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Evrard Bordier, a Geneva-based private banker, argues that the dominance of UBS is detrimental to Switzerland, emphasizing that bank consolidation is unnecessary. He believes that smaller banks can thrive by maintaining cost discipline and leveraging technology, offering personalized services that larger institutions often lack. Bordier also laments the loss of Credit Suisse, viewing its failure as a setback for competition and diversity in the Swiss financial sector.
Evrard Bordier, a Geneva-based private banker, argues that the emergence of a mega-institution like UBS is detrimental to Switzerland, undermining competition and diversity in the financial sector. He contends that size does not guarantee profitability and emphasizes the value of personalized service offered by smaller banks. Bordier also expresses regret over the failure of Credit Suisse, viewing it as a loss for the Swiss market.
Evrard Bordier, a Geneva-based private banker, argues that the consolidation of banks, exemplified by the rise of mega-UBS, is detrimental to Switzerland. He believes that size does not guarantee profitability and emphasizes the importance of tailored structures and cost discipline. Bordier also laments the loss of Credit Suisse, stating it diminished market diversity and competition in the Swiss financial sector.
Evrard Bordier, CEO of Bordier Bank, critiques the merger of UBS and Credit Suisse, arguing it undermines competition in Switzerland"s financial sector. He believes that smaller banks can thrive by maintaining cost discipline and personalized service, despite industry pressures for consolidation. Bordier emphasizes the importance of family ownership and innovation, while also highlighting the bank"s strategic partnerships in Asia, particularly in Vietnam.
Evrard Bordier
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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