Leonteq AG (SIX: LEON), the independent technology and service provider for investment solutions, today announced that the existing strategic cooperation with Raiffeisen Switzerland was underpinned with an agreement over ten years.
Within the existing cooperation between Leonteq and Notenstein La Roche Private Bank and the 2015 pre-announced envisaged partnership with Raiffeisen Switzerland for the issuance of structured investment products, the parties have now decided to further strengthen their collaboration by a ten-year agreement. Over this period, Leonteq is core provider of technology and services for the origination and distribution of structured investment products.
Leonteq will provide the requested services to Raiffeisen Switzerland and Notenstein La Roche Private Bank against a platform fee, while maintaining its open platform approach.
The first Raiffeisen Switzerland structured investment products are expected to be available in the course of 2016.