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Philipp Wehle, a former top manager at Credit Suisse, will join Swiss Private Client Bank as deputy CEO in March 2025, acquiring a stake in the firm. Based in Zurich, the bank focuses on providing holistic financial advice to wealthy families and individuals, aiming for further growth in Switzerland and Europe.
Philipp Wehle, a former top manager at Credit Suisse, will join Swiss Private Client Bank as deputy CEO and partner in March 2025. The Zurich-based bank, known for its discreet services to wealthy families, aims for growth in Switzerland and Europe, with Wehle planning to engage directly with clients. The institution, founded in 1998, is owned by anonymous entrepreneurial families and employs around 30 people.
The euro has reached its lowest exchange rate against the Swiss franc since January 2015, with experts likening it to the Italian lira due to ongoing economic concerns in the Eurozone. Analysts attribute the euro's weakness to slower growth compared to the U.S. economy and suggest that reforms in tax competition and labor markets are necessary for improvement. Additionally, Germany's reliance on a weak euro may hinder its competitiveness, while broader issues, including France's economic struggles and geopolitical tensions, further complicate the situation.
Ivan Adamovich, CEO of Private Client Bank, likens the euro to the former Italian lira, citing its weakness amid concerns over Eurozone growth. The euro recently fell to its lowest value against the Swiss franc since 2015, driven by economic disparities with the U.S. and internal challenges in Germany and France. Adamovich suggests that reforms in tax competition and labor markets are essential for improvement, but no changes are anticipated soon.
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former credit suisse executive joins swiss private bank as deputy ceo
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Philipp Wehle
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15:12 26.02.2025
former credit suisse executive joins swiss private bank as deputy ceo
11:26 26.02.2025
euro's decline mirrors past struggles of the italian lira
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11:00 25.11.2024
euro's decline likened to the italian lira amid economic concerns
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St. Gallen Cantonal Bank
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Ivan Adamovich
Thomas Stucki
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11:00 25.11.2024
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