Vontobel welcomes BCV as a white-labelling partner and issuer on deritrade
Vontobel and Banque Cantonale Vaudoise (BCV) are entering into a strategic partnership for the white-labelling of structured products. This strategic cooperation covers the entire structured products value chain. As part of this collaboration, BCV will act as issuer, while Vontobel will be responsible for structuring, pricing, documentation, issuance, and lifecycle management.
With effect from May 11, 2021, structured products issued by BCV will be available on deritrade, Vontobel’s multi-issuer platform for structured products. deritrade is thus providing greater issuer diversification, with clients now benefiting from a broader and more competitive offering for the issuance of their structured products.
Vontobel’s white-labelling partnership with BCV means the popular multi-issuer platform gains another renowed issuer, which has a strong market position in the French-speaking region of Switzerland. “This cooperation will help us to further grow deritrade’s market share in French-speaking Switzerland and enhance its positioning. As a result of our technological cooperation, all clients will immediately benefit from BCV’s strong product range and excellent credit rating,” says Markus Pfister, Head of Structured Solutions & Treasury at Vontobel.
“We are very pleased to join deritrade, one of the leading platforms for structured products in Switzerland, in our capacity as an issuer. Thanks to deritrade, numerous Swiss banks and external asset managers can gain fully-automated access to our structured products. The white-labelling partnership with Vontobel allows us to offer a fully digitalized offering across the entire lifecycle of a structured product. This pioneering cooperation is a perfect fit for our strategic focus,” explains Eric Vauthey, Head of Trading at BCV.
deritrade is a Swiss platform for leading issuers specialized in the creation and issuance of individually-tailored structured products. Over the years, deritrade has evolved into an intuitive digital platform. Currently, deritrade is being used by relationship managers and external asset managers in Switzerland who want to offer a range of structured products to their private clients at transparent and competitive prices.
Banque Cantonale Vaudoise
Banque Cantonale Vaudoise (BCV) was founded over 175 years ago and is now one of the ten largest banks in Switzerland. Thanks to its financial strength, BCV is also among the 25 top-rated banks in the world, with a AA rating from Standard & Poor's since 2011. The Bank has around 2,000 employees and provides its customers with comprehensive services in Retail Banking, Private Banking, Corporate Banking, and Asset Management & Trading. BCV is likewise a pioneer in the field of structured products. Its Structured Products team is part of the Bank’s Trading Department, whose 75 specialists operate one of the largest trading floors in western Switzerland. BCV issued its first structured product in 1999 and has steadily built its structured products business over the last two decades. BCV actively promotes greater product transparency through its membership in the Swiss Structured Products Association (SSPA), which was founded in 2006, and by adapting its product names to the SSPA terminology. The Structured Products team is made up of specialists in client services, market making, and financial engineering. Drawing on their expertise, BCV is able to consistently create products that are tailored to market conditions and that meet its customers’ needs. BCV issues products from Lausanne and Guernsey on a wide range of underlying assets, including equities and the indices of the main international financial markets (such as Switzerland, Europe, and the USA). For more information, please visit: www.bcv.ch/en/emission.
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