New Office
Switzerland's Leonteq Creates Lisbon Office

The firm, which focuses on structured products, has been building its presence in Portugal over a series of phases.
Switzerland-listed structured products firm Leonteq has created an office
in Lisbon, Portugal, after having won regulatory approval.
The firm said that it chose Portugal as a location due to factors
including the availability of talent, sourcing opportunities,
political stability, quality of life, time zone and cost
considerations. The company’s onsite presence was established
through a phased approach. Phase 1 of the operations, which
consisted of establishing a serviced office set-up, was completed
in the fourth quarter of 2020. It included hiring a small number
of external IT development specialists, as well as other
personnel in shared services functions.
Phase 2 began in the first quarter of 2021 to establish a Leonteq
office with up to 100 designated roles along the entire value
chain.
Leonteq started operations on 1 October. Leonteq Securities
(Europe) GmbH – Sucursal em Portugal - to give the entity’s
full name - is included in the CMVM’s list of financial
intermediaries authorised to operate in Portugal. It will
transition its 50 external specialists to become permanent
Leonteq employees at the beginning of October.
The Portugal branch is co-managed by Manfred Schwientek, general
manager Leonteq (Europe) GmbH, and Fabian Muff, head of
operational management and controlling.