Jubilee contender for NDFA assets

Jubilee Financial Products (JFP) has expressed an interest in acquiring parts of structured product provider, NDFA, which went into administration yesterday.

The firm registered its interest with administrator Grant Thornton earlier today and says while its business style differs greatly from NDFA it sees this as an opportunity to position itself as the primary UK structured product provider.

"Despite operating in the structured product space there are clear differences between a business like Jubilee Financial Products and NDFA," says JFP chief CEO, Adam Habib.

"Nevertheless, we may be interested in acquiring parts of the NDFA business as part of our ongoing strategy to establish Jubilee as the UK's leading independent provider of structured products."