Luzerner Kantonalbank AG becomes a new member of the SSPA

The Swiss Structured Products Association welcomes Luzerner Kantonalbank AG (LUKB) as a new member and issuer. With the accession of one of Switzerland’s biggest cantonal banks, the Association is further extending its base and currently has 16 issuers and a total of 36 members, ranging from the buy-side to markets and partners.

Zurich, 18 September 2018. Founded in 1850, Luzerner Kantonalbank AG (LUKB) with some 1000 employees, 26 branches and around 300,000 customers is one of Switzerland’s biggest cantonal banks and also one of the country’s leading universal banks. The LUKB’s main business areas are real estate and business financing, as well as private banking. With the business banking and real estate banking service concepts, as well as the private banking site in Zurich, the bank is also active outside the Canton of Lucerne. By building up a centre of expertise for the development and issuance of structured products in the course of this year, LUKB plans to further expand its product offering in the investment business sector. At the same time, it intends to broaden its earnings base in this way.

Claudio Topatigh, Head of the Structured Products centre of expertise at LUKB, comments as follows on the affiliation to the SSPA: “We welcome the opportunity to highlight our ties to the branch by joining the Association and intend to make an active contribution to its work in future. Through our newly established centre of expertise, we keep our finger on the pulse of the markets, identify new trends and issue structured investment solutions on a very robust basis. That enables us to create sustainable added value for investors.“

Active branch association with 36 members

The SSPA represents the interests of the main market participants who together cover over 95 per cent of the structured products market volume in Switzerland. SSPA President Georg von Wattenwyl: “We appreciate the LUKB’s membership and extend a cordial welcome to the bank. Thanks to its broad expertise, our new issuing member will bring a fresh impetus. Our Association therefore now has an ever broader base and benefits from the comprehensive professional knowledge and experience of its members.“