Banque Internationale à Luxembourg (BIL) has entered into a new partnership with Swiss derivatives specialist Leonteq to issue and distribute structured investment products.
As agreed, BIL will join Leonteq’s technology platform and will leverage the latter’s capabilities to deliver structured products.
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By GlobalDataAdditionally, BIL will have access to a group of qualified investors across Europe and Asia.
The first BIL structured investment products will be rolled out on Leonteq’s platform in the second half of this year.
BIL CEO Marcel Leyers said: “The collaboration with Leonteq allows us to provide our own structured products in a highly automated and efficient manner, which will substantially improve our client value proposition.
“Leonteq’s large distribution network will also help us to extend our reach and further strengthen the BIL brand recognition in key markets globally.”
Leonteq CEO Lukas Ruflin said: “We are excited to partner with Banque Internationale à Luxembourg, a key player in the Luxembourg financial market and a reputable name internationally.
“The cooperation will provide our clients exposure to a distinct range of structured investment products issued under the Swiss and European Prospectuses.”
Last week, Leonteq reported an 82% slump in H1 2020 net profit due to the impact of the Covid-19 pandemic.
The firm’s net profit in H1 2020 was CHF5.5m.
Recently, Leonteq also partnered with American asset manager Blackrock to develop and distribute derivative products.