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Manuel Rybach has been appointed as the new director general of the Swiss Association of Asset Management and Private Banking Banks (VAV), effective January 1, 2025. Rybach, currently Chief Corporate Affairs Officer at EFG International, succeeds Pascal Gentinetta, who has led VAV for the past decade. The association represents 23 banks managing over 1.2 trillion francs in assets.
Recent financials reveal DKSH Holding's net income rose to CHF 111.2 million, despite a slight dip in sales. EFG International reported a net income of CHF 162.8 million for H1 2024, with a dividend yield of 4.74%, while CPH Group's high payout ratio raises concerns about dividend sustainability.
EFG International shares, traded on the SWX stock exchange, were valued at CHF 5.66 on October 4, 2019. An investment of CHF 10,000 at that time would now be worth CHF 20,494.70, reflecting a 104.95% increase, with the last closing price at CHF 11.60 and a market capitalization of CHF 3.51 billion.
DKSH Holding reported a net profit of CHF 111.2 million, despite slightly lower sales, while EFG International achieved a net profit of CHF 162.8 million in the first half of 2024, with a dividend yield of 4.74%. The Swiss market is currently cautious, with top dividend stocks offering yields up to 5.6%.
Manuel Rybach will assume the role of managing director at the Association of Swiss Asset and Wealth Management Banks (VAV) starting January 1. He will maintain his position as chief corporate affairs officer at EFG International, overseeing public policy and corporate sustainability. Rybach has extensive experience from his tenure at Credit Suisse, where he served as global head of public policy and regulatory affairs.
The SPI index on the Zurich Stock Exchange fell 0.18% to 16,103.02 points at midday, marking a weekly decline of 0.974%. Over the past year, the index has risen by 10.52%, with a current high of 16,557.98 points and a low of 14,455.60 points. Notable gainers include Schlatter Industries and Rieter, while HOCHDORF and Evolva are among the biggest losers.
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.
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.
Weak trading in Zurich saw the SPI index drop 0.20% to 16,290.51 points at the start of Monday, with a market capitalization of €2.200 trillion. The index has risen 11.81% since the beginning of 2024, with a high of 16,557.98 points and a low of 14,455.60 points this year. Curatis led gains with a 6.86% increase, while Meyer Burger Technology faced the largest decline at -10.98%.
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