Leonteq structured products turnover down 20% YoY

Leonteq has reported a total operating income of CHF456.4m (US$495.7m) for 2022 – up nine percent year-on-year (YoY). The company recorded subdued levels of client activity in most of its regions, resulting in a reduction in net fee income by around one-third compared to 2021. This was also driven by a significant decline in the number of large ticket transactions and higher fee expenses resulting from securities lending transactions. Our own Leonteq products today account for more than