Five months after Cheril Lee joined Goldman Sachs, the "Goddess of Derivatives" is making her debut offering with listed warrants available to retail investors through local brokers.
They are expected to be available on the Hong Kong Stock Exchange on Monday (November 7) during a first-ever listing ceremony for a warrant at the start of the trading day (that privilege is usually reserved for IPOs).
"Goldman Sachs has a wealth of knowledge and expertise in the warrants business across the globe, especially in Japan and Europe," says David Voon, managing director and head of structured products in Asia. "We're delighted to now be able to offer our knowledge and expertise to Hong Kong investors."
The bank goes on to describe this offering as "representing the start of a significant commitment by the global firm to becoming a major participant in the Hong Kong warrants market." Lee, who is not actually called the Goddess at Goldman Sachs, but rather goes by the more standard title of executive director and head of securitized derivatives products in Asia, leads the firm's warrants team.
The first batch of warrants consists of eight series of warrants. They are: 9821 China Aluminum Call, 9822 China Life Call, 9823 HSCEI Call, 9824 HSI Call, 9825 China Mobile Call, 982, HSBC Call, 9827 HSCEI Put, and 9828 HSI Put.
If you want to learn more about them, you can check out the bank's new website, which it launched for this product: www.gswarrants.com.hk. But you need to be able to read Chinese -- as these products are targetted for the local market. An English language version of the site, though, will be available in the future.
