Three complementary financial service providers take the quality of actively managed certificates to a new level. The new AMC platform for Swiss asset managers combines a next-generation issuance setup with comprehensive asset management services and outstanding interface management.
Media Release - English (PDF)
Medienmitteilung - Deutsch (PDF)
New Fintech Banking collaboration is launched
GENTWO (securitization specialist of next generation financial products), CAT Financial Products
(independent Swiss provider of investment solutions and technologies in the market for
structured products) and Aquila (the trust bank for asset managers) have entered into a
collaboration agreement. Together, they have launched an independent platform for next
generation actively managed investment certificates (AMC). The innovative AMC platform
enables Swiss asset managers to launch Swiss-compliant AMC (the next generation) with Swiss
ISIN code on their own, and then make unlimited use of sophisticated portfolio management
services. Individual investment products can be used on the platform as well as complete,
bespoke issuance vehicles for the independent development of a complete product range or
the qualitative development of an existing AMC offering.
Complementary service package with purpose-oriented role allocation
GENTWO, CAT Financial Products (CATFP) and Aquila, as custodian bank, set a new standard
in the Swiss AMC market with their forward-looking Fintech-Banking collaboration. Thanks to their
interlinking specializations, the three financial service providers will act purely purpose-driven
thereby achieving significant added value for Swiss asset managers and their clientèle. The roles
are divided as follows: GENTWO provides unrestricted access to its platform with its innovative
next-generation issuance setup. CATFP ensure a smooth interface to the market and its
participants and provides access to its reporting technology. Aquila acts as custodian and
Philippe A. Naegeli, CEO of GENTWO,
says: "Our new platform speaks for the functioning of a
modern market concept. Pursuing future-oriented innovation strategies alone is becoming
rarer today. Modular composite expertise that are purely for a specific purpose are proving
to be much more promising. By developing innovation strategies together, financial services
providers (including banks) can easily and simply increase the relevance of their existing or
new business model without much extra effort. This is the only way to generate growth for the
market as a whole."
Giuliano Glocker, CEO of Financial Products
adds: "In July 2018, together with GENTWO, we
launched the first global platform for issuing actively managed certificates with one of the
worldwide biggest online brokers as custodian and trading agent.
We are very pleased to be launching another platform together with GENTWO and also with
Aquila as a strong third partner. The outlook on the new opportunities is a further incentive for
us. A much broader customer base can now benefit from our range of services."
Markus Angst, Managing Director of Aquila Custodian Bank
"We are banking
partners in this partnership and look forward to successfully working together with GENTWO
and CAT Financial Products."
Merged core competencies form supply concept along the value chain
The scope of the new platform, however, goes beyond the launch of investment products. As
a custody and clearing bank, Aquila provides unlimited banking services. Process transparency,
risk control, profound specialist knowledge as well as many years of experience provide the best
possible conditions for this. CAT Financial Products AG (CATFP) is one of the leading Swiss
investment solutions providers in the Structured Products market.
AMC's next generation overcome the last hurdles in portfolio management
With Active Managed Certificates (AMC) asset managers can implement their portfolio
strategies and innovative ideas with particular flexibility and effectiveness. AMC, which will be
launched via GENTWO's next-generation issuance setup, offer additional benefits. Thanks to the
off-balance-sheet issuance setup, a discretionary portfolio strategy can be made even simpler
and more timely. As a launched AMC itself no longer carries a bank issuer risk and is not
otherwise subject to many of the typical restrictions that occur with most traditional issuers of
structured products, genuine issuer management can now be effectively achieved. Several
other structured products can be easily and conveniently integrated in a single AMC. These can
easily be managed simultaneously and mixed with other assets or instruments such as stocks,
bonds or funds. All managed accounts with identically managed asset allocation can even be
managed through a single AMC. Asset managers can thereby reduce their operating expenses
and also from the outset avoid tracking errors within their investment strategy.
Based in Zurich, the innovative financial services provider GENTWO is the creator of a new
generation of financial products. The company enables its institutional clientele to securitize
both bankable as well as non-bankable assets. The securitization is in Swiss-compliant,
conventional financial products with Swiss ISINs and excludes the issuer risk of a bank. The
focus on so-called off-balance sheet investment products solves the problem of falling
margins and growth barriers for many players in the financial market. It opens up the
dimension of new performance potential, as it also provides access to a theoretically
unlimited world of potential asset classes. GENTWO's technology can be used by financial
intermediaries, including banks, to do more than realize their own product innovations. They
can also benefit from real process innovation by understanding GENTWO's setup as an
additional element to their existing business structure.
CAT Financial Products AG
CAT Financial Products AG (CATFP) is one of the leading Swiss providers of investment
solutions in the market for structured products. Since 2008, CATFP has been offering its services
to professional asset managers, banks and institutional investors with around 20 specialists in
Zurich and Berne using the most innovative technologies. CATFP concentrates on these three
main areas: Best execution (multi-issuer platform, best execution certificates (MIFID II)),
reporting and life cycle management (fully automated life cycle management, alert system,
web portal, white labelling) and investment solutions (financial engineering, product and
portfolio analysis, back testing and stress tests).
Aquila Custodian Bank is an expert in the integrated support of asset managers. We explicitly
focus on the comprehensive concerns and high demands of this clientele group. An
experienced team of specialists with years of experience guarantees personal support,
continuity and customer satisfaction. Our bank does not engage in mortgage lending, M&A
transactions or proprietary trading, which means a high level of security for the assets
entrusted to us. This important point was crucial for the selection of Aquila as a banking
partner. Aquila is an owner-managed company and acquired its banking licence in 2012
There are no conflicts between asset management and retail banking as Aquila Bank does
not operate its own private banking business. The focus is not on short-term revenue growth,
but on a long-term partnership with optimal service.
Aquila is also a platform for asset managers. It consists of Aquila AG and currently
approximately 220 partners or 75 companies in 22 locations.
Chief Marketing & Communications Officer
Tel.: +41 44 512 75 06