EFG International has opened new branches in Vaduz, Liechtenstein, and Gstaad, Switzerland, on February 6 and 7, 2025, respectively. The modern offices aim to enhance client service in these strategically important regions, with teams led by Tobias Wehrli and Manuel Blanco. Franco Polloni emphasized the bank’s commitment to expanding its presence in these attractive locations.
read moreFinancePress Release
February 10, 2025 | 15:23
February 10, 2025 | 15:23News Article
February 9, 2025 | 09:09
February 9, 2025 | 09:09
News from LIE
Generated 4 posts last week Kispi Children’s Hospital Faces Financial Struggles and Staffing Challenges
Kispi children’s hospital faces severe operational challenges, including staff shortages and financial mismanagement, leading to long wait times and patient dissatisfaction. Despite receiving donations and goodwill, the management’s lack of insight is evident, especially as CEO Georg Schäppi departs amid the crisis. The Eleonoren Foundation’s leadership also expresses concern over the hospital’s future, with potential nationalization looming at a cost of one billion francs.
read moreFidelity appoints Rocco Altobelli to lead ETF distribution in Switzerland
Fidelity International is enhancing its ETF sales strategy in Switzerland by appointing Rocco Altobelli as Head of ETF & Indexing Distribution for Switzerland and Liechtenstein. He will focus on expanding distribution to institutional and wholesale clients, reporting to Tim Breitbach. This move follows the recent appointment of Pascal Schuler as Head of Sales Switzerland, highlighting Fidelity’s commitment to the Swiss market and its actively managed ETF solutions.
read moreLiechtensteinische Landesbank to Relocate Headquarters to Bahnhofstrasse in Zurich
Liechtensteinische Landesbank (LLB) is set to relocate its Zurich headquarters from Claridenstrasse to Bahnhofstrasse 74, the Modissa building. The bank will occupy approximately 1,100 square meters across four floors in a fully renovated space, with retail areas and a rooftop restaurant remaining intact. The move is scheduled for the third quarter, post-summer vacation.
read moreUBS Granted Extension in Legal Dispute Over Credit Suisse Takeover Price
UBS has been granted an extension until March 24, 2025, to respond to the legal dispute regarding the share exchange ratio in its takeover of Credit Suisse. The Swiss Investor Protection Association (SASV) presented new arguments based on a Parliamentary Investigation Committee report, claiming the CHF 3 billion takeover price was arbitrarily set and too low. Legal actions are also being pursued by Legalpass and Lennert Partners for higher compensation for Credit Suisse shareholders.
read moreSmart Valor seeks strategic investors as it pivots to AI focus
Olga Feldmeier’s Smart Valor is seeking strategic investors or buyers for its Liechtenstein subsidiary as it pivots towards AI, with a decision expected soon. The company operates ELANN.AI, an AI-driven crypto investment agent, and has seen significant interest from potential investors in Asia, the USA, and the Middle East. With the upcoming issuance of MiCAR licenses, Smart Valor aims to capitalize on the regulated European crypto market while managing the costs of its trading platform.
read moreDeutsche Börse subsidiary secures MiCAR license for EU crypto services
Crypto Finance (Germany) has become one of the first providers to receive a MiCAR license from Bafin, enabling it to offer crypto services across the EU. The MiCAR regulations, effective since the start of the year, establish a uniform framework for crypto business, ensuring transparency and security. The license allows for custody, exchanges, transfer services, and execution of customer orders throughout Europe.
read morePolaris appoints Rob Carroll to enhance European investor services and expansion
Polaris, a financial institution based in Zurich and Vaduz, has appointed Robert “Rob” Carroll as Managing Partner to enhance its investor services and expand into European markets, including the UK and France. With over 15 years of experience, Carroll joins existing partners Claus Hilpold, Stefan Brägger, and Rolf Dreiseidler to bolster fundraising and GP advisory services. Polaris, a regulated European placement agent with 17 years of expertise in alternative investments, aims to strengthen investor support across the continent.
read morePotential Catalysts for Ethereum Price Surge Towards Five Thousand Dollars
Ethereum, currently trading at $3,400, faces challenges but has potential catalysts for growth, including the upcoming Pectra upgrade in March, rising open interest in futures, and strong technical indicators suggesting a bullish breakout. A key resistance level to watch is $4,082, with potential gains toward $5,000 if surpassed.
read moreL.E.K. Consulting expands presence in Switzerland with new Zurich office
L.E.K. Consulting has established a presence in Zurich, expanding its services to German and Austrian clients. Marc D. Grüter, with 20 years of experience in consulting and a background at UBS, will lead the Swiss office, focusing on digital transformation, risk management, and innovative business strategies.
read moreSwitzerland to Implement T Plus 1 Settlement Standard by October 2027
Switzerland will transition to T+1 settlement for share and securities trading in October 2027, aligning with the USA and India. This shift, confirmed by the Swiss Securities Post-Trade Council and the State Secretariat for International Financial Matters, aims to reduce risks and modernize industry infrastructure. The EU and UK are expected to adopt the same timeline, promoting a synchronized market environment.
read moreHypothekarbank Lenzburg Completes Acquisition of Swiss Bankers Prepaid Services
Hypothekarbank Lenzburg has successfully completed the acquisition of Swiss Bankers Prepaid Services, now fully integrating the banking-as-a-service provider into its operations. The deal received approval from both the Swiss and Liechtenstein financial authorities, and all employees will be retained under the leadership of CEO Hans-Jörg Widiger. Future collaboration will focus on enhancing services in payment solutions, banknote delivery, and peer-to-peer money transfers.
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