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ODDO BHF and RBI forge strategic partnership for equity sales and research
Raiffeisen Bank International (RBI) and ODDO BHF have established a partnership in equity sales and research for Austria and Central and Eastern Europe, set to begin on February 1, 2025, following approval from the Austrian Financial Market Authority. This collaboration will enhance RBI's client services by leveraging ODDO BHF's extensive sales network and research capabilities, connecting clients to over 800 institutional investors across Europe and the USA. The integration aims to strengthen research for Austrian issuers and expand into CEE, benefiting all stakeholders involved.
ZKB appoints new portfolio managers for sustainable longevity fund
Zürcher Kantonalbank (ZKB) has appointed Clément Maclou and Luca Menozzi as new portfolio managers. Maclou will lead the €71.7m Swisscanto Equity Fund Sustainable Healthy Longevity, which focuses on healthy ageing, alongside co-portfolio manager Chi-Tran Brändli. Previously, Maclou held senior roles at ODDO BHF, Decalia, and CPR Asset Management.
edmond de rothschild appoints monika vicandi as chief risk officer
Edmond de Rothschild has appointed Monika Vicandi as the new Chief Risk, Legal & Compliance Officer, effective March 1, 2025. With over 20 years of experience in financial institutions, she will replace retiring Jean-Christophe Pernollet. CEO Ariane de Rothschild highlighted Vicandi's international expertise as a significant asset for the bank's development.
Swiss National Bank Cuts Interest Rate to Combat Low Inflation Risks
The Swiss National Bank (SNB) has cut its benchmark interest rate by 50 basis points to 0.5% to combat low inflation, which is projected to fall further. Analysts anticipate additional cuts, potentially bringing rates to zero by mid-2025, as the SNB signals readiness for further monetary easing amid economic uncertainties.
Inflation Sees Marginal Increase in November Amid Mixed Price Trends
Inflation saw a slight increase in November, rising to 0.7% year-on-year from 0.6% in October, despite a 0.1% monthly decline. Key factors included falling prices in hotels and international holidays, while residential rents and air fares increased. Core inflation remained stable at 0.9% year-on-year, with forecasts for 2024 likely to be revised downwards.
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