Saxo Bank Partners with Zurich Fintech Leonteq
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Saxo Bank is enhancing its structured investment product offerings through a strategic collaboration with Leonteq.
Leonteq and Saxo Bank have initiated a partnership focused on the development and distribution of structured products, as announced by both companies on Tuesday. Under this agreement, Saxo Bank will take on the role of a sponsor within a standardized white-label issuance model developed by Leonteq while also managing the distribution of these financial products.
Moreover, Leonteq has secured an international distribution mandate from Saxo Bank, granting the firm access to Saxo’s global distribution network. The first structured products, backed by Saxo Bank, are expected to be available on the Leonteq platform by 2025, subject to regulatory approval.
Focus on the Swiss market
Leonteq also intends to feature Saxo Bank-backed structured products on its digital investment platform.
«The partnership with Leonteq marks a significant step for Saxo Bank in expanding our structured investment product offerings, particularly for our rapidly growing Swiss client base. This collaboration represents a genuine win-win situation,» stated Kim Fournais, CEO of Saxo Bank.
Questions & Answers
Q.What is the primary purpose of the partnership between Saxo Bank and Leonteq?
What is the primary purpose of the partnership between Saxo Bank and Leonteq?
The partnership focuses on the development and distribution of structured products. Saxo Bank will sponsor these products within Leonteq's white-label model and manage their distribution, while Leonteq gains access to Saxo's global distribution network.
Q.When are the first structured products from this collaboration expected to be available?
When are the first structured products from this collaboration expected to be available?
The first structured products, backed by Saxo Bank, are anticipated to be available on the Leonteq platform by 2025. This timeline is subject to receiving the necessary regulatory approval.
Q.Which specific market is a key focus for Saxo Bank following this agreement?
Which specific market is a key focus for Saxo Bank following this agreement?
Saxo Bank's CEO, Kim Fournais, highlighted that this partnership is a significant step for expanding their structured investment product offerings, particularly for their rapidly growing client base in the Swiss market.
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