Baker McKenzie has acted as legal adviser to Leonteq Securities AG ("Leonteq") regarding its new cooperation with VP Bank AG ("VP Bank") for the manufacturing and distribution of structured investment products under a newly-created innovative white-labelling issuance model.
As part of this cooperation, VP Bank utilizes Leonteq's technology platform to price, trade and distribute VP Bank's guaranteed investment products to its clients. VP Bank will be responsible for the distribution of these structured investment products to its own clients, while Leonteq has received an international distribution mandate from VP Bank, providing it with access to Leonteq's broad network of financial intermediaries globally. The first of VP Bank's guaranteed structured investment products have recently been issued on Leonteq's platform.
Leonteq is a Swiss fintech company with a leading marketplace for structured investment solutions. Based on proprietary modern technology, the company offers derivative investment products and services and predominantly covers the capital protection, yield enhancement and participation product classes. The company has offices and subsidiaries in 13 countries, through which it serves over 50 markets. Leonteq Securities AG is the main operating subsidiary of Leonteq AG. The company is a securities firm regulated by the Swiss Financial Market Authority FINMA and is a member of the Swiss Structured Product Association. Leonteq AG is listed on the SIX Swiss Exchange (SIX: LEON).
VP Bank Ltd was established in 1956 and, with around 1,000 employees, is one of the largest banks in Liechtenstein. VP Bank has an international presence, with offices in Vaduz, Zurich, Luxembourg, Singapore, Hong Kong and Road Town (British Virgin Islands).
Baker McKenzie Switzerland advised Leonteq on all regulatory, transactional and tax matters in connection with the cooperation as well as on the structuring and issuance of the structured investment products. The team was led by Ansgar Schott (financial services and capital markets), and included Jan Lusti (capital markets) and Andrea Bolliger (tax).