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Team targets derivatives growth

Derivatives is an industry that has enjoyed growth because of the expansion of the global and new technologies markets and Perth-based stockbroking firm, Paterson Ord Minnett, has established a dedicated department to tap into this lucrative market.

To head the team is Andrej Karpinski, formerly the executive chairman of the Americorp Group, who has been appointed as senior manager.

Assisting him will be Ben Sutton, moving from Sanford Securities, who has been appointed as manager of the derivates department.

Mr Karpinski has lectured for 14 years at the Securities Institute on futures, options, pricing, evaluations, and risk management as well as publishing articles on derivatives.

Paterson Ord Minnett’s exec-utive chairman, Michael Manford, said Mr Karpinski’s appointment and his specialist knowledge of derivatives would provide the impetus to make the derivatives desk highly successful.

“Andrej has an unparalleled knowledge of the derivatives market and experience in econometric modelling, statistical analysis and quantitative analysis that will assist our private and institutional clients make quite substantial profits from dealing in derivatives,” he said.

He said the company was aiming to become the principal provider of advice and dealing in any kind of derivatives execution in shares in Western Australia. It had established the infrastructure, technical analysis, software capabilities and team that will see Paterson’s excel in this short to medium-term investment market.

Mr Manford said the derivatives team members would be fully accredited to transact in both equities and derivatives, providing a more comprehensive and professional service to clients.

He said the department has been designed to help both professional and retail traders by breaking through the hype and analysing the benefits of using derivatives on a case-by-case basis.

Paterson Ord Minnett is a fully integrated Australian stockbroking operation, with national and international affil-iations with some of the world’s largest stockbroking houses.

Whilst Mr Karpinski said the firm was expanding into the derivatives market they are most heavily involved in equities with the majority of employees in the company handling equities, and those on the derivatives desk trained to transact in equities.

Paterson Ord Minnett is controlled by Ord Minnett which owns a controlling 50 per cent of the stockbroking firm.

Ord Minnett is an Australian stock broking firm with international offices in New Zealand, New York, San Francisco, London, Tokyo, and Hong Kong, and is 50 per cent owned by Asian merchant bank Jardine Fleming.

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