Leonteq announces Partnership with BIL
Leonteq AG has announced that it has entered into a new partnership with Banque Internationale à Luxembourg (BIL) for the manufacturing and distribution of structured investment products.
Leonteq and BIL have reportedly initiated a partnership for the issuance and distribution of structured investment products, Leonteq said in a press release. BIL will join Leonteq’s technology platform for fully white-labelled issuers and leverage Leonteq’s expertise to create and distribute structured products, the firm stated.
As part of their cooperation, Leonteq will provide BIL with a broad range of services along the entire value chain, including distribution, product structuring and issuance.
In this context, BIL will be responsible for the distribution of its structured investment products to its own clients, while Leonteq has received an international distribution mandate giving BIL access to a broad base of qualified investors across Europe and Asia. The first BIL structured investment products are expected to be available on Leonteq’s platform in the second half of 2020, read the press release.
Marcel Leyers, CEO, Banque Internationale à Luxembourg, 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.”
Lukas Ruflin, CEO, Leonteq, 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.”
Founded in 1856, BIL is the oldest multi-business bank in the Grand Duchy, which has played an active role in the main development stages of the Luxembourg economy. It currently operates in Corporate, Private and Retail banking as well as in the Capital Markets business. Employing more than 2,000 staff, BIL is present in the financial centres of Luxembourg, Switzerland, Denmark, the Middle East, and China. The bank has EUR43.5 billion in assets under management as well as a Standard and Poor’s A- and a Moody’s A2 long-term issuer rating, reports Leonteq.
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