Surprising management change at Leonteq: the head of the derivates company's finances has thrown in the towel and has already been replaced.
Roman Kurmann, chief financial officer at Zurich-based Leonteq, has decided to take some time out to take care of his family before looking for a new challenge, the company said in a statement today.
Leonteq has found a replacement: Marco Amato (pictured left) will take up the position as Chief Financial Officer (CFO) starting on September 1, 2016. The 35-year-old is currently a partner at consultant EY, working in the Assurance Financial Services unit and acting as member of the management crew in the financial services division.
Difficult Times
Amato, who has dual citizenship of Switzerland and Italy, has an Advanced Master of International Business Law (LLM) from the University of Zurich and a Master of Business and Economics from the University of Basel. He also is an accountant by training.
The change of CFO comes at a difficult moment, after Leonteq had to issue a profit warning for the first quarter of 2016.
