Union Bancaire Privée (UBP) reported a 9.4% increase in operating income for 2024, reaching CHF 1.342 billion, driven by a 20.3% rise in net interest income and a 5.0% increase in commissions. Client assets grew by 10.3% to CHF 154.4 billion, despite outflows from institutional clients. The bank’s operating result rose 16% to CHF 312.4 million, with a Group result of CHF 257.4 million, reflecting a strong growth strategy and preparations for integrating recent acquisitions.
about UBP Reports Strong Growth in Revenue and Client Assets for 2024Urstadt Biddle Properties Inc.
0 in Finance and 0 in Crypto last weekBaker McKenzie Expands Tax Team in Switzerland with New Experts
Baker McKenzie has enhanced its tax team in Geneva with the addition of experienced advisors Sylvain Godinet and Raphaël Matthys, responding to the growing complexity of business regulations. Godinet brings over 20 years of experience, while Matthys has 15 years in international tax structuring and corporate finance. Their expertise will bolster the firm’s position in the evolving tax landscape, supported by a global network of over 900 tax practitioners.
about Baker McKenzie Expands Tax Team in Switzerland with New ExpertsGenvil’s Journey: Building a Boutique Wealth Management Firm in Geneva
Genvil, a boutique wealth management firm founded by François Savary, Cédric Mondada, and Natalia Souto, emphasizes independence, transparency, and personalized service. With a focus on stabilizing operations and maintaining client trust, Genvil aims to adapt to emerging financial trends while prioritizing client satisfaction and compliance. The firm’s investment strategy is rooted in a top-down approach, ensuring tailored asset management for a geographically diverse clientele.
about Genvil's Journey: Building a Boutique Wealth Management Firm in GenevaEdmond de Rothschild appoints Monika Vicandi as Chief Risk Officer
Edmond de Rothschild has appointed Monika Vicandi as the new Chief Risk, Legal & Compliance Officer, effective March 1, 2025. With over 20 years of experience in financial institutions, she will replace retiring Jean-Christophe Pernollet. CEO Ariane de Rothschild highlighted Vicandi’s international expertise as a significant asset for the bank’s development.
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