Swiss derivatives specialist Leonteq is furthering its European expansion through the opening of an office in Italy.
The office opening in Milan is part of the Zurich-based company’s plan to expand its presence across the globe, according to a statement released on Monday. The launch in the Lombard capital was a natural step to take given the ever-faster development of its business in Italy and would help it service clients in that market.
Leonteq put Marco Occhetti in charge of the office in Milan, which was opened at the beginning of October 2020. Occhetti, managing director of Leonteq and head of Southern Europe, joined the company in 2015 and dedicated his time to building the business in Italy over recent years.
Italy a Promising Market
Before he joined the Swiss company, Occhetti had been in charge of the private banking investment solutions business of Commerzbank in the Ticino region of Switzerland as well as Southern Europe. From 2007 through 2009, he served as president of equity derivatives at Deutsche Bank, catering to institutional clients’ needs. He also worked for Morgan Stanley in institutional equity derivatives.
Italy has developed into a promising market for structured products and more than 1,000 Leonteq certificates are listed on the EuroTLX and SeDeX platforms, the Swiss said.
Cooperation With EFG International
The company started listing its certificates on EuroTLX in 2016 and launched on SeDeX in October 2019. The demand for structured products in Italy has been part of the reason why products designed by EFG International, the Swiss private bank, were included on the platform of Leonteq at EuroTLX starting this year.
