{
Eric Breval

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001122334455554433221100

Swiss pension fund controversy over shift to American custodian bank

Compenswiss has controversially shifted its custodian bank mandate from UBS to the American firm State Street, sparking political backlash and public concern over Swiss national assets being managed by a foreign entity. Critics argue the decision raises questions about compliance with federal procurement laws and the implications for asset management, despite assurances that the change is purely administrative and does not affect the location or management of the funds.
Neue Zürcher Zeitung
Swiss Franc State Street Corporation UBS SA CHE USA Eric Breval Michael Ferber Olivier Feller Daniela Schneeberger Thomas Matter Show more
TradFi, News Article
09:00 07.10.2024
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