Manuel Rybach has been appointed as the new Managing Director of the Association of Swiss Asset Management and Wealth Management Banks (VAV), effective January 1, 2025. Rybach, currently Chief Corporate Affairs Officer at EFG International, succeeds Pascal Gentinetta, who led the VAV for a decade. The VAV represents 23 banks managing over CHF 1,200 billion in assets.
Manuel Rybach has been appointed as the new CEO of the Swiss Association of Asset Management and Private Banking (VAV), effective January 1, 2025, succeeding Pascal Gentinetta. Rybach, currently Chief Corporate Affairs Officer at EFG International, brings extensive experience in public policy and regulatory affairs from his previous role at Credit Suisse. Under Gentinetta's leadership, VAV has strengthened its position as a key representative for wealth management banks in Switzerland, managing over 1.2 trillion francs in assets.
Investors are advised to avoid major portfolio changes in response to election developments, focusing instead on managing exposure to vulnerable sectors like consumer discretionary. With President Biden facing scrutiny over his campaign performance and trailing in polls against Trump, election outcome probabilities have shifted, indicating a higher likelihood of a Trump victory. The implications for trade and market volatility are significant, with expectations of increased protectionism regardless of the election result.
IG Market is a competitive broker specializing in derivatives, ideal for short-term, speculative investments. It offers a variety of trading platforms, including WebTrader and MetaTrader 4, along with advanced analysis tools and educational resources. Investors can trade CFDs on various assets, including commodities, currencies, and options, while benefiting from features like trading alerts and algorithmic trading capabilities.
Berner Kantonalbank shares rose by 1.44% to EUR 246.50 on October 2, 2024, despite a 1.02% decline last month. The bank announced a dividend increase to EUR 10.00 per share for 2024, reflecting confidence in its financial stability amid market volatility, with a dividend yield of 4.13%. Investors are closely watching the impact of the current interest rate environment ahead of the quarterly statement in January 2025.
The canton of Lucerne is experiencing a significant rise in demand for housing, leading to a decrease in available rental apartments. As a result, advertised rental prices have surged by 10 percent compared to the previous year, indicating a tightening real estate market.
On Wednesday, the SPI index in Zurich fell 0.20% to 16,099.50 points, marking a decline of 0.996% since the start of the week. The index has risen 10.50% year-to-date, with a high of 16,557.98 points and a low of 14,455.60 points recorded this year. Schlatter Industries and Rieter led the gains, while HOCHDORF and Evolva faced significant losses.
Willbe, a digital asset management service by Liechtensteinische Landesbank, offers a call deposit account with competitive interest rates: 3.30% for euros, 4.25% for US dollars, and 0.85% for Swiss francs, applicable up to 50,000 euros. The account features quarterly interest crediting and is suitable for investors seeking flexibility and sustainability. Customers benefit from statutory deposit protection up to CHF 100,000 and can manage their accounts via an app.
The Liechtensteinische Landesbank (LLB) demonstrates stable performance amid market volatility, trading at EUR 76.50 with a forecast dividend yield of 3.88%. The share has seen a notable annual increase of 13.33%, reflecting investor confidence despite geopolitical uncertainties. Recent analysis suggests shareholders may need to consider their next steps.
Idorsia's share price dropped 2.64% to EUR 1.604 on October 2, 2024, amid ongoing financial difficulties, including a negative price/earnings ratio of -0.93 and a net loss of EUR 300 million last year. With a market capitalization of EUR 303.2 million, investor concerns are mounting as they await the quarterly report on October 20, which may provide insights into the company's four drug candidates in clinical phase 3.
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