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Saudi Economy kicks off robust «Home-Run» 2025
The Riyad Bank Purchasing Managers’ Index (PMI), a litmus test for the private non-oil sector in the Kingdom, climbed to a six-month high of 57.8 points in September. Economists are puzzled as to what could possibly slow down the Saudi economy. Business travelers, however, are beginning to notice th
UBP Strengthens Its External Asset Manager Business
For Union Bancaire Privée (UBP), collaboration with external asset managers (EAMs) has long been a key success factor. The integration of Société Générale Private Banking (Schweiz) AG now opens up entirely new opportunities for the Geneva-based private bank.
How Pictet Claimed the Crown in Thematic Investing
It isn’t every day that the discreet Geneva private bank Pictet opens its doors to the media. Recently, a group of finance journalists from across Europe gathered at the group’s headquarters for a glimpse inside a private bank whose asset-management arm ranks among the global leaders in thematic inv
Bond Market: Issuance Business on Record Course
The Swiss capital market remains an attractive refinancing source for both domestic and foreign companies. Positive for investors is the continued availability of fresh bonds across all issuer categories. With Cham Swiss Properties and Hochtief, two debut issuers entered the market in September.
Crypto Exchange 1inch Sets Its Sights on the Mass Market
Sergej Kunz, co-founder of 1inch, based in Dubai, has a flair for the big stage. The savvy entrepreneur used Token2049, the Web3 mega event in Singapore, to unveil a bold new image for his cryptocurrency trading platform—one aimed squarely at the mass market. And he's not alone.
Gold Trade: Washington Judges Drill Into OFAC's Russia Sanctions Scope
A Court of Appeals in Washington, D.C., drilled into the fine print of U.S. sanctions on Wednesday, pressing both sides over whether Liechtenstein trader Axel Diegelmann and his firm Rheingold truly «operated» in Russia’s metals-and-mining sector.
Nature is Precious And Expensive : Potential And Limitations of Private Finance
A study by Swiss Banking in collaboration with the Boston Consulting Group quantifies for the first time the nature-related investments required for Switzerland and provides insights into financing opportunities through banks. Switzerland faces a multibillion challenge, writes Erol Bilecen, Head of
Moneypark Relies on Proven Leaders in Executive Management
Following a transition year marked by its integration into parent company Helvetia's distribution network, Moneypark aims to return to innovation and has created a new Business Development division. In executive management, the company is relying on familiar faces.
Florence Schnydrig Moser: «Private Banking Starts at 1 Million Francs»
Zürcher Kantonalbank is posting strong growth in private banking and has become one of the key players in the field. In this interview with finews.com, Florence Schnydrig Moser, Head of the division, discusses the ingredients behind that success, the next milestones, German clients, and the end of C
From Shanghai to Dubai: Swiss Watchmaking on World Tour
The Grand Prix d’Horlogerie de Genève (GPHG) has kicked off its 2025 world tour in Shanghai, showcasing Swiss and international watchmaking at Bund 33. The exhibition highlights both artistry and diplomacy, marking 75 years of China–Switzerland relations.
Luzerner Kantonalbank Poaches Senior Executive from UBS
The central Swiss cantonal bank has appointed the new head of its Corporate Clients & Private banking division, thereby completing its executive board. To fill the role, it has recruited Désirée von Michaelis, currently Head of Wealth Planning at UBS.
A Confirmation of the Obvious as a Tactical Concession to the U.S.?
In a joint statement with the U.S. Treasury, the Swiss Federal Department of Finance (FDF) and the Swiss National Bank (SNB) reaffirm that Switzerland and the United States do not use exchange rates to gain a competitive advantage for their own economies. The statement could be part of a broader dea
Miró Mitev: «In AI Investing, Time is the Secret Ingredient»
«AI delivers attractive returns at significantly lower costs,» says Miró Mitev. «Because we no longer need a large investment team, our management fees are lower. At the same time, our AI has consistently outperformed the best “human managers” year after year for more than two decades,» emphasizes t
High Noon in Washington: Gold Trader Gets His Day in Court
Nearly two years after being blacklisted by OFAC, Liechtenstein gold trader Axel Diegelmann will see his case reach a decisive stage: on October 1, the D.C. Circuit Court of Appeals will hear arguments on whether the U.S. Treasury’s sweeping sanctions against him and his firms can stand.
Exodus of the Wealthy: Tax Expert on Germany’s Outflow of Rich Clients
Germany is increasingly losing economic top performers: entrepreneurs and wealthy individuals are turning their backs on the country, fearing rising taxes and political uncertainty. Tax advisor Markus Baumgartner speaks with finews.com about the main relocation trends and destinations.
Saudi Arabia: Growth in Asset Management, but at a Cost
Thanks to a growing stock market and investor culture, the number of asset managers and investment funds is rising in the Kingdom. The guild of asset managers is steadily expanding, although their investments show an excessive concentration risk in an industry particularly popular in the Gulf region
NextGen Collectors: How a New Generation Is Transforming the Art Market
Millennials and Gen Z are prioritizing purpose, dialogue, and transparency over prestige and returns. This shift is set to transform the art market. Birgit Gudat and Elena Bittner of Kendris outline who these new collectors are—and what drives them.
The Swiss National Bank Tempers Expectations and Marks Its Distance
President Martin Schlegel emphasized the importance of a strong culture of discussion within the collegial governing board. At the same time, the Swiss National Bank (SNB) gave indications as to why the hurdle for returning to a negative policy rate remains high, while also keeping expectations low
Natasa Cmiljanovic: «I Don't Drive and Have Little Interest in Cars Overall»
She comes from a war-torn country, and her motivation has always been to become a better version of herself. In this interview, Natasa Cmiljanovic, COO and founder of Swiss Rockets, talks about the best thing about her job and life-changing moments.
UBS Pays Up in Paris: A Settlement Shareholders May Regret
UBS is closing its French tax case with a payment of 835 million euros — far less than once sought, yet far more than the latest court rulings would have implied. For shareholders, the aftertaste is bitter: Did the bank give up strong legal cards and accept a politically driven settlement at a high