the vestr Securitization podcast – Détails, épisodes et analyse

How did a structured products broker become one of Europe's fastest-growing AMC issuers? Clément Rudi from AIS Financial Group reveals SPV jurisdiction choices, onboarding pitfalls, and why AMCs are quickly replacing traditional funds.

In this episode, Romuald Orange, Global Head of Proprietary Client Interfaces at Natixis CIB, discusses the structural, operational, and market realities of delivering Actively Managed Certificates at scale. We explore how asset managers can use the AMC wrapper to execute their investment strategies and why the Actively Managed Index framework is central to product engineering and cross-format flexibility. The conversation also covers what first-time issuers need to know before launching an AMC, how Natixis connects its equity derivatives capabilities and QIS strategies to the certificate world, and how API connectivity and multi-asset structures are reshaping the global landscape of active investing.

In this episode, Anna Pinedo, Partner at Mayer Brown and Head of the Global Capital Markets Group, speaks about the regulatory, structural, and market realities of delivering Actively Managed Certificate (AMC)-like strategies in the United States. They discuss how investors access these products through SMAs, actively managed ETFs, and structured notes and why index discretion matters for regulation and tax purposes. The conversation also explores what European managers need to know before entering the U.S. market and how innovation continues to shape the global landscape of active investing.

In this episode, Bountiful Financial founders Reid Steadman and Taber Johnson explain how faith-based investing can be executed with institutional rigour. With over $10 trillion globally aligned to faith values, Bountiful offers purpose-built indices grounded in religious principles, supported by proprietary data, robust governance, and real-world access via a listed ETP. Their approach balances values with performance, offering customisation, nuanced controversy screening, and a pathway to measurable impact. Relevant for asset managers, product structurers, and wealth advisors working with clients who consider faith or values in their investment approach.

Whether you're an asset manager, fintech founder, or investor tracking the evolution of ETFs, this episode offers a front-row seat to the future of investment product innovation. How do you compete with giants like BlackRock, build successful ETF brands, and turn bold ideas into regulated products? Hector McNeil, co-CEO of HANetf, has done precisely that again and again. He shares lessons from launching Europe's first commodity ETFs, explains why Actively Managed Certificates (AMCs) are powerful tools for innovation, and explores the increasingly blurred lines between structured products, tokens, and ETFs. Plus, he unpacks the challenges of ETF liquidity, regulatory fragmentation, and why brand and intellectual property are becoming critical in active strategies.

If you want to sharpen your macro investing skills and hear firsthand insights from a trader with decades of experience, this episode with Jonny Matthews is a must-listen. As a former partner at Brevan Howard, Jonny shares how he built his own research platform, SuperMacro, developed a disciplined approach to cut through market noise and transformed his trading by writing things down. He discusses risk management, why keeping things simple is key, and how bad trades (and bank sales pitches) taught him invaluable lessons. Jonny also reveals why he was labelled the "Recession Denier", why the market often misreads economic signals, and how an Actively Managed Certificate (AMC) became the best vehicle for his strategy. We explore the fine line between investing and gambling, the psychology of trading, and why emotional discipline is critical for success. This episode is packed with unfiltered insights, real war stories, and practical takeaways.