Luzerner Kantonalbank new issuer on deritrade, Vontobel’s platform for structured products
With immediate effect, clients can benefit from an expanded and even more attractive offering on deritrade, Vontobel’s marketplace for structured products. The current range is being extended with a new issuer: products from Luzerner Kantonalbank (LUKB) can now be traded on deritrade.
Luzerner Kantonalbank joins deritrade as an issuer with an excellent rating, which will contribute from the beginning to further boost investing in structured products in Switzerland via Vontobel’s platform. “Luzerner Kantonalbank will foster competition on deritrade. Clients will benefit from this development thanks to a larger selection of issuers and thus a greater range of investment solutions on deritrade. They will also profit from faster and more competitive price setting,” says Peter Camenzind, Head of Platforms at Vontobel.
“We are delighted to now be an issuer on deritrade, one of the leading platforms for structured products in Switzerland. deritrade provides many Swiss banks and external asset managers with fast, simple access to our structured products. Everything is digital because deritrade offers a completely automated service for platform partners. This online offer is an optimal addition to our strategy,” explains Claudio Topatigh, Head of the Competence Center for Structured Products at LUKB.
deritrade is a Swiss platform that now has nine issuers for customized structured products. Over the years, deritrade has evolved into an intuitive self-service platform for relationship managers and external asset managers in Switzerland who want to offer their private clients a range of tailor-made structured products at transparent and competitive prices with a MiFID-II-compliant front-to-end-service over the whole product lifecycle. In 2019, over 36,000 individually tailored products with an issue volume of 10 billion Swiss francs were issued on deritrade.
At Vontobel, we actively shape the future. We create and pursue opportunities with determination. We master what we do – and we only do what we master. This is how we get our clients ahead. As a globally active investment manager with Swiss roots, we specialize in wealth management, active asset management and investment solutions. We harness the power of technology to deliver a high-quality, individual client experience and to deploy our investment expertise across multiple platforms and ecosystems. We empower our employees to take ownership of their work and bring opportunities to life. We do so based on the conviction that successful investing begins with the assumption of personal responsibility. We continuously scrutinize our achievements as we strive to exceed the expectations of our clients. The registered shares of the Vontobel Holding AG are listed on the SIX Swiss Exchange. The Vontobel families' close ties to the company guarantee our entrepreneurial independence. We consider the resulting freedom as an obligation to also assume our social responsibility. As of March 24, 2020, Vontobel held CHF 248.1 billion of total client assets. Around the world and in our home market, we serve our clients from 28 locations.
Luzerner Kantonalbank AG (LUKB) was founded in 1850 and is the leading bank in the Canton of Lucerne with around 1,000 employees. It operates a total of 26 branches and is one of Switzerland’s largest cantonal banks. Its core business areas include real estate and corporate financing, pension planning, investment advisory services, and investment management. LUKB has also been active since the fall of 2018 as an issuer of structured products. LUKB is known for client proximity and strong performance, and these attributes make it the bank of choice for clients, employees, shareholders, and the region.
The LUKB Group includes LUKB Expert Fondsleitung AG, LUKB Wachstumskapital AG, and Gewerbe Finanz Luzern AG. LUKB has been established as a stock corporation since 2001, and its equities are listed on the SIX Swiss Exchange. Although 38.5 percent of the share capital is distributed among the general public, 61.5 percent is owned by the Canton of Lucerne. LUKB has a state guarantee and a long-term AA rating from Standard & Poor’s (short-term rating A-1+).
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