Specialist structured product firm Finanzlab has joined Luma Financial Technologies, an independent, multi-issuer structured products and annuities platform.
The move will enable Finanzlab, which specialises in the design, selection and brokerage of custom structured products, to leverage Luma’s award-winning technology to better serve the needs of its clients, which include wealth managers and private banks, across the market in Switzerland.
“We are delighted to have a firm of Finanzlab’s standing join the Luma platform,” says David Wood, Managing Director of Luma’s International Business. “Through Luma’s cutting-edge technology, Finanzlab will be able to create, order and manage structured products with a high degree of efficiency for all its clients across the Swiss market.”
Finanzlab’s addition to the platform comes as Luma, which is backed by three of the world’s largest banks, continues its expansion into Europe as part of an international growth strategy. In January 2021, Luma opened an office in Switzerland led by David Wood, who has 18 years’ experience in investment banking, including managing director roles in the structured products divisions of Société Générale and Barclays. Luma recently announced that Konstantinos Pampoukidis, formerly of Leonteq Securities, had joined Luma’s business development team in Switzerland.
“Independence is of utmost importance to our customers and we believe that the market will be swift to move towards independent multi-issuer platforms like Luma,” says Vincent Bonnard, COO at Finanzlab. “For the first time ever, this will allow customers to freely choose their providers while keeping the same platform. We are thrilled to be working with Luma to design and build this future.
“Luma’s platform will further enhance the service we provide to wealth managers, private banks and institutional investors and we look forward to working closely with David Wood and his team as we continue to seek ways to offer innovative solutions to meet our clients’ needs.”
