Swiss derivatives firm Leonteq has signed an agreement with one of Africa’s largest banks. The two companies will work together to make and distribute structured investment products.
Leonteq and Rand Merchant Bank have launched a cooperation, according to which they will jointly develop and distribute structured investment products, the Swiss company said in a statement on Thursday. Rand Merchant Bank is a unit of FirstRand Bank Limited.
Rand Merchant will join the tech platform of Leonteq for fully white-label issuers and leverage Leonteq’s expertise to create and distribute structured products.
Access to Products in the Region
«This cooperation will give our clients unique exposure to structured investment products issued in this region, and we look forward to providing our new partner with our solutions and expertise,» said Lukas Ruflin, CEO of Leonteq.
FirstRand Limited is a South African bank listed in Johannesburg. The group is one of Africa’s largest financial services company.
Leonteq recently withdrew its guidance for the full year due to the ongoing uncertainty about the development of the pandemic and the extent to which the economic crisis will hit markets.
