The SSPA is proud to announce its two newest members: Banco Santander and Luma Financial Technologies. Santander joined the SSPA in March and brings extensive international expertise to the association. The universal bank is present in 10 core markets in Europe and the Americas, serving 148 million customers worldwide. With its membership in the association, Santander is seeking to strengthen its position across the entire value creation chain and to actively participate in the world’s largest market for structured products. In addition, the bank hopes to expand its offering of structured products in Switzerland. Santander’s spokesperson in the SSPA is Alfredo Madrigal, Head of Equity Derivatives & ETD.
Luma Financial Technologies only joined two weeks later. The U.S. company offers a customizable, multi-product, multi-issuer and carrier-neutral platform rationalising the process for using and creating structured products. Luma Financial Technologies most recently opened an office in Zurich. The membership in the SSPA is a further step in the full establishment of Luma Financial Technologies in Switzerland. Its spokesperson in the association, David Wood, is Managing Director and hopes to help support the Swiss industry of structured products with the platform Luma and their international expertise.