The winners of the Private Banking Switzerland Awards have been announced! This year’s winners for the Private Banking & Wealth Management Switzerland Awards have been announced and there were a number of worthy winners. From incumbent banks such as BNP Paribas and UBS to newer players such as Appway and Unblu, there was a…
More nimble fintechs have one advantage over traditional banks when it comes to responding to customer needs to improve customer experience. With over half of customers saying that banking is not fun, banks face the challenge of enhancing user experiences to address changing customer needs, according to the World Retail Banking Report 2022 from Capgemini…
The new CEO of Julius Baer needs a plan for the Swiss wealth manager’s next decade after a boom period. Insiders are bracing for a flurry of ideas and changes from the quick-thinking former consultant, finews.comlearned. Philipp Rickenbacher was 33 when he was briskly introduced on Julius Baer’s trading floor in 2004 as «Philipp who’ll be doing…
It is the private bank’s seventh acquisition in the past five years. The pan-European private banking group KBL European Private Bankers (KBL) has agreed acquire Zurich-based wealth manager Bank am Bellevue. The Swiss firm is a subsidiary of the Bellevue Group, a financial services company listed on the Six Swiss Exchange. Bank am Bellevue currently…
Lombard Odier is pleased to announce the arrival of Mr. Stephen Kamp as Chief Operating Officer (COO) for private clients. A member of the Executive Committee, he will be based in Geneva and will take up his duties on 16 August 2019. He will report to Frédéric Rochat, co-Head of the Private Clients business. S.…
Citi Private Bank is appointing a veteran to run its business in Switzerland and Monaco. Her remit is somewhat smaller than that of her predecessor. Laurence Mandrile-Aguirre will take over the U.S. bank’s wealth management operations in Switzerland and Monaco over the next two months, according to a memo seen by finews.com. She takes over from James Holder,who is…
Credit Suisse set a positive tone for this quarter’s European bank results on Wednesday, lifting its net profit as gains in equities and deeper ties between trading and private banking helped offset lower revenue. Switzerland’s second-biggest bank bucked market expectations of a profit dip and said it gained market share in equities trading during a…
Private Banker International Switzerland Awards were announced on Wednesday at a ceremony in Zurich. These awards are an extension of the well established Private Banker International London Awards and Global Awards that took place in Singapore in October These awards are designed to identify leading institutions that are setting new standards in private banking and wealth…
Swiss bank Reyl & Cie has announced it will purchase the Luxembourg private banking arm of family-owned Swedish financial group Öhman. Reyl will acquire all of the outstanding share capital of Öhman Bank Luxembourg, which was established in 2006. A spokesman at Reyl said all the staff at Öhman would be transferred. The deal marks…
