What Leonteq does

Leonteq AG is a Zurich-headquartered, SIX Swiss Exchange-listed (ticker: LEON) structured products and derivatives provider founded in 2007. The company designs, structures, and distributes investment products for institutional and private investors, with a core franchise spanning Actively Managed Certificates, over 10,000 listed leverage products on SIX Swiss Exchange (achieving 7% market share within eight months), and Islamic structured products for Asia and Middle East markets. Leonteq operates as a fee-based transaction platform, generating commission and service income from structured product issuance and distribution through insurance partners, banking relationships (including a Raiffeisen cooperation agreement running to 2030), and direct institutional sales.

The firm's technology backbone includes ActiveViam's Atoti risk analytics platform, implemented within six months for FRTB Standardized Approach regulatory reporting to FINMA, providing dashboards, what-if analysis, and capital decomposition capabilities for traders and risk controllers. Revenue mechanics are primarily transaction-fee driven, with FY 2025 net fee income of CHF 178.5 million and total operating income of CHF 172.3 million (down 28% year-on-year) reflecting challenging market conditions and reduced activity from a major insurance partner.

Geographically the company is anchored in Switzerland but is actively expanding its retail flow business into Germany following a BaFin license extension to Leonteq Securities (Europe) GmbH in Q2 2026 — described as Leonteq's largest single investment in recent years — with Italy identified as the next candidate market. Regional strategy in Singapore targets digital innovation and Islamic finance across Asia and the Middle East. The company employs 501-1,000 staff, holds a strong CET1 capital ratio of 16.5-16.9%, completed all FINMA-mandated compliance measures in 2025, and was confirmed by FINMA as qualifying for bank-equivalent counterparty treatment, supporting its expansion roadmap and H1 2026 return to profitability with net profit of CHF 12.7 million.

Name

Leonteq

Legal name

Leonteq AG

Website

https://de.leonteq.com

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Leonteq AG is a Zurich-based, SIX-listed structured products and derivatives provider serving institutional and private investors across Europe and Asia with Actively Managed Certificates, leverage products, and Islamic structured products via a transaction-fee business model.

Ownership category

akta.pro rank

Headquarters

HQ city

Zürich

HQ country

Switzerland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Commission and Service Income: Revenue generated from commission fees and service charges for structured products, representing the primary revenue stream. Increased 10% driven by transaction volume growth of 10% to CHF 15.9 billion.
2. Hedging Activities: Positive contributions from hedging activities supporting the structured products business, providing risk management services to clients.
3. Net Fee Income: Fee income from structuring and distributing investment products, including leveraged products and Actively Managed Certificates. Declined 17% to CHF 178.5 million in FY 2025 due to challenging market conditions.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

Leonteq AG is an independent technology and service provider that structures, issues and distributes structured investment products and leveraged products. Its core offering includes listed leverage products on SIX Swiss Exchange, Actively Managed Certificates, Islamic structured products, and a retail flow business being launched in Germany following a BaFin license extension. Revenue is primarily generated from commissions and service fees tied to transaction volume.

Product overview

Leonteq is a Swiss provider of structured investment and leveraged products, operating as a platform with multiple product lines. The core offerings include Actively Managed Certificates providing actively managed structured investment solutions, and a diverse range of leverage products with over 10,000 listed products on SIX Swiss Exchange. The company is expanding its Retail Flow Business into Germany (Europe's largest market) following BaFin licensing, while also offering Islamic structured products for Asia and Middle East markets. Leonteq focuses on providing structured investment solutions for institutional and private investors through both its established Swiss operations and new retail expansion initiatives.

