Avaloq has signed an agreement to acquire 100% of Zurich-based Derivative Partners AG, independent information and data provider for Structured Products and Derivatives in Switzerland.
Derivative Partners will continue to operate as an autonomous entity for the foreseeable future, with all staff retained. Detailed financial terms are not being disclosed.
Established in 2000 and led by CEO Daniel Manser and COO Patrick Walther, Derivative Partners provides solutions for structured products to more than 40 market participants including issuers, private banks, asset managers and exchanges with valuations of option-linked securities and complex financial products. In addition, the firm calculates regulatory figures and portfolio management ratios as well as third-party valuation models and provides quantitative support for Investment Banking and Trading divisions.
For Avaloq, the acquisition places the firm at the forefront of utilising differentiating data for structured product and ETF markets on its platform. With Derivative Partners, Avaloq will be able to offer both established and new clients the independent valuation, trading and management of highly complex financial instruments at a time when their use by banks and wealth managers is becoming increasingly more relevant.