Posted inDACHTechnology

US structured products fintech firm expands into Europe

Luma Financial Technologies has established a presence in Zurich to offer more wealth managers and private banks access to its platform.

Launched in 2011, Luma describes its offering as helping advisers in the US and Latin America to “more efficiently learn, source, compare, create, price and implement structured products to better meet their clients’ investment objectives”.

The office will be led by David Wood, managing director of the international business.

He has been tasked with building a team in Switzerland to focus on business development and client services.

Wood has 18 years’ experience in investment banking, having served as managing director of Societe Generale where he led the electronic business unit for equity derivatives and structured products.

He was also a managing director at Barclays, responsible for electronic and listed solutions business for cross asset structured products.

Chief executive Tim Bonacci said: “Having recently expanded our presence into Latin America and now Europe, we’re excited to help advisers on a global scale deliver a more predictable and transparent investing experience to their clients in the most efficient way possible.”

Kirsten Hastings

Kirsten is international editor of Expert Investor and International Adviser. She joined Last Word Media in October 2015. Kirsten has a Masters in Financial Journalism from the...

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