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.
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.
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.
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.
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.
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.
Roman Pfranger has been appointed CEO of Neue Bank AG, bringing extensive experience from Kaiser Partner Privatbank AG and Bank Julius Baer. He aims to leverage the bank's strengths for further growth, alongside an unchanged Executive Board, as Neue Bank continues to excel in wealth management with assets of approximately 6.8 billion Swiss francs.
The "Data Driven Success" seminar, hosted by the Vietnam Banks Association and PwC Vietnam, emphasized the importance of effective data management in the banking sector for digital transformation. Experts highlighted that leveraging customer data through advanced technologies like AI can enhance operations, improve customer experiences, and drive innovation. Despite challenges, Vietnamese banks are beginning to implement data governance to optimize their services and meet growth targets.
Wall Street's major banks are divided on the pace and depth of Federal Reserve interest rate cuts, following a surprise half-point reduction. Goldman Sachs anticipates quarter-point cuts at each meeting until June, while JPMorgan forecasts another half-point cut in November, contingent on labor market conditions. Other banks, including Bank of America and Citigroup, predict additional cuts totaling 75 basis points this year, with varying expectations for 2025.
The US Federal Reserve has cut its target range for the Fed Funds Target Rate by 50 basis points to 4.75% to 5%, with projections indicating further reductions could bring rates to between 4.25% and 4.5% by year-end. Despite the significant cut, the Fed maintains a cautious approach, emphasizing that future decisions will be data-dependent, and further cuts are expected to be gradual, with a target rate of 3.4% projected for 2025.