Leonteq announced that it has launched a collaboration with Rand Merchant Bank, a division of FirstRand Bank Limited, for the manufacturing and distribution of structured investment products.
Leonteq and Rand Merchant Bank, a division of FirstRand Bank Limited, have launched their collaboration for the issuance and distribution of structured investment products. The company will join Leonteq’s technology platform for fully white-labelled issuers and leverage Leonteq’s expertise to create and distribute structured products. As part of the cooperation, Leonteq will provide a broad range of services along the entire value chain, including the launch of a structured product offering, as well as structuring, product documentation, hedging of derivative components, market-making, lifecycle management and processing. In this context, the intention of the collaboration is for both Leonteq as well as Rand Merchant Bank (and other group affiliates) to distribute structured investment products to their respective clients, the first of which are expected to be issued at the end of 2020.
Lukas Ruflin, Chief Executive Officer of Leonteq, stated:
“We are delighted that Rand Merchant Bank has chosen Leonteq to help expand its structured products offering capabilities. This cooperation will give our clients unique exposure to structured investment products issued in this region, and we look forward to providing our new partner with our solutions and expertise.”
Hendrik Fourie, Head of Structuring at Rand Merchant Bank, stated:
“Our collaboration with Leonteq will enable us to expand our financial services offering, thus enhancing our value proposition for clients. With its automated platform and extensive distribution capabilities in Europe and Asia, Leonteq is our partner of choice.”
Rand Merchant Bank is the corporate and investment banking division of FirstRand Bank Limited, which is a wholly owned subsidiary of FirstRand Limited, listed on the Johannesburg Stock Exchange and the Namibian Stock Exchange. FirstRand Limited is one of the largest financial institutions in Africa with a market capitalisation of CHF 10.7 billion as of 22 April 2020. FirstRand Bank Limited reported total assets of CHF 89 billion and a total capital ratio of 17.1% as of 31 December 2019.