About us | Leonteq

Our Company

Leonteq AG is an established Swiss company in the finance and technology sector. Based on proprietary, high-powered, modern technology, the company offers products and services related to derivative investment products and predominantly covers the capital protection, yield enhancement and participation product classes. This means Leonteq AG acts as both a direct issuer of its own products and a guarantor for clients, as well as a partner to other financial institutions.

In these partnerships – in those with major banks, for example – Leonteq AG produces structured investment products using its technology platform, which are then issued by the banks and act as guarantees for buyers. Alongside its core business, Leonteq AG also helps life insurance companies to produce capital-efficient, share-linked pension products with guarantees. Leonteq AG’s partner institutions include the banks Aargauische Kantonalbank, Bank of Montreal, Cornèr Bank, Crédit Agricole CIB, Deutsche Bank, EFG International, J.P.Morgan, Raiffeisen Switzerland and Helvetia Insurance.

Leonteq AG’s proprietary technology platform makes it possible to instantly calculate complex structured financial products, even when tailored to individual customer requirements, and produce all the necessary documentation automatically in four languages. To do this, the Leonteq system accesses over 1,200 share values and other asset classes, as well as around 800 indexes as underlying assets. In addition, the Leonteq system suggests optimised, tradeable alternative combinations. In the insurance solutions business segment, the system makes it possible to manage investments 100% online at the individual policy level, complete with visualisations of all business transactions that have taken place during the term of the policy.

Leonteq AG has thus revolutionised the speed and cost structure of the finance industry in the structured products segment. The company is a member of various organisations, including the Swiss Structured Products Association.

Leonteq AG is currently focused on a strategy of continued organic, geographical growth. It aims to achieve this through the sale of its own products as an issuer, the full exploitation of its partners’ issuing capacity with products created on the Leonteq platform, and a growing number of partner institutions in the banking and insurance sector. Alongside its domestic market in Switzerland, the company is active in a number of other European countries and has been present in Asia for several years. In the first quarter of 2017, it sold its first products in Japan – the largest market for structured products worldwide. Leonteq AG consists of three business segments: Investment Solutions, Banking Solutions and Insurance & Wealth Planning Solutions.

Leonteq AG will celebrate its tenth anniversary in September 2017. The company was founded in Switzerland in 2007 and was floated on the market in 2012. After a period of dramatic growth, Leonteq AG consolidated and now employs around 450 people from more than 40 countries. The company has offices and subsidiaries in nine countries, through which it serves over 30 markets. Alongside its headquarters in Zurich, it has offices in Geneva, Frankfurt, London, the British Channel Islands (Guernsey), Hong Kong, Singapore, Paris, Monaco and Amsterdam. In the 2016 financial year, Leonteq AG posted revenues of over CHF 207 million. The company (LEON / security no.: 19,089,118) is listed on the SIX Swiss Exchange and is subject to the regulatory authority of FINMA for securities dealers. Its single largest shareholder is Raiffeisen Switzerland with a 29 per cent holding, followed by the founding partners with a 17 per cent holding.

Company Factsheet

Leonteq Company Structure — * Leonteq AG legal structure 2015

How we differentiate ourselves

Cutting-edge platform

Leonteq combines a fully automated and integrated proprietary technology platform - designed for flexibility, innovation and transparency - with an international team of specialists.

Vertical Integration

Leonteq’s service offering is vertically integrated, covering the entire value chain, and can be tailored to specific client needs. The automation of key processes helps to mitigate operational risks and to enhance client service.

Cost Leadership

Very high levels of automation lead to competitive cost per issued product, as well as allowing for small ticket sizes.

Independence

Leonteq is listed on the SIX Swiss Exchange and operates from ten offices across Europe and Asia. Our independence enables agility, whilst allowing further pursuit of our Platform Partners strategy.

