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Roman Pfranger, 37, has been appointed CEO of Neue Bank, Liechtenstein's fourth-largest bank, effective end of January, following a 15-month leadership gap. With over 15 years of experience in Vaduz, he aims to leverage the bank's strengths for future growth alongside a stable executive team. Under his leadership, Neue Bank, managing 6.8 billion francs in assets, seeks to enhance its operational success and ambitious plans.
David Howaldt has been appointed as a senior client adviser for intermediaries at VP Bank, based in Zurich. He joined the bank in September and is tasked with relationship management and developing partnerships with intermediaries, reporting to René Schibler, head of intermediaries EU/CH.
Berner Kantonalbank experienced a negative return of -2.52% last year, significantly underperforming the financial sector average. Despite this, recent social media sentiment has turned positive, leading to a "Good" rating for investor sentiment, while technical analysis remains "Neutral." Shareholders are urged to consider their options as new analysis suggests an urgent need for action.
IG Group has expanded its presence in Switzerland by opening a new office in Zurich, enhancing its commitment to the Swiss financial center and catering to a sophisticated customer base. CEO Fouad Bajjali emphasized the unique offerings of IG Bank, which differentiates itself from traditional Swiss banks by focusing on customer needs and providing tailored services for both retail and institutional clients. This strategic move positions IG Bank to better serve its growing clientele in the German-speaking region, leveraging its global expertise in trading.
Luzerner Kantonalbank's share price has plummeted from CHF 105.40 in 2018 to CHF 62.70, raising concerns among middle-class politicians. FDP cantonal councillor Thomas Meier has questioned the cantonal government about the bank's dividend policy and the lack of government representation on its Board of Directors, despite the canton holding a significant stake.
Luzerner Kantonalbank (LUKB) shares have been on a downward trend for years, prompting political intervention. In a recent column, financial commentator Michael Föhn highlights the concerns of local shareholders, including a small investor from Lucerne, Mr. Hugentobler.
In August, the Homegate rent index in Switzerland decreased by 0.8 points to 127.9%, although it still reflects a year-on-year increase of 4.2%. Notable exceptions to this trend included Graubünden and Zug, which saw month-on-month increases, while urban centers like Zurich experienced minimal growth and declines were noted in Geneva, Lausanne, Berne, and St. Gallen.
Pension gaps pose a significant risk of financial insecurity in retirement, potentially leading to poverty. Alexandra Müller, Head of Wealth Planning at BKB, offers insights on how to address these gaps. Meanwhile, ProSolis AG innovates with energy green roofs, merging the benefits of green and solar roofing, a concept still uncommon in the market.
In August, rents for new or re-rented apartments in Switzerland decreased by 0.6% compared to July, although they rose by 4.2% year-on-year. Ticino experienced the largest monthly drop at -1.7%, while Grisons saw a notable increase of 1.3%. Over the past year, Grisons led with an 11.7% rise, followed by Zug at 11.4% and Zurich at 7.5%.
In August, rents in Switzerland saw a monthly decline of 0.6%, with Ticino experiencing the largest drop at 1.7%. Yearly growth remains robust, particularly in Grisons (+11.7%) and Zug (+11.4%), while Lugano recorded a monthly decrease of 1.1% but a yearly increase of 7.4%.
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