Leonteq and Bergos Forge a Strategic Partnership
In an exciting development in the financial services sector, Leonteq has announced a partnership with the Zurich-based private bank, Bergos. This collaboration aims to enhance the offerings of structured investment products by combining Leonteq's advanced technology with Bergos's wealth management expertise.
Innovative White-Labeling Model for Clients
This partnership introduces a standardized white-labeling issuance model, allowing Bergos to utilize Leonteq's platform for pricing and trading its guaranteed structured products. This means that Bergos clients will now have access to an expanded range of structured investment products designed to meet various investment needs.
Benefits for Clients
Bergos clients stand to benefit significantly from this expanded access to structured investment products, which are known for their tailored investment solutions that can cater to different risk appetites and investment strategies. Furthermore, Leonteq has secured a distribution mandate that enables it to leverage its extensive network of investors in Switzerland, thereby increasing the outreach and visibility of these products.
Timeline for Product Availability
According to the announcement, the first range of guaranteed structured products from Bergos is expected to debut on Leonteq's platform in the latter half of 2024, pending the necessary regulatory approvals. This timeline reflects the commitment of both companies to bring innovative solutions to market swiftly.
Leadership Insights on the Collaboration
Alessandro Ricci, the Head of Investment Solutions at Leonteq, shared his positive outlook on the new partnership. He emphasized the efficiency and speed that their innovative white-labeling model brings to Bergos’s capabilities in offering customized structured products. This mutual collaboration is set to enhance the market offerings significantly.
Aligning Client Needs with Market Innovations
Dr. Peter Raskin, CEO and Partner of Bergos, shed light on the partnership's alignment with the bank's mission. He highlighted their aim to continuously adapt and enhance their offerings in response to client needs. Importantly, he noted the advantage of leveraging Leonteq’s expertise in trading complex option strategies while ensuring that personalized advice and the stability and trust associated with a private bank remain a priority.
A Brief Overview of Bergos Bank
Bergos is known as an independent Swiss private bank that specializes in private wealth management. Since emerging from the Berenberg Group in 2021 with a new shareholder base, the bank has continued to grow, boasting over three decades of experience in the Swiss financial center. Based in Zurich, with a branch in Geneva, Bergos employs more than 130 professionals dedicated to providing exceptional banking services.
Current Financial Standing
Bergos manages approximately CHF 7.3 billion in client assets as of the end of the previous year, showcasing its strong financial standing. Additionally, the bank reported a total capital ratio of 22.7%, reflecting its commitment to maintaining a robust balance sheet and offering security to its clients.
Frequently Asked Questions
What is the purpose of the Leonteq and Bergos partnership?
The partnership aims to manufacture and distribute structured investment products, enhancing the offerings available to Bergos clients.
When will the first products be available?
The first guaranteed structured products from Bergos are expected to be available in the second half of 2024, pending regulatory approvals.
What benefits do clients gain from this partnership?
Clients gain access to a wider range of structured investment products and benefit from the combined expertise of both firms.
Who leads the investment solutions division at Leonteq?
Alessandro Ricci is the Head of Investment Solutions at Leonteq.
How much client assets does Bergos manage?
Bergos manages approximately CHF 7.3 billion in client assets and has a total capital ratio of 22.7%.
