Leonteq to strengthen its executive committee

Leonteq AG (SIX: LEON), the Zurich-based independent technology and service provider for investment solutions, today announced that its Board of Directors has appointed Yann Besnard, Head of White-labeling and Platform Development, to the Executive Committee. In addition, the Board has appointed Daniel Cangemi to the new role of Chief Risk Officer and a member of the Executive Committee. Subject to regulatory approval, the appointments will come into effect on 1 January 2015.

Yann Besnard, a French national, has been Head of White-labeling and Platform Development, which will be renamed to Business Innovation, at Leonteq since 1 October 2014. Prior to this, he was the company’s Head of Structuring and Head of Derivative Index and Flow Trading. Before joining Leonteq in 2008, Yann Besnard worked at Merrill Lynch as a Senior Equity Derivatives Index Trader, at Goldman Sachs as Co-Head of Securitized Derivatives Trading and Equity Derivatives Sales, and at BNP Paribas as a Risk Manager. He holds a Master of Science in Finance from EDHEC Business School (France).

Daniel Cangemi, a Swiss national, is currently Deputy Head of Risk Control, having previously been Head of Fixed Income, Currencies and Commodities Trading, at Leonteq. With his appointment as Chief Risk Officer, the Risk Control department will be split from the Legal, Compliance, HR and Risk division, and will report directly to the CEO. Daniel Cangemi joined Leonteq in 2008 and previously held positions at Merrill Lynch, Goldman Sachs, Citibank and Bayerische Landesbank. He holds a PhD in Physics from the University of Lausanne and worked as an Assistant Research Professor at the Niels Bohr Institute in Copenhagen following two postdoctoral research positions at the University of California and the Massachusetts Institute of Technology.

Jan Schoch: “The addition of these talented individuals – both longstanding employees of Leonteq – to our Executive Committee will broaden the expertise and strengthen the skills of our leadership team. The separation of Risk Control from Legal & Compliance underlines the importance of both functions to our business. I very much look forward to working even more closely with Yann and Daniel in the future.”

As of January 2015, the Executive Committee of Leonteq will be composed of the following members: Jan Schoch (CEO), Roman Kurmann (CFO), Sandro Dorigo (Pension Solutions), Manish Patnaik (COO), Ulrich Sauter (Legal, Compliance & Human Resources), Daniel Cangemi (CRO) and Yann Besnard (Business Innovation).