Delta Capita, the managed services provider and international business and technology consulting firm, has been appointed by Credit Suisse, one of the leading European issuers of structured products and structured product solutions, as service provider for issuance and product governance of its structured products business across EMEA.

Delta Capita will transfer over a number of the existing Credit Suisse team as part of the appointment, increasing capabilities and accelerating the growth of its structured product issuance and governance managed service offering.

“We have seen real commitment across the structured products industry to improve product governance standards and the quality of products for end clients,” said Larry Fletcher, head of Credit Suisse’ Solutions business in EMEA. “New regulation will standardise the way in which products are packaged and delivered which provides an opportunity for the industry to work together to improve standards whilst lowering costs for end customers. We expect Delta Capita to be a leading player in delivering these improvements.”

The announcement follows Delta Caita’s appointment as managed service provider to the Plato partnership in September 2016 and appointment earlier this year to a consortium of banks responding to the regulation on key information documents for Packaged Retail and Insurance-based Investment Products (PRIIPs).

Joe Channer, Chief Executive Officer of Delta Capita, added: “By working closely with our clients to support their specific needs, not only is there a clear path to achieving best practice in product governance, but an opportunity to deliver a utility for structured product production. We expect this to result in more consistent standards, lowering of costs and improving efficiency. The upshot is that our customers will be allowed to focus their efforts on product development for their clients safe in the knowledge that they have a scalable and high quality service, coupled with a platform capable of supporting their business.”