Raiffeisen has expanded its digital offering with the launch of digital capital marketplace for the Swiss bond market.
The platform, which enables the digital execution of issues on the Swiss bond market, is expected to go on the market in the first quarter of 2020. The business idea is implemented in a wholly-owned subsidiary of Raiffeisen Switzerland named Valyo AG.
Swiss bond issuers are directly linked to investors via the platform.
Issuers can issue their bonds on the platform and carry out all the steps from the entry into the book opening, the signing of contracts to the instigation of listing directly on the platform. Also, the settlement of the repayment of coupon and bond can be sent through the system. The functionalities ensure transparency in the book and pricing and ensure the traceability of the allocation. Market participants are supported by proven financial market experts.
The plan is to continuously expand the platform for further products and solutions. In order to increase agility, developability and innovative power, the business idea is implemented in a start-up company called Valyo AG, a wholly-owned subsidiary of Raiffeisen Switzerland.
Daniel Schwab takes over the management of Valyo AG.
From 1984 to 1993, Schwab worked as client service manager and client advisor at Swiss Bank Corporation SBV (now UBS AG) before moving to Swisscom AG in 1993. As head of Group Financing and later as group treasurer, he was responsible for the development of Treasury, where he led several large financing transactions on the domestic and foreign capital markets.