Liechtenstein’s VP Bank experienced a significant profit decline in 2024, with annual profit shrinking by 58.2% to CHF 18.5 million. This downturn highlights challenges faced by many financial institutions amid evolving market dynamics, particularly due to shifting interest rates. Key Financial Performance Overview Despite the challenging year, VP Bank saw certain areas of growth: However, […]
Introduction: A Record Year for the SNB The Swiss National Bank (SNB) has achieved a historic milestone in 2024 with a record profit of CHF 80.7 billion that exceeded forecasts. As Switzerland’s central bank, the SNB not only manages the nation’s currency and monetary policy but also holds vast foreign assets and gold reserves. In
Edmond de Rothschild (EdR) has strengthened its presence in the UK wealth management sector by acquiring a majority stake in Hottinger & Co Ltd. This move builds on an existing partnership and allows EdR to expand its services for high-net-worth individuals (HNWIs) and family offices. London remains a key financial hub, attracting global investors seeking
VP Bank Appoints Co-Heads for Singapore Branch Liechtenstein-based VP Bank has reaffirmed its commitment to the Asian market by appointing Reto Marx and Thomas Rupf as co-heads of its Singapore branch. This strategic move comes as the bank navigates challenges in profitability and restructuring, positioning itself for long-term growth. New Leadership for a Strategic Growth
Introduction: A Legacy of Trust and Innovation In the dynamic world of global finance, Pictet shines as a model of stability and reliability. Since its founding in 1805, this Geneva-based private bank has not only observed the evolution of the global economy but has also helped shape it. By blending time-honored principles with a forward-thinking
Vontobel has been making headlines across the Swiss private banking sector with a series of noteworthy developments. From robust net new money inflows to an unexpected victory in a new brand identity index, the Zurich-based bank appears determined to reinforce its position in a crowded and competitive market. Meanwhile, a major leadership transition is underway,
Liechtensteinische Landesbank (LLB) is making a big move. The bank is relocating its Zurich office from Claridenstrasse to Bahnhofstrasse 74, one of the most prestigious addresses in Switzerland. This shift places LLB in the heart of the country’s financial district, alongside top global banks and luxury brands. A Bigger, Better Location LLB will occupy 1,100
A High-Stakes Deal in European Finance Swiss banking giant J. Safra Sarasin is making waves in the financial world with its potential acquisition of Denmark’s Saxo Bank A/S. If the deal goes through, it could reshape the landscape of online trading and private banking, positioning Safra Sarasin as a key player in global wealth management.
Introduction: A Pivotal Week for Swiss Banks This week is pivotal for the Swiss banking sector. Julius Baer, UBS, and Bank Vontobel are all set to release their Q4 2024 earnings. Given the current global financial instability, these disclosures are eagerly awaited. Analysts and investors will be watching closely to see how these banks have
Union Bancaire Privée (UBP), headquartered in Geneva, Switzerland, has established itself as a premier force in wealth management and private banking. Founded in 1969 by Edgar de Picciotto, UBP has experienced significant growth, both organically and through strategic acquisitions, cementing its status as one of the largest family-owned private banks globally. Let’s explore UBP’s financial