Executive Committee

Jan Schoch - CEO and Founding Partner
Jan Schoch began his career in the Structured Solutions Group at Goldman Sachs in London in 2001 and then transferred to Goldman Sachs in Switzerland, where he was responsible for the Swiss business involving OTC options, futures, listed options, portfolio trading and equity finance. He built up the structured products business in Switzerland and became Head of Public Distribution in Switzerland. In 2006, Jan Schoch joined Lehman Brothers in Switzerland as Head of Equity, Commodity and Hybrid Derivatives. In April 2007, he resigned from Lehman Brothers to found Leonteq. In December 2012, effective as of January 2013, he was elected a member of the Swiss Structured Products Association (SSPA). He is also Chairman of the Board of Directors of Hotel Bären Gonten AG, Gonten and a member of the Board of Valacon AG, Gonten and Valastone AG, Gonten. Furthermore, he is President of Board of the association Swiss PKU, Gonten. Jan Schoch holds a Master’s degree in finance and capital markets from the University of St. Gallen (HSG).
Marco Amato - Chief Financial & Risk Officer
Marco Amato is a Swiss and Italian citizen, born in 1981. He joined Leonteq in September 2016. He was previously a Partner at the Assurance Financial Services Switzerland organisation at Ernst & Young and a member of the Financial Services organisation leadership team. He started his career at Ernst & Young in 2006. As a client service partner, he has vast experience in auditing financial statements in accordance with both national and international accounting standards. Marco Amato has in-depth knowledge of the front-, middle-, and back-office operations of financial institutions, and has acted as an advisor on finance transformation, regulatory, and risk management matters. He holds an Advanced Master of International Business Law (LL.M.) from the University of Zurich and a Master of Business and Econo-mics from the University of Basel, and is a Swiss Certified Public Accountant.
Jochen Kühn - Head of Insurance & Wealth Planning Solutions
Jochen Kühn joined Leonteq in January 2017. He was previously a Partner at McKinsey & Company in Zurich, which he joined in 2006 and where he was responsible for client acquisition and client projects focusing on life insurance and pension fund topics across the value chain. He has vast experience in consulting insurance companies with both national and international footprints and was a leading figure in McKinsey’s European insurance risk practice. He holds a PhD in Finance from the University of Zurich, and an MBA from the University of Tübingen.
Manish Patnaik - Chief Operating Officer
Manish Patnaik began his career at Tata Infotech Ltd., India, and Société Générale, Singapore. Between 2000 and 2011, he worked at Commerzbank, Frankfurt where he led IT focusing on equity derivatives, cash equity and research. He joined Leonteq in 2011 as Head of Front Office IT and became Chief Information Officer in 2012, before his appointment to Chief Operating Officer and member of the Executive Committee in March 2014. Manish Patnaik holds a bachelor’s degree in technology (electronics & communication) from R.E.C. (Regional Engineering College), Kurukshetra, India, and a Master’s degree in business administration (finance) from ICFAI Business School, India.
Ulrich Sauter - General Counsel
Before joining EFG Financial Products in 2007, Ulrich Sauter worked as Head of Legal & Compliance at Julius Baer Asset Management Switzerland from 2006 to 2007, and as Deputy General Counsel for Trading & Sales and Asset Management at Bank Julius Baer & Co. Ltd. in Zurich from 2003 to 2005. Previously, he worked in the banking and finance department of a major Zurich law firm (2000 to 2003), as an intern in a New York law firm and as an apprentice at the St. Gallen District Court. In addition to admittance to the Swiss bar, Ulrich Sauter holds a law degree from the University of St. Gallen and an LL.M. degree in corporate law from New York University School of Law.
David Schmid - Head of Investment & Banking Solutions
David Schmid joined Leonteq (formerly EFG Financial Products AG) in 2008 and was appointed Head of Investment & Banking Solutions in 2017. From 2012 to 2014, he was responsible for Leonteq’s operations in Asia. Between 2008 and 2012 he was part of the Structured Solutions Sales team in Zurich, Switzerland. He started his career with UBS in 2006 where he had been involved in various platform projects for the private banking division. He holds a bachelor degree in Economics with a major in Banking and Finance from the University of Zurich.

