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Marcuard Heritage has appointed Sascha Steinmann, a private banking veteran with over 20 years of experience, to enhance its strategic partnerships with banks. The firm, which specializes in wealth management for high-net-worth individuals, recently expanded its global presence by opening an office in Abu Dhabi and appointing Michel Keiser as CEO of its Singapore branch. CEO Patrick Stauber highlighted Steinmann's expertise as crucial for the firm's growth ambitions.
Marcuard Heritage has appointed Sascha Steinmann, a private banking veteran with over 20 years of experience, to enhance its strategic partnerships with banks. The firm, which specializes in wealth management for high-net-worth individuals, recently expanded its global presence by opening an office in Abu Dhabi and appointing Michel Keiser as CEO of its Singapore branch. CEO Patrick Stauber highlighted Steinmann's expertise as crucial for the firm's growth ambitions.
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.
Switzerland's inflation rate rose slightly from 0.6% to 0.7% in November, yet disinflationary trends persist, with prices excluding rents increasing by only 0.1% year-on-year and imported goods prices falling by 2.3%. A 0.1% monthly decline in prices reflects lower costs in hospitality and vehicle sectors, while rents and air travel saw increases. The Swiss National Bank is expected to cut interest rates further in December, with potential for a zero or negative rate by December 2025 if inflation remains low.
Marcuard Heritage has appointed Sascha Steinmann to its Executive Board, effective December 2024, to enhance strategic partnerships with banks. With over 20 years of experience in private banking, Steinmann aims to drive growth for the independent asset manager, which recently expanded its global presence by opening an office in Abu Dhabi. CEO Patrick Stauber highlights the critical role of banks in the firm's strategy, believing Steinmann's expertise will significantly benefit the company's development.
VP Bank has appointed Urs Monstein as the new Chief Operating Officer, enhancing its management team amid a market capitalization of EUR 490.2 million. The bank's shares have risen 4.56% over the past month, currently priced at EUR 81.50, with a P/E ratio of 14.07 for 2024. A recent analysis indicates a pressing need for action among shareholders regarding their investment decisions.
VP Bank AG's current EV-to-Revenue ratio stands at -6.14, calculated from an enterprise value of CHF -2,093.6 million and trailing twelve months revenue of CHF 341.2 million. This positions the bank better than 97.46% of its peers in the banking industry, where the median ratio is 2.68. Additionally, the bank's PS Ratio is 1.35, based on a share price of CHF 74.60 and revenue per share of CHF 55.14.
VP Bank's share price reached EUR 81.75 on November 30, marking a 0.31% increase from the previous day and a notable 4.56% rise for the month, with a market capitalization of EUR 490.2 million. The bank maintains solid fundamentals, reflected in a P/E ratio of 14.07 and a price/sales ratio of 1.37, despite challenging market conditions. A recent analysis indicates that shareholders may need to consider urgent actions regarding their investments.
VP Bank's share price rose by 0.31% to EUR 80.50 on November 29, 2024, marking a monthly increase of 4.56%, while the annual performance shows a decline of 6.94%. The bank's market capitalization stands at EUR 484.2 million, with a P/E ratio of 14.07 and a price/sales ratio of 1.35, indicating a stable valuation. Recent analysis suggests shareholders may need to consider their options regarding buying or selling shares.
VP Bank's share price was EUR 80.75 on November 27, 2024, reflecting a daily decline of 1.22%, yet it has gained 6.19% over the month. With a market capitalization of EUR 487.2 million, the bank's price/earnings ratio stands at 10.99, while the share price is 46.13% above its 52-week low but 26.93% below its yearly high. Recent analyses indicate a pressing need for action among shareholders regarding buying or selling decisions.
VP Bank AG
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