The Swiss bank has created a department called retail flow business under the markets division, following its project to develop an automated retail flow platform earlier this year.

In this context, Leonteq has appointed Michael Seifried ( pictured ) and Lars Hermann as head and deputy head of the department, respectively, based in Frankfurt, according to an internal memo released on 15 July and viewed by SRP. Effective from July, other hires include business analysts Jens Frohberg, Christian Richter and Felix Echtermeyer. Sebastian Schmidt and Maurice Kirst, who spearheaded the initial efforts in late 2021, will also be a part of the team. The retail flow business team w