Board Of Directors

Pierin Vincenz - Chairman
Pierin Vincenz is a Swiss citizen, born in 1956. He has been a member of the Board of Directors since 2013, and was re-elected on 23 March 2017 for a term of one year. On 23 March 2017 he was also re-elected Chairman of the Company. He has been the CEO of Raiffeisen Switzerland Cooperative since 1999, retiring in October 2015. Before that, he held various management functions at the Swiss Trust Company, St. Gallen from 1979 to 1982, at Swiss Bank Corporation, Zurich and Chicago from 1986 to 1990, and as Vice President and Treasurer at Hunter Douglas, Lucerne, from 1991 to 1996. From 1996 to 1999, he was Head of Finance and a member of the Executive Board of the Raiffeisen Group. Pierin Vincenz is also Chairman of the Board of Directors of Helvetia Swiss Insurance Company Ltd, St. Gallen; Aduno Holding Ltd., Zurich; Investnet Holding AG, Herisau; Vincenz Management Ltd, Teufen; Plozza Vini SA, Brusio, and member of the Board of Directors of Bergbahnen Brigels-Waltensburg-Andiast SA, Brigels. Furthermore he holds ten pro-bono mandates in charitable organisations and institutions. Pierin Vincenz holds a doctorate in business administration (Dr. oec. HSG) from the University of St. Gallen (HSG)
Lukas Ruflin - Vice-Chairman
Lukas Ruflin is a Swiss citizen, born in 1975. He has been a member of the Board of Directors since 2009, and was re-elected on 23 March 2017 for a term of one year. He was also appointed Vice-Chairman of the Company. He was Deputy CEO and an executive committee member of EFG International from 2009 to 2012. He was one of EFG Financial Products’ Founding Partners in 2007, and was responsible for setting up and managing the issuing operations in Guernsey as General Manager of EFG Financial Products (Guernsey) Limited, from 2007 to 2009. In addition, he also served as a Director of EFG Investment (Luxembourg) S.A., Luxembourg, from 2007 to 2010 and as CEO of EFG Bank Ltd, Zurich (2010), in parallel to his functions at EFG International. Before joining EFG Financial Products, he held various management positions at EFG Bank and EFG International in Zurich and London, including Deputy CFO of EFG International Group. He started his career at Lehman Brothers, going on to J.P. Morgan and Pricewaterhouse Coopers before joining EFG in 2004. Lukas Ruflin holds a Master’s degree in economics from the University of St. Gallen and a CEMS Master’s degree in international management also from the University of St. Gallen
Jörg Behrens
Jörg Behrens is a German citizen, born in 1964. He has been a member of the Board of Directors since 2012, and was re-elected on 23 March 2017 for a term of one year. He is currently the managing partner and Vice Chairman of the Board of Directors of Fintegral AG, which he founded in 2009. From July 2002 until March 2009, he was a partner at Ernst & Young Ltd, Switzerland, and held various functions, including Head of Financial Risk Management Central Europe and Global Head of Risk Analytics. Since June 2001 he has been Vice Chairman of Stiftung Buechweid, Russikon, and since May 2010 he is a member of the Board of Directors of Mathfinance AG, Germany. Jörg Behrens holds a doctorate in physics from the Swiss Federal Institute of Technology (ETH) Zurich for his research in particle physics at LEP/CERN and a Master’s degree in nuclear physics from ETH.
Vince Chandler
Vince Chandler is a British citizen, born in 1956. He has been a member of the Board of Directors since 2012, and was re-elected on 23 March 2017 for a term of one year. He was a member of the Board of Directors of Dataquest, London, where he served as non-executive Chairman until November 2016. He was a Managing Director and Group COO of Technology at Credit Suisse from 2006 to 2008. Previously, he worked for eight years at Citigroup’s corporate and investment bank, where he held a number of senior management roles in technology. Vince Chandler joined the Bank of England after his A-level studies, and spent 20 years there between 1974 and 1994.
Patrick de Figueiredo
Patrick de Figueiredo is a Swiss citizen, born in 1950. He has been a member of the Board of Directors since 2010, and was re-elected on 23 March 2017 for a term of one year. He was a member of the Management Committee of EFG Bank European Financial Group SA until December 2014, holding the position of Chief Risk Officer from October 1997. In April 2015 he was elected to the Board of Directors. Before joining EFG Group in 1989 as Head of Credit, he worked at UBS and the BSI Group, mainly in the credit area. Patrick de Figueiredo holds a degree in management studies from the University of Fribourg, Switzerland.
Patrik Gisel
Patrik Gisel is a Swiss citizen, born in 1962. He has been a member of the Board of Directors since 2015, and was re-elected on 23 March 2017 for a term of one year. He has been acting as CEO of Raiffeisen Switzerland since October 2015 and has been a member of the Executive Board since 2000. Patrik Gisel was a consultant in the field of banking and insurances with Boston Consulting Group in Zurich. Before joining Raiffeisen, he worked as an IT manager with UBS. He holds the following significant positions: Chairman of the Board of Directors of Notenstein La Roche Private Bank Ltd, St. Gallen; Vice President of the Board of Directors of Pfandbriefbank schweizerischer Hypothekarinstitute AG, Zurich; Member of the Board of ARIZON Sourcing Ltd., St. Gallen; of Swiss Bankers Association (SwissBanking), Basel; of Helvetia Swiss Insurance Company Ltd., St. Gallen and of SIX Group Ltd., Zurich. He is further Member of the Board of esisuisse (Swiss Banks’ and Securities Dealers’ Depositor Protection Association); Member of the Board of UNICO Banking Group, Brussels; Member of the Board of Directors of ERGIS AG, Wald AR; Member of the Board of the Betula Association, Romanshorn, and Lecturer at the University of Zurich. Beside this, he is Member of the Board of Ostschweizerische Stiftung für klinische Krebsforschung (OSKK), St. Gallen and of Schweizerische Management Gesellschaft, Zurich. Patrik Gisel holds a doctorate in business administration (Dr. oec. HSG) from the University of St. Gallen (HSG).
Hans Isler
Hans Isler is a Swiss citizen, born in 1953. He is a member of the Board of Directors since 2012, and was re-elected on 23 March 2017 for a term of one year. Previously, he was a partner at Arthur Andersen from 1994 until 2002, and at Ernst & Young from 2002 until 2011. From 1986 to 2011, he led audits of regulated entities in Switzerland, including banks, funds, fund managers and securities dealers. He is also Chairman of the Board of Directors of Banque Thaler SA, Geneva, and member of the Board of Directors of Banque Pictet & Cie SA, Carouge, Geneva; Banque du Léman SA, Geneva; Valcourt SA, Geneva; MKS (Switzerland) SA, Geneva and PAMP SA, Castel San Pietro. In addition, he is a member of the finance commission of MSF (Médecins Sans Frontières) and a member of the Geneva Court of Audit. Hans Isler holds a Master’s degree in economics from the University of St. Gallen (lic. oec. HSG).

