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Ticino Banking Day Focuses on Taxation and Economic Framework for Growth
The fourth Lugano Banking Day highlighted the importance of cultivating framework conditions for businesses and citizens, focusing on taxation, human resources, and technology. Economist Sara Carnazzi Weber discussed recent tax reforms in Canton Ticino aimed at improving competitiveness, while concerns about high tax rates for wealthy individuals and the impact of geopolitical changes were raised by various speakers. The event also addressed the demographic crisis and the need for vocational training to tackle scarce human resources.
efg international reports growth and expansion amid market challenges
Franco Polloni, head of Private Banking for Switzerland and Italy at EFG International, reports significant growth and successful strategic implementation over the past two years, including the establishment of a new office in Tel Aviv and expansions in Gstaad and St. Moritz. He highlights the resilience of the Ticino financial center amid industry changes, noting increased employment and opportunities arising from the merger of Credit Suisse. Polloni also emphasizes the importance of the Italian market while seeking future access solutions and maintaining a focus on developing business in Israel and Turkey.
efg international expands with new offices in vaduz and gstaad
EFG International has opened new offices in Vaduz, Liechtenstein, and Gstaad, Switzerland, on February 6 and 7, 2025, respectively. The modern premises aim to enhance client service in these strategically important regions, with leadership from Tobias Wehrli in Vaduz and Manuel Blanco in Gstaad. Franco Polloni emphasized the bank's commitment to expanding its client service as part of its growth strategy.