Founded in 1850, Luzerner Kantonalbank AG (LUKB) has around 1,000 employees, 26 offices and some 300,000 clients, making it one of Switzerland’s largest cantonal banks and one of the country’s leading universal banks. LUKB’s main business areas are real estate and corporate finance as well as private banking. Thanks to its service model as an entrepreneur’s bank and real estate bank as well as its private banking office in Zurich, the bank is also active outside the canton of Lucerne. LUKB plans to further expand its investment product offering this year by building a competence center for the development and issuing of structured products, also broadening its income base in the process.
The first Luzerner Kantonalbank product to be traded on the SIX Swiss Exchange platform is a multi-barrier reverse convertible, consisting of a basket made up of SIKA AG (SIKA) Partners Group Holding AG (PGHN) and Schindler Aufzüge AG (SCHP), traded in Swiss francs (ISIN: CH0389074011). The first trading day on SIX Swiss Exchange is planned for 5 October 2018.
"I am delighted with this new arrival. With Luzerner Kantonalbank we are gaining a solid partner with extensive expertise,” says André Buck, global head Sales, Securities & Exchanges. Claudio Topatigh, head of the Structured Products Competence Center, adds: “We are pleased to create sustainable added value for our clients and the structured products market with the structured investment solutions and extremely solid basis of Luzerner Kantonalbank.”
If you have any questions, please do not hesitate to contact Julian Chan.