Corporate Governance

Leonteq is an independent technology and service provider for investment solutions. Headquartered in Zurich, Switzerland, we have an international presence via our offices in Geneva, Monaco, Guernsey, Frankfurt, Paris, London, Singapore and Hong Kong. Leonteq, founded as EFG Financial Products in 2007, is listed on the SIX Swiss Exchange (registered shares LEON).

As a listed company on the SIX Swiss Exchange we need to comply with the exchange’s "Directive Corporate Governance" and the "Swiss Code of Best Practice for Corporate Governance" by economiesuisse.

Information on reported securities transactions in Leonteq AG shares by our management is available on www.six-swiss-exchange.com

Disclosures published in conformity with Article 20 of the Stock Exchange Act (BEHG) are accessible on www.six-swiss-exchange.com

Leonteq

Our Company

How we differentiate ourselves

Cutting-edge platform

Vertical Integration

Cost Leadership

Independence

Executive Committee

Jan Schoch - CEO and Founding Partner

Marco Amato - Chief Financial & Risk Officer

Jochen Kühn - Head of Insurance & Wealth Planning Solutions

Manish Patnaik - Chief Operating Officer

Ulrich Sauter - General Counsel

David Schmid - Head of Investment & Banking Solutions

Board Of Directors

Pierin Vincenz - Chairman

Lukas Ruflin - Vice-Chairman

Jörg Behrens

Vince Chandler

Patrick de Figueiredo

Patrik Gisel

Hans Isler

Corporate Governance

Our Management Structure

Board of Directors

Executive Committee

We look forward to answering all of your questions about our products and how they are traded. Please don’t hesitate to get in touch!

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