Differentiator

Problem solved

Functional benefit

Brands

• Actively Managed Certificates: Product line launched with 9% new money growth

Products and services

• Leverage Products Listed leverage products traded on SIX Swiss Exchange, achieving a 7% market share within eight months and a top ranking in PMMI for leverage products over the prior six months.
• Actively Managed Certificates Actively managed structured investment certificates that delivered 9% new money growth for institutional and private investors, and were a key contributor to the FY 2025 results and the H1 2026 recovery.
• Retail Flow Business Retail distribution of structured products into Germany via the BaFin-licensed Leonteq Securities (Europe) GmbH, with Italy identified as the next expansion market.
• Islamic Structured Products Shariah-compliant structured products issued through an automated platform and distributed across Asia and the Middle East to support cross-regional financial cooperation.
• Structured Products (via Life Insurance) Structured financial products distributed through life insurance partners, offering investment solutions with different return profiles and capital protection features for policyholder portfolios.

Quantifiable outcome

• Transaction volume growth of 10% to CHF 15.9 billion in H1 2026
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature1 record

Partnerships

Three partnerships are on record, tiered core.

• ActiveViamcoreTechnology or Integration · 10 February 2026Leonteq selected ActiveViam's Atoti platform as its FRTB reporting solution for compliance with Swiss regulatory requirements under the Fundamental Review of the Trading Book framework. Implementation completed within six months, providing dashboards, preconfigured reports, and analytics capabilities including what-if analysis and capital decomposition for front office traders and risk controllers.
• BaFin (Germany)coreOthers · 13 January 2026BaFin issued a license extension to Leonteq Securities (Europe) GmbH enabling it to support Leonteq Securities AG in trading activities as part of the retail flow business expansion into Germany.
• FINMA (Swiss Financial Market Supervisory Authority)coreOthersFINMA mandated regulatory compliance measures after violations were found at end of 2024 regarding risk management obligations. Confirmed in Q1 2026 that Leonteq successfully implemented all required measures. FINMA also confirmed Leonteq Securities AG qualifies for bank-equivalent counterparty treatment.

Scale indicators11 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Vontobel: Swiss financial services group with a large structured products and derivatives issuance business. Directly competes with Leonteq in Switzerland-listed leverage products and AMC distribution, sharing the same SIX Swiss Exchange venue and target investor base.

Broad incumbents

• Société Générale: French universal bank with a sizable structured products franchise historically run through Lyxor. Overlaps with Leonteq in listed leverage products across European markets and benefits from a larger balance sheet and integrated capital markets capabilities.
• BNP Paribas: Global bank with major structured products and certificates issuance across Europe. Targets the same institutional and retail investor segments as Leonteq, with a broader product suite spanning equity, credit, and commodity structured notes.
• Deutsche Bank: German universal bank with a significant structured products and certificates distribution business. Highly relevant given Leonteq's German retail expansion, with established brokerage and retail distribution channels that Leonteq must compete against.
• UBS: Swiss global bank with substantial structured products issuance and wealth management distribution. Operates a much larger and more diversified business but competes directly with Leonteq in Swiss leverage products and cross-border structured solutions.
• Julius Baer: Swiss wealth manager with structured products capabilities serving private investors. Overlaps with Leonteq's private investor and capital protection segments, particularly through its wealth management client base.
• Goldman Sachs: Global investment bank with significant structured products issuance, particularly in equity-linked and credit-linked notes. Competes with Leonteq for institutional structured product mandates and AMC distribution partnerships.

Emerging players

• Marex: London-based diversified financial services firm with growing structured products and capital markets operations. Competes with Leonteq in cross-border structured product distribution and benefits from a more diversified commodity and equities franchise.
• Flow Traders: Dutch-listed liquidity provider and ETF/structured product market maker. Competes with Leonteq in the trading and market-making of exchange-listed leverage products across European venues.

Regional players

• EFG International: Swiss private bank with a structured products and treasury solutions business serving its wealth management clients. Comparable to Leonteq's private investor segment but constrained to EFG's own client base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Leonteq_News
• Facebookfacebook.com/Leonteq
• LinkedInlinkedin.com/company/leonteq

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Leonteq