Derivatives specialist Leonteq has collaborated with Basler Kantonalbank, a Swiss cantonal bank, to provide structured investment products.
Under the agreement, Basler Kantonalbank will become the issuer of structured investment products that will be distributed to customers of both the parties in Switzerland.
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By GlobalDataLeonteq’s contribution to the partnership will be to offer services along the value chain.
Basler Kantonalbank deputy CEO and head of Distribution Commercial Clients Luca Pertoldi said: “The digital transformation of our business model is a cornerstone of our Strategy 2018 to 2021.
“With its state-of-the-art tools and innovative solutions, Leonteq will help us to achieve our ambitious goals and expand our structured product capabilities.”
The first product distributed under the tie-up is expected to be available for subscription from next Monday.
Plans are on to expand Basler Kantonalbank’s offering further on Leonteq’s multi-issuer platform by the end of this year.
At the end of last year, Basler Kantonalbank had CHF27.3bn in assets and a total capital ratio of 20.0%.
The latest alliance is Leonteq’s third collaboration for structured investment products in around two weeks.
Earlier this week, Leonteq cooperated with Swiss financial institution PostFinance for structured investment products.
Last week, the derivatives boutique teamed up with Rand Merchant Bank to develop and distribute structured investment products.