Leonteq: Raiffeisen sold stake to H21 Macro, four investors

Leonteq: Raiffeisen sold stake to H21 Macro, four investors

Leonteq Shareholder Structure: Key Stakeholders and Recent Developments

Zurich-based structured products specialist Leonteq AG (SIX: LEO) has maintained a dynamic shareholder landscape, with notable updates in recent years. As of February 2025, Rainer-Marc Frey, a prominent Swiss financier and former UBS board member, holds a 9.98% stake in Leonteq through his investment vehicle H21 Macro, down from 10.15% in late 2020. This reduction follows Frey's initial investment in 2017 during a period of internal turmoil at Leonteq, which has since seen its share price rise by over 55% under his partial ownership.

Raiffeisen Group, the Swiss retail bank, remains the largest shareholder with a 29% stake, anchoring a broader shareholder group that includes Leonteq's founding trio—Jan Schoch, Sandro Dorigo, and Lukas Ruflin— collectively holding 44.3% of the company. Frey's current position as the third-largest shareholder underscores his ongoing influence, despite a partial divestment.

Other notable developments include former major investor Gregor Greber, who acquired a significant stake in 2024 but exited months later. Additionally, Frey's indirect involvement in Crypto Finance, a fintech firm recently acquired by Deutsche Börse, may further diversify his financial interests.

Leonteq's share performance has reflected broader market challenges, having recovered from a 2016 loss and a sharp decline from CHF226 to CHF34 between 2016 and 2018. While the company's strategic direction remains tied to its core derivatives expertise, shareholder activity continues to shape its corporate trajectory.

Investors monitoring Leonteq should consider these evolving stakeholder dynamics alongside the firm's operational performance and market conditions.

(https://www.finews.com/news/english-news/46984-rainer-marc-frey-leonteq-stake): Swiss Hedge Fund Pioneer Cuts Leonteq Stake, finews.com
(https://www.finews.com/news/english-news/26624-swiss-investor-acquires-major-leonteq-stake): Swiss Investor Acquires Major Leonteq Stake, finews.com

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