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UBS considers relocating headquarters amid tensions with Swiss authorities
UBS is contemplating relocating its headquarters from Switzerland due to escalating tensions with Swiss authorities over proposed capital surcharges that could render the bank uncompetitive. Following its acquisition of Credit Suisse, UBS faces increased regulatory scrutiny, prompting discussions about its future in the Swiss financial landscape. A departure would significantly impact the Swiss financial center, although UBS holds licenses in several EU countries, making such a move feasible.
Silex Group sells bond management to Axiom AI expanding Swiss operations
Silex Group is divesting its bond management activities, transferring the management of €575 million in bond funds to Axiom Alternative Investments, which will establish Switzerland as its second business center. This move allows Silex to focus on distributing Actively Managed Certificates through its digital platform, Spark. Axiom AI, already present in Geneva, aims to enhance its investment solutions and strengthen its management team with this acquisition.
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