US multi-issuer structured products platform Luma Financial Technologies makes inroads into the European market with the opening of an office in Switzerland, and the appointment of the former global head of electronic business equity, derivatives and cross asset at Société Générale.
Luma has opened an office in Zurich to offer wealth managers and private banks access to its structured products platform. The platform is backed by three of the world’s largest banks including Bank of America (BofA), Morgan Stanley and UBS (which became a stakeholder in April 2020). “We continue to see adoption as we look at the success we have had in the US and the recent expansion into Latin America in the second part of 2020,” Luma’s chief executive officer and