Leonteq announces collaboration with Avaloq

Leonteq AG (SIX: LEON), the Zurich-based engineering and infrastructure partner for investment solutions, announces a forward-looking collaboration with the Avaloq group, a leading international provider of integrated and comprehensive solutions for wealth management, universal and retail banks.

An upgradable interface between the Avaloq Banking Suite and the Leonteq platform will be created and will form the core of the collaboration. This interface will provide financial institutions using the Avaloq Banking Suite further automation in the offering and handling of structured products.

In a first step, it will become possible to book Leonteq investment products (including those of its white labeling partners) structured for clients using Leonteq’s “Constructor” directly in the Avaloq Banking Suite at the respective custodian bank. Client advisors using this system will benefit from shortened work-processes, as many steps that to date have been carried out manually will be eliminated, thus increasing efficiency.

Leonteq’s “Constructor” is a web-based application that enables intermediaries and professional investors to create and calculate structured investment products on over 1,000 underlyings and in a wide variety of currencies. The “Constructor” is currently only offered in Switzerland, however, plans for a rollout to other countries are underway.

Further features are planned for the future as part of the collaboration between Leonteq and Avaloq.

Jan Schoch, CEO of Leonteq: “Following the recent announcement of the ‘Smart Data’ initiative focusing on the development of intelligent tools and therefore longer-term on increased margins, the cooperation with Avaloq focuses on processing and therefore also translates into a reduction of costs on the client side. Both initiatives strengthen our white-labeling business model, increase the attractiveness of our platform and are intended to contribute to a rise in market share and revenues. We are pleased that with Avaloq, we have found a wellestablished partner with whom we can further develop our ideas.”

Francisco Fernandez, CEO of Avaloq: “We are pleased that we will be able to offer our clients quick and easy access to the products on the Leonteq platform. The open architecture of the Avaloq Banking Suite will facilitate a rapid set-up and further expansion of the interface.