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Lombard Odier has appointed Mark Goddard, a 20-year veteran of UBS, as its new UK CEO, succeeding Duncan MacIntyre, who has led the business for eight years. MacIntyre will continue with the firm as a limited partner and UK region head at Lombard Odier Private Bank. Goddard will report to both MacIntyre and Stephane Herrmann, CEO of the Lombard Odier group.
A UBS survey reveals that medium-sized centers in Switzerland are more appealing for families seeking new homes, primarily due to lower housing costs compared to expensive cities. Locations like Locarno, Vevey, and Aarau rank highly for families with average incomes, while wealthier families may still consider pricier areas. The study emphasizes that residential attractiveness is based on infrastructure, leisure options, and housing costs, rather than aesthetic qualities.
Lombard Odier has appointed Mark Goddard as the new CEO of its UK operations, effective November 26. Based in London, he will oversee the private client division and report to Duncan MacIntyre and Stephane Herrmann. Goddard, who previously led UBS's UK High Net Worth division, brings extensive experience in banking and client management.
HSBC is undergoing a significant restructuring, reducing its top management from 18 to 12 members and appointing Pam Kaur as its first female chief financial officer. The changes aim to create a more agile organization while maintaining focus on strategic priorities, with no impact on its Swiss operations, which will continue to expand in private banking.
According to a UBS survey, medium-sized centers in Switzerland are more appealing for families than expensive cities, with municipalities like Locarno and Vevey ranking high due to better housing costs and local infrastructure. While affluent families can afford high-priced areas, those with average or below-average incomes find these locations generally inaccessible, leading them to seek more affordable options outside city centers. The residential attractiveness indicator evaluates 35 variables, emphasizing practical factors over aesthetic qualities.
The UBS Residential Attractiveness Index highlights medium-sized centers like Vevey and Locarno as ideal for families, emphasizing infrastructure, leisure options, and cost of living. While top earners favor cities like Zurich, many municipalities excel across income levels, with a notable trend of shorter relocations within ten kilometers.
Five years ago, VP Bank shares traded at CHF 158.20. An investment of CHF 100 would now be worth CHF 44.25, reflecting a loss of 55.75%. The bank's current market capitalization stands at CHF 439.34 million, excluding any share splits or dividends.
Lombard Odier has appointed Mark Goddard as the new CEO of its UK business, effective November 26. Based in London, he will lead the private client division and report to Duncan MacIntyre and Stephane Herrmann. Goddard brings extensive experience from UBS, where he was Head of UK HNW.
UBS has increased its price target for Sartorius Stedim Biotech from 194 to 215 euros following the release of third-quarter figures, maintaining a "Neutral" rating. Analyst Matthew Weston attributed the adjustment to generally higher valuations within the biotechnology sector.
UBS has increased its price target for Sartorius Stedim Biotech from 194 to 215 euros following the release of third-quarter figures, maintaining a "Neutral" rating. Analyst Matthew Weston attributed the adjustment to generally higher valuations within the biotechnology sector.

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