Asset Management International appointed Linda Galsim as Global Head of Product.
The trading landscape, especially for OTC products, is undergoing profound change.
