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Rents in Switzerland rose by 2.8% year-on-year in February, following a 3.1% increase in January, with a monthly rise of 0.2%. Central Switzerland saw significant increases, particularly in Schwyz (+10.5%), Nidwalden (+9.3%), and Zug (+8.4%), while Appenzell experienced a decline of 1.6%. Major cities like Zurich (+7.1%) and Lucerne (+5.3%) also reported notable rent growth.
Management changes at Zürcher Kantonalbank (ZKB) have led to unrest, as CEO Urs Baumann, in his two and a half years in office, struggles to establish stability. His recent blunder at the annual results conference, confusing ZKB with Credit Suisse, has raised concerns about his leadership amid increasing negative headlines for the bank.
Robin Schmid has left his position as head of securities finance and collateral trading at Basler Kantonalbank to embark on a new career path. He previously held roles at Vontobel and Zürcher Kantonalbank, where he developed significant expertise in securities lending and market operations.Schmid is now the managing director at Actness Horizon, focusing on financial structuring and opportunity identification for businesses. Additionally, he has taken on a role at Swiss Harvest as an asset and relationship manager, enhancing access to wealth management services.
Susanne Thellung is departing from Schwyzer Kantonalbank after four years to join Zürcher Kantonalbank as Head of Private Clients on the Executive Board. Her exit has raised concerns about a potential golden parachute, prompting the FDP to advocate for a separation between banking and politics.
Swisscanto Index Funds Responsible combines sustainability with traditional indexing, filtering companies based on ESG criteria and excluding those involved in controversial practices. Managed by Zürcher Kantonalbank Asset Management, these funds have attracted significant demand, managing around CHF 40 billion since their launch in 2013, while maintaining transparency and low tracking errors.
Mario Crameri has been appointed as the interim Head of IT, Operations & Real Estate at Zürcher Kantonalbank, effective April 1, 2025, succeeding Remo Schmidli, who is leaving after 24 years. Crameri, with nearly 30 years of experience in IT and operations, has been with the bank since 2021 and previously held senior roles at Credit Suisse and Swiss Universal Bank. The bank has begun the process to permanently fill the position.
UBS will propose Renata Jungo Brüngger and Lila Tretikov for election to its Board of Directors at the Annual General Meeting on April 10, 2025, succeeding Claudia Böckstiegel and Nathalie Rachou, who are not seeking re-election. Jungo Brüngger, an expert in law and sustainability, currently serves on the Board of Mercedes-Benz Group, while Tretikov specializes in artificial intelligence and technology transformation, leading AI strategy at New Enterprise Associates.
Zürcher Kantonalbank has appointed Mario Crameri as the interim Head of IT, Operations & Real Estate, effective April 1, 2025. Crameri, who has extensive experience in IT and operations, succeeds Remo Schmidli, who is leaving after 24 years. The search for a permanent replacement is currently underway.
Susanne Thellung, former CEO of Schwyzer Kantonalbank, will lead Zürcher Kantonalbank's new private clients department starting June 1, 2025, aimed at affluent clients with assets up to CHF 1 million. This strategic move, set to launch by November 2025, seeks to capture a growing demographic often overlooked by traditional banks, enhancing ZKB's competitive edge against UBS. Thellung's leadership is expected to drive significant organizational change and attract clients disillusioned by recent banking crises.
Zürcher Kantonalbank (ZKB) has appointed Susanne Thellung to lead its new Private Clients division, targeting the upper mid-market customer segment. This strategic move aims to capitalize on a profitable growth area, especially as UBS prepares to integrate around 1.3 million former Credit Suisse clients. With a state guarantee, ZKB positions itself as an attractive alternative for clients considering a bank switch amid the ongoing changes in the Swiss banking landscape.
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