Lombard Odier, a private bank based in Geneva, has set its sights on generating significant profits from its newly established location in Zug. However, the current market conditions cast doubt on the potential for long-term success.

The recent collapse of Credit Suisse has caused a significant shake-up in the banking sector, leading many competitors to recruit talent from the failed institution. Banks in Central Switzerland have successfully attracted a large number of former Credit Suisse employees, enabling them to expand their operations. This influx of talent may reshape the competitive landscape in the region as institutions compete for a stronger position in the aftermath of recent disruptions in the banking industry.