January 12, 2021 – Luma Financial Technologies (“Luma”), the largest independent, multi-issuer structured products platform in the US, is launching into the European market with the opening of an office in Switzerland.
Luma, which is backed by three of the world’s largest banks, has opened an office in Zurich to offer more wealth managers and private banks access to its award-winning platform[1], which streamlines the process of using and creating structured solutions.
“As a leading structured solutions fintech platform, we look forward to bringing our technology to wealth managers and private banks in Europe,” said Tim Bonacci, CEO of Luma Financial Technologies. “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.”
The office will be led by David Wood, Managing Director of Luma Financial Technologies international business. David has 18 years’ experience in investment banking, serving as managing director at Société Générale where he led the electronic business unit for equity derivatives and structured products, and Barclays, as managing director responsible for the electronic and listed solutions business for cross asset structured products.
David has been at the forefront of structured product multi-dealer platform developments and was instrumental in the inception of the Asian structured product platform Contineo, having previously served as a board member and chairman.
Over the coming months David will build a local team in Switzerland focused on business development and client services.
David Wood said: “Luma is a high-quality, scalable platform that can be seamlessly integrated into buy-side infrastructure to deliver market-leading lifecycle services and consistent processes and controls. Luma’s focus on partnering with advisers to deliver better service has been key to its success and I am delighted to be leading its ambitions in Europe as it expands to meet the needs of clients around the world.”
Launched in 2011, Luma has helped 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 Luma platform is fully interactive and customisable to match each individual adviser’s desired offerings, unique product approval, work flow and certification requirements.
For more information on Luma Financial Technologies and the specific features the platform provides, please visit https://www.lumafintech.com.
About Luma Financial Technologies
Luma Financial Technologies is the creator of Luma, a fully customizable, independent, buy-side platform that helps financial advisors more efficiently learn, create, order and manage market-linked investments such as structured products, structured annuities and more.
Launched in 2011, Luma is one of the largest and longest-tenured structured product platforms in the U.S. market and is used by broker/dealer firms, RIA offices and private banks to automate and optimize the full process cycle for offering and transacting in market-linked investments. This includes advisor education and certification; creation and pricing of custom structures; order entry; and post-trade actions. Luma is multi-issuer, multi-wholesaler and multi-product, thus providing advisors with an extensive breadth of market-linked investments to best meet clients’ specific portfolio needs.
Headquartered in Cincinnati, OH, Luma also has offices in New York, NY, and Zurich, Switzerland.
[1] Luma was recognised for the Best Structured Product Technological Solution at the Structured Retail Products (SRP) Americas Awards 2020.
