Nike's leadership is shifting as CEO John Donahoe resigns, to be succeeded by Elliott Hill, a veteran executive with 30 years at the company. This change comes after a significant decline in stock value and aims to restore investor confidence through a return to market-oriented strategies and global expansion. Following the announcement, Nike's stock saw a nearly 10% increase, signaling investor optimism about Hill's potential to blend tradition with innovation to navigate fierce competition.
IG
09:00 20.09.2024
Frédéric Rochat, Managing Partner at Lombard Odier, discusses the firm's long-term investment strategy amid declining profits and industry challenges. He expresses concern over the proposed inheritance tax initiative in Switzerland, warning it could destabilize the economy by forcing entrepreneurs to relocate or liquidate their businesses. Rochat emphasizes the importance of preserving Switzerland's balanced economic model, which supports both large corporations and small to medium-sized enterprises.
09:00 20.09.2024
The US Federal Reserve has initiated its easing cycle with a 50 basis point rate cut, reducing the target range to 4.75-5%. Private banks are advising investors to embrace more risk, particularly in equities, while suggesting a shift from cash to high-quality bonds. However, the trajectory of future rate cuts may be influenced by the upcoming presidential election.
09:00 20.09.2024
World Bank Vice President Martin Raiser concluded his visit to Bangladesh, pledging support for reforms aimed at achieving inclusive and sustainable growth. The World Bank's $2.3 billion program will enhance economic resilience, aid flood recovery, and support the Rohingya population. Raiser emphasized the need for improved governance and job creation for the 2 million youth entering the job market annually.
13:44 19.09.2024
Neue Bank in Liechtenstein has appointed Roman Pfranger as its new CEO, effective February, succeeding Marcel Lüchinger. Pfranger, who has been with Kaiser Partner Privatbank since 2008, previously led its private banking division and investment solutions. The executive board remains unchanged, managing client assets of approximately CHF 6.8 billion.
12:02 19.09.2024
Roman Pfranger, a 37-year-old private banker from Graubünden, has been appointed CEO of Neue Bank in Liechtenstein, effective January. He succeeds Marcel Lüchinger and brings over 15 years of experience from Kaiser Partner Privatbank, where he was instrumental in driving growth. With client assets of CHF 6.8 billion, Neue Bank aims for further expansion under Pfranger's leadership.
09:00 19.09.2024
David Howaldt has been appointed as a senior client adviser for intermediaries at VP Bank, based in Zurich. He joined the bank in September and is tasked with relationship management and developing partnerships with intermediaries, reporting to René Schibler, head of intermediaries EU/CH.
09:00 19.09.2024
DKSH Holding AG, with a market cap of CHF 4.18 billion, reported a net income of CHF 111.2 million for H1 2024, despite a slight sales dip. Its dividend yield stands at 3.5%, supported by a 77% payout ratio. In contrast, EFG International AG offers a higher dividend yield of 4.82% and a net income of CHF 162.8 million, reflecting strong performance in the financial sector.
09:00 19.09.2024
Roman Pfranger, a 37-year-old expert from Graubünden, has been appointed as the new CEO of Neue Bank AG. With extensive experience in Liechtenstein's financial sector, he has worked at Kaiser Partner Privatbank AG since 2008 and expressed his honor in leading Neue Bank towards future growth.
09:00 19.09.2024
Roman Pfranger has been appointed as the new CEO of Neue Bank Liechtenstein, effective February. He brings extensive experience from Kaiser Partner Privatbank, where he served as Head of Private Banking and Investment Solutions since 2008. Pfranger, a CFA charterholder with an MBA from IE Business School, replaces Marcel Lüchinger, who left in August 2023.
09:00 19.09.2024
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