Leonteq AG (SIX: LEON), an independent technology and service provider for investment solutions, today announced plans to cooperate with Malayan Banking Berhad (Maybank), the largest financial services group in Malaysia, on the origination and distribution of structured investment products.
This envisaged cooperation reflects Maybank’s ambition to expand its structured investment products capabilities. Leonteq intends to support Maybank in the origination and lifecycle management of structured investment products along the entire value chain. Leonteq’s highly automated platform and extensive distribution capabilities in Europe and Asia will enable Maybank to expand its international customer base. The first products will be made available on Leonteq’s platform during 2016.
Jan Schoch, CEO Leonteq: “We aim to help regional players launch and expand their range of investment solutions. This is a cornerstone of our international growth strategy. Cooperating with Maybank will give our clients exposure to a distinct range of structured investment products issued by one of the leading banks in South-East Asia. We are looking forward to joining forces with Maybank, a major financial institution in the region.”
Dato’ Amirul Feisal Wan Zahir, Group Head of Global Banking at Maybank, said that the bank was pleased to be in partnership with Leonteq, a reputable and growing institution in Europe. “This collaboration provides us with a significant opportunity to expand our distribution channels in Europe, giving us access to new market segments in regions where we do not have a physical presence.”
Maybank is the largest financial services group in Malaysia and one of the leading banks in South-East Asia by market capitalization and total assets (USD 183 billion in 2014). Maybank has 2,400 offices worldwide with more than 46,000 employees, and has a Standard and Poor’s credit rating of A-. Maybank’s Islamic banking arm is the third largest in the world by assets. Leonteq operates in Asia via its licensed subsidiaries in Hong Kong and Singapore with more than 70 employees.