Swiss fintech firm Leonteq has entered into a cooperation partnership with VP Bank for the manufacturing and distribution of structured investment products.
As part of this cooperation, VP Bank will utilise Leonteq’s technology platform to price, trade and distribute VP Bank investment products to its clients.
VP Bank will be responsible for the distribution of these structured investment products to its own clients, while Leonteq has received an international distribution mandate from VP Bank providing it access to Leonteq’s broad network of investors globally.
The first VP Bank guaranteed structured investment products are expected to be available on Leonteq’s platform in the first quarter of 2022, subject to regulatory approvals.
Wealth management push
Lukas Ruflin, chief executive of Leonteq, said: “We are pleased to welcome VP Bank, a leading bank for private clients and intermediaries, onto our white-labelling platform.
“This cooperation will provide clients unique exposure to structured investment products, and we look forward to providing our new partner with our solutions and expertise.”
Paul Arni, chief executive of VP Bank, added: “Thanks to the cooperation we have the possibility to act as a guarantor which allows us to offer our clients a comprehensive and attractive range of structured products in the future.
“This underlines our ambition to be an international wealth management service provider. Leonteq is the ideal service and technology partner for this, as the competencies of both companies complement each other perfectly.”