The idea behind
PRIVATEBANKS.COM
Around private banking and the private
banks themselves still many misunderstandings and missconceptions
exist – particularly concering the private banking in
Switzerland.
To collect all the necessary information
regarding private banking in Switzerland represents quite a huge
task. Therefore we created this site.
With our website
PRIVATEBANKS.COM we aim to offer to the interested public a global
and up to date platform which helps to avoid all the
misunderstandings and prejudices. Besides that the site aims to give
an overview as well as a deeper insight into the fascinating and
various world of the private banking in Switzerland. For example
you’ll find a complete directory of all private banks. Since we
want to keep this site for our visitors interesting and up to date we
appreciate your suggestions regarding possible enhancements.
The Vontobel Group more than doubles its net profit in 2005
Privatebanks.com
2006-05-01 - The Vontobel Group today reported a net profit of CHF 183.2 mn for the 2005 financial year. It thus succeeded in more than doubling its result compared to 2004 (+126%) due to increased profit contributions from all business units. The result for the previous year was adjusted for the impact of changes in IFRS accounting principles, in accordance with regulations. Operating income rose by 37% to CHF 624.4 mn, while operating expense grew at a lower rate (+19%) to CHF 385.9 mn. The cost/income ratio including depreciation therefore decreased substantially to 65.2% and was thus at the lower end of the mid-term target range. Investment Banking also doubled its pre-tax profit (+98%) due, in particular, to its successful derivatives business. Pre-tax profits in Private Banking and Asset Management & Investment Funds rose by 44% and 54%, respectively. At the end of 2005, the Vontobel Group held assets totalling CHF 88.9 bn. Client assets increased by 18.5% to CHF 57.6 bn in the year under review. In addition, custody assets of CHF 31.3 bn were reported. The Group recorded CHF 1.4 bn of net new money in 2005, including inflows of CHF 1.2 bn in Asset Management & Investment Funds and CHF 0.4 bn in Private Banking. In view of the marked improvement in the Group's result, the Board of Directors will propose a 33% increase in the dividend to CHF 1.60 to the General Meeting of Shareholders of Vontobel Holding AG.
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Neu Bank
Wartmann Bank AG
2006-02-28 - Ein neuer Stern am strahlenden Himmel der Privatbanken.
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english
Wartmann Bank AG
2006-02-10 - asfasdf
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AIG Private Bank continues to grow assets under management
AIG Private Bank Ltd..
2003-06-26 - As part of its expansion strategy within Switzerland, AIG Private Bank Ltd. will assume asset management responsibilities for a part of the successful banking products of Zurich Invest Bank AG. From the end of August 2003, it will manage the Savings Accounts as well as the Equity and Investment Plans under the names «AIG Savings Account» and «AIG Investment Portfolio» respectively. The investment strategies will remain unchanged for the two funds. New benefits for clients include access to an extended product range such as the «AIG Investment Portfolio», which encompasses various managed mutual fund accounts and a broad range of in-house and selected third-party funds. The parties have agreed not to divulge any details about the transfer price.
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Peter Gubler becomes Head of Operations at Vontobel Group
Bank Vontobel AG
2003-06-25 - As part of the implementation of its new functional based organisation on 1 July 2003, as announced in March of this year, the Vontobel Group is creating a new Operations Division which will incorporate on a group-wide basis all support functions in Information Technology (IT), Processing & Support and Services. As Head of Operations from the middle of August 2003 Peter Gubler will become a member of the Vontobbel Group Executive Board. In this function he will also take a seat on the Executive Board of Bank Vontobel AG, Zurich.
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