Swiss derivatives specialist Leonteq has launched an office in Milan in response to its increasing activities in Italy.

Milan location

The move forms part of the firm’s plan to bolster its global presence and enable it to serve clients in Italy more closely, noted the firm.

Calling the expansion a “natural next step”, the firm said that Italy has emerged as a promising market for structured products.

Marco Occhetti, who has been working at Leonteq since 2015 and is its managing director and head of South Europe, will lead the Milan office.

Previously, Occhetti spent six years heading the private bankininvestment solutions business in Ticino and Southern Europe at Commerzbank.

He also had stints at Deutsche Bank as the vice president of equity derivatives and at Morgan Stanley in the institutional equity derivatives division.

Leonteq CEO Lukas Ruflin said: “This expansion underscores our commitment to the Italian market as well as the importance of this region for Leonteq.”

Currently, more than 1,000 Leonteq certificates are listed on EuroTLX and SeDeX.

Leonteq launched its debut product on SeDeX a year earlier and began listing certificates on the EuroTLX in 2016.

Moreover, EFG International-issued products are available on the Leonteq platform at EuroTLX from this year, driven by the continued demand for structured products in Italy.

Leonteq moves

Leonteq provides derivative investment products and services, focusing on the capital protection, yield enhancement and participation product classes.

In June 2020, the firm collaborated with American asset manager Blackrock to develop and distribute derivative products linked to the latter’s Luxembourg mutual fund as well as iShares UCITS ETF range.

Under the agreement, Leonteq will develop and market structured investment products with BlackRock funds as underlying assets.

This July, Leonteq partnered Banque Internationale à Luxembourg on structured investment products.

The derivatives firm also inked similar agreements with Basler Kantonalbank, and Rand Merchant Bank this year.