The chief executive officer of Zurich-based structured products provider Leonteq has stepped down after six years in the role.
Lukas Ruflin has decided to step down as Leonteq CEO after a replacement has been appointed, according to a statement announcing the first-half financial results. A search process for a successor has been initiated.
Ruflin is one of the co-founders of Leonteq and remains its second-largest shareholder. Before becoming CEO in 2018, he was a member of the board of directors from 2009 and vice chairman from 2015 to 2018. During his tenure as the structured provider’s head, shareholders’ equity grew to over 800 million Swiss francs ($906 million) with cumulative profits of more than 500 million francs.
Back to the Board
Leonteq’s board of directors proposed to elect Ruflin as a new board member at the next gathering of shareholders during the annual general meeting in 2025, subject to regulatory approval.
«Despite recent challenges and disappointing share price performance, Leonteq is very well positioned as the interest outlook improves and markets for structured products are set to recover,» said Leonteq chairman Christopher Chambers. «We welcome that Lukas is willing to continue to support Leonteq as a fellow board member in the future.»
