Philipp Wehle from Private Banking and Didier Denat from corporate business are leaving CS amid its ongoing issues. Denat will take on the role of President at Kredo, a startup focused on financing solutions for SMEs, offering loans between 50,000 and 500,000 francs with decisions made within a week.
about Former CS Executives Launch SME Financing Startup Kredo After Bank CollapsePhilipp
0 posts last weekKunsthaus Zurich Faces Funding Challenges Despite High Visitor Numbers
The Zurich Kunsthaus reported 513,162 visitors in 2023, one of its highest figures in over a century, amid financial struggles and a pending subsidy increase request from the city. However, visitor growth of just 1.7% and a significant portion of free admissions raise concerns about sustainability. Despite a booming tourism sector in Zurich, the Kunsthaus faces challenges in attracting paying visitors and securing sponsorships.
about Kunsthaus Zurich Faces Funding Challenges Despite High Visitor NumbersPhilipp Kutter’s Candidacy for Federal Council Amid Health Challenges
Philipp Kutter, a National Councillor from Zurich, is seen as a potential candidate for the Federal Council despite his severe paralysis from a skiing accident two years ago. He asserts his capability to fulfill his duties, having successfully managed his roles as mayor and councillor since April 2024, although critics question the feasibility of his commitments. Concerns have been raised about his ability to handle multiple responsibilities, with suggestions that his wife may be managing many of his tasks.
about Philipp Kutter's Candidacy for Federal Council Amid Health ChallengesJulius Baer Chairman Romeo Lacher Resigns Amid Leadership Changes and Challenges
Romeo Lacher’s unexpected resignation as Chairman of Julius Baer marks a significant transition for the Swiss wealth management bank, which he led for six years. His departure follows the tumultuous Signa case and the resignation of CEO Philipp Rickenbacher, prompting a search for a new chairman to complement incoming CEO Stefan Bollinger, who brings international experience from Goldman Sachs. Despite recent challenges, including a complete write-off related to the Signa case, Julius Baer’s share price has surged by 24% in the last quarter of 2024.
about Julius Baer Chairman Romeo Lacher Resigns Amid Leadership Changes and ChallengesESG-AM Achieves 400 Million Francs in Assets Under Management
Zurich-based asset manager ESG-AM has increased its assets under management to nearly CHF 400 million, achieving a 30% growth last year despite challenges in the ESG sector. The firm’s strategies outperformed benchmarks, with its flagship fund exceeding the index by 55 basis points, while maintaining sustainability performance aligned with the Paris Climate Agreement. CEO Philipp Good anticipates continued inflows into their credit strategies due to favorable yields.
about ESG-AM Achieves 400 Million Francs in Assets Under Management