Leonteq is nabbing an experienced banker from a competitor. He will head sales in a key growth market for the Swiss boutique.

Zurich-based Leonteq is appointing Edward Ho as head of Asia sales, effective January 1, 2022, according to an internal memo. Ho will be based in Hong Kong and will replace Christian Gmuer, who will focus on recruitment, staff retention and business development globally.

As part of his role, Ho will coordinate Leonteq's business activities in Hong Kong, Singapore and Tokyo. He will also oversee the development of the platform, the memo said. Asia is an important market for Leonteq and plays a crucial role in its growth strategy, the firm said.

Ho will join the Switzerland-based derivatives boutique from Merian Global Investors Hong Kong where he has worked since 2018. Previous stations in his career include Merrill Lynch, Bear Stearns, Standard Chartered, and Wells Fargo's asset management arm.