72 articles found within the last year.
Displaying results 21 - 40
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Swiss bankers embrace the advance of transparency
Swiss private bankers have accepted that banking secrecy ... Speaking at the European Private Banking conference in ... Walter Berchtold, head of Credit Suisse’s private banking ... Pierre de Weck, head of Deutsche Bank Private ... Switzerland hosts about a third of the estimated...
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Swiss exchange plans high-frequency push
Switzerland’s stock exchange is set to adopt a ... SIX Swiss Exchange is discussing potential changes – ... Earlier this year, the Zurich-based exchange launched a ... Katz told Financial News in an interview: “We ... High-frequency firms are typically hedge funds or proprietary...
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Swiss government pockets $1.13bn from UBS stake sale
Switzerland pocketed Sfr1.2bn (€792m) as it sold its ... The move comes less than a year after ... On Thursday, Switzerland converted a note that gave ... "This stabilisation program is notable as it is ... Governments across Europe, including the UK, Germany, the ... The UBS offering, which came one day after...
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Switzerland to sell UBS stake
The Swiss government said it will sell its ... The government said Wednesday's finalised settlement to a ... UBS said the sale, scheduled for August 25, ... For the government, the sale means an end ... The government said the tax pact with the ... UBS, as well as rival Credit Suisse, will...
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Swiss aren't so secret anymore
Now that Swiss banking giant UBS has agreed ... The answer, says UBS chief executive Oswald Grübel, ... "These are the markets where even we are ... For no one is the challenge greater than ... Grubel admits the bank's dispute with the US ... As he speaks, Zurich is in full vacation...
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LGT ahead of schedule with secondaries fund
A Swiss-based private equity fund of funds has ... LGT Capital Partners has raised $268m (€189m) for ... Tycho Sneyers, partner at LGT, said: “With a ... Crown Global Secondaries II follows LGT’s previous secondaries ... The first close, which enables a vehicle to ... Figures from Preqin show firms took an average...
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Smaller rivals chase the big Swiss banks
Credit Suisse continues to be the star-performing wealth ... Second-quarter results released last month by Credit Suisse ... Net new money flows – one of the ... That compares favourably with its big rival UBS, ... Rather than UBS, Credit Suisse might be more ... Tobias Brütsch, a bank analyst at private bank...
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Redemptions temper Gottex gains
Gottex Fund Management’s flagship strategy suffered an 8% ... The value of assets held in Gottex’s fund ... This mirrored a fall in assets at group ... These gains were offset by $570m of redemptions, ... The Swiss-listed company said its enhanced index strategies ... Gottex’s performance in the second quarter also chimes...
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EFG Private Bank appoints head of private banking
EFG Private Bank, the UK business of EFG ... Anthony Cooke-Yarborough joins the bank from Mourant Private ... He came to Barclays from Merrill Lynch, where ... In his new London-based role at EFG, Cooke-Yarborough ... Since the departure of Paul O’Donnell in November ... EFG International's group of private banking businesses currently...
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Swiss manager eases redemption terms on hedge fund
A Swiss hedge fund has cut the time ... Jabre Capital Partners previously allowed investors out of ... A source close to $3bn (€2.1bn) manager Jabre ... Last year, many investors were stuck in funds ... One credit fund manager said: "Where our industry ... The source added that the manager of the...
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Pressure builds on bank secrecy
Alpine banking secrecy might be viewed by Washington, ... James Nason, a spokesman for the Swiss Banking ... The SBA and Swiss politicians are proud to ... This legislation, and Switzerland’s tradition of neutrality during ... More than 70 years after secrecy was introduced...
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SFO freezes Stanford assets at London banks
The UK Serious Fraud Office has obtained a ... According to a statement released today, the SFO ... The statement said that the funds were allegedly ... Richard Alderman, director general at the SFO, said: ... The freezing of assets follows news that Stanford ... US District Judge David Hittner listened to new...
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Life after the City: Ronald Hinterkircher
One former UBS banker put his career on ... Then: managing director, UBS Swiss franc bond syndicate ... Now: ice hockey coach and sports psychology student ... “I wanted a break after being in investment ... “I’ve always liked to do sport in my ... “I started coaching in September. In Switzerland and...
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Is the worst now over for UBS?
When UBS persuaded Oswald Grübel to come out ... Having helped to define investment banking and credit ... Wealthy clients were closing their accounts at a ... Five months on from Grübel’s appointment, UBS has ... Pressure from the Swiss regulator has also forced ... But some analysts are starting to suggest the...
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Banking rivals battle it out to be Swiss champion
Little does as much good for national pride ... The celebrations don’t stop there: Much like Federer, ... Despite refusing government help and relatively little share ... Of course, where there are winners, there must ... In recent months, several high-ranking names have defected...
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Trial begins in sex-games slaying of wealthy French banker
The trial has begun of a woman charged ... According to a report by news agency AP, ... "I would like to ask forgiveness from Mrs ... Two of the children and Stern's ex-wife, who ... Brossard, then 36, was arrested two weeks after ... Stern had a long background in investment banking....
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Swiss private bank bounces back with new private equity fund
Swiss private bank Lombard Odier Darier Hentsch has ... The bank’s private equity arm LODH Private Equity ... The private equity fundraising success follows the confirmation ... A spokeswoman for the main Lombard Odier group ... The group’s private equity arm is thriving in...
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UBS defends salary increases for bankers
UBS' chief executive on Tuesday defended base salary ... "We have to pay out employees in line ... Grübel said UBS chose to raise base salaries ... UBS had fallen behind the market in some ... "These investments were necessary to safeguard our profitable ... UBS raised base salaries recently for some employees...
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Swiss manager backs London with dual listing
A Swiss asset manager has shown confidence in ... LGT Capital Partners will dual list its $546m ... The move will not involve any fundraising, according ... Cartwright said he hoped the dual-listing would increase ... He added that Castle could have up to ... At 12:30 GMT today, the gap was 32.6%,...
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Luxembourg orders closure of UBS wealthy fund
Luxembourg authorities have taken action for a second ... In a relatively rare move for the duchy, ... The order to liquidate the Luxembourg Investment Fund ... In February the regulator, Commission de Surveillance du ... One investment consultant said: "We have seen regulators...
