SIX Swiss Exchange welcomes Cornèr Bank Ltd as a new issuer of structured products.
Founded in Lugano in 1952, Cornèr Bank Group is an independent Swiss private bank group operating on the national market as a full-service bank. Lugano is Switzerland’s third-largest banking centre, after Zurich and Geneva. Active across the whole range of traditional banking services, Cornèr Bank Group specialises in the Private Banking sector, as well as in the areas of lending, Visa, MasterCard and Diners Club payment cards (Cornèrcard) and online trading (CornèrTrader) – the core businesses on which the growth of Cornèr Bank Group is based. As far as asset backing is concerned, Cornèr Bank Group enjoys an enviable position, holding about three times the necessary equity. Indeed, according to the world financial statistics compiled by The Banker in 2015, Cornèr Bank Group ranks first in Switzerland in terms of capital adequacy. Cornèr Bank Group consists of the Luganobased parent bank Cornèr Bank Ltd., the four Swiss branches in Chiasso, Geneva, Locarno and Zurich, the affiliated Cornèr Bank (Overseas) Limited, of Nassau, BonusCard.ch Ltd., Cornercard UK Ltd, Diners Club Italia S.r.l. and Dinit d.o.o.
Cornèr Bank is a Platform Partner of Leonteq Securities Ltd, and the first product to be traded on the platform of SIX Structured Products Exchange is a Multi Barrier Reverse Convertible linked to a basket of: ABB Ltd (ABBN), Nestle Ltd (NESN), Novartis Ltd (NOVN), Roche Holding Ltd (ROG), UBS Group Ltd (UBSG), traded in Swiss Franc (ISIN: CH0247667915).