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clear group appoints simon smith as group chief operating officer

Clear Group has appointed Simon Smith, formerly of Swiss Re, as its new group chief operating officer. With over 20 years in the insurance sector, Smith will oversee operations, IT, data, and claims, playing a crucial role in the company's growth strategy across the UK and Europe. This move follows a series of acquisitions since Goldman Sachs Asset Management took a majority stake in June 2022.

ubs ceo sergio ermotti seeks clarity on government proposal

Sergio P. Ermotti serves as the CEO of UBS AG and holds various leadership roles, including Chairman of Investindustrial Acquisition Corp. and Swiss Re AG. His extensive experience includes previous positions at UBS Group AG, UniCredit SpA, and Merrill Lynch, among others, showcasing his influence in the financial sector. Additionally, he is involved with several foundations and organizations, emphasizing his commitment to global banking and economic development.

Sergio Ermotti to Receive 14.9 Million Sfr Compensation as UBS CEO

Sergio Ermotti, CEO of UBS AG, will receive a total compensation of 14.9 million Swiss francs in 2024. He holds multiple leadership roles, including Chairman of Investindustrial Acquisition Corp. and Swiss Re AG, and has an extensive background in banking and finance, having served in various executive positions across notable institutions.

European dividend stocks show promise amid cautious market optimism

Amid cautious optimism in Europe, the STOXX Europe 600 Index has seen slight gains as investors respond to U.S. trade policies and the Russia-Ukraine conflict. Dividend stocks like FinecoBank Banca Fineco, with a market cap of €11.12 billion and a 4.1% yield, are appealing for stability and income, despite past volatility in dividend payments. FinecoBank has proposed a 7% increase in dividends per share to €0.74, reflecting its commitment to enhancing shareholder returns.

Swiss stock market edges up as Oerlikon and Basilea report strong results

The Swiss stock market closed slightly higher, with the SMI rising 0.15% to 12,893.98 points, buoyed by gains in cyclical and financial stocks. Notable performers included OC Oerlikon (+8.7%) and Basilea (+8.3%), while Lonza (-2.7%) and Siegfried (-6.3%) faced declines due to conservative outlooks. Encouraging economic signals from Germany and the USA contributed to a positive market sentiment.

mixed market signals as tech shares falter and peace talks continue

US Vice President J.D. Vance emphasized the need for a swift and lasting peace in Ukraine during a meeting with President Volodymyr Selensky, while trade tensions escalated under Trump’s new tariff policies. In the stock market, Airbnb surged over 14% after strong quarterly results, while Informatica's shares plummeted by more than 21% due to disappointing turnover. The Swiss Market Index is poised for a slight increase, driven by ongoing geopolitical developments and the upcoming earnings reports from major companies.

Lucerne Festival faces funding crisis amid board dispute and sponsor withdrawal

The Lucerne Festival faces a funding crisis as main sponsor Sibylla and Christoph M. Müller withdraw support over the retention of Walter Kielholz on the Board of Trustees, citing his role in the Credit Suisse scandals. The festival defends Kielholz, emphasizing his contributions, while asserting its financial stability and finding a replacement sponsor.

dispute leads major sponsors to withdraw support from lucerne festival

The Lucerne Festival faces a significant setback as main sponsors Christoph and Sibylla M. Müller withdraw their support over a dispute regarding former Credit Suisse executives Urs Rohner and Walter Kielholz. The couple, who have backed the festival for 25 years, demand a reevaluation of values in cultural sponsorship, citing concerns over reputation-washing. Despite Rohner's resignation, the Müllers remain firm in their decision, redirecting their funding to other institutions.

Swiss Re acquires full ownership of Elips Life insurance company

Swiss Re has acquired full ownership of Elips Life by purchasing the remaining 52 percent stake from Liechtensteinische Landesbank and other shareholders, enhancing its position in the life insurance market. In a separate initiative, Ina Assitalia has introduced "Uno in Due," a savings plan tailored for de facto couples, marking a significant step in catering to nontraditional family structures.

Swiss stock market dips as labor data and tech sector woes weigh down indices

The Swiss stock market experienced a slight decline, with the SMI closing 0.24% lower at 12,593.34 points, marking its first loss after six weeks of gains. Swisscom and Holcim saw gains amid merger rumors, while financial stocks like Julius Baer and Partners Group faced significant losses. The US labor market data influenced investor sentiment, with employment growth slightly below expectations but a drop in the unemployment rate to 4%.
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