Julian S.’s Post

📰 We are thrilled to share that Beat Bachmann, our CEO for BNP Paribas Wealth Management Switzerland & Emerging Markets, was recently featured in an insightful interview with Monica Hegglin from Finanz und Wirtschaft.   In this article, Beat discusses the current dynamic shifts in the banking sector in Switzerland, the strategic moves shaping our future, as well as our growth and approach to #WealthManagement that uniquely positions BNP Paribas as a leader in the industry.   #BNPParibasInSwitzerland150Years

e-fundresearch.com asked asset managers about the role of fixed income in multi asset portfolios and where they see the sweet spots of this asset class. Johannes Oehri, Co-Head of Economic Research at LGT Capital Partners, sees opportunities in the private credit area, which benefits from both higher base rates and increased premiums. Inflation-linked bonds also look increasingly compelling, as they offer attractive real interest rates with only low inflation priced in for the coming years. However, he considers it too early to overweight duration in the portfolio and favors higher-yielding short-dated paper. Read the article here: https://lnkd.in/eDpcPjru   #lgtcapitalpartners #lgtcp #multiasset #fixedincome #privatecredit

https://lnkd.in/gTGnrCj3 (Bloomberg) -- Nearly two decades after UBS Group AG rushed to set up an investment banking franchise in China, it has two of them — and is finding subdued interest from potential bidders for the one it doesn’t want. The Swiss giant, which inherited the second platform during last year’s emergency takeover of Credit Suisse, received a non-binding offer from market maker Citadel Securities LLC and at least one other bid from a mainland Chinese firm, according to people familiar with the matter. That’s hardly the frenzy such a rare auction could have ignited a few years ago, when the world’s second-largest economy was charting robust growth and global banks were clamoring for outposts there. Instead, the shallow pool of suitors signals UBS may struggle to lock in a price as high as the $326 million valuation Credit Suisse assigned to the unit in 2022. Any buyer should look closely at the mounting geopolitical and regulatory risks of doing business there, said Isaac Stone Fish, founder of Strategy Risks in New York, which specializes in corporate relationships with China. “One can certainly understand and sympathize with foreign banks’ decision to pull back from their investments,” he said. “Or at the very least, to be taking a wait-and-see approach.” The fragile outlook for China’s economy, heightened geopolitical tensions and a growing wall of regulations in the name of national security are leading international investment banks to dial back their ambitions. That’s a much different environment from just about 16 months ago when Credit Suisse agreed to buy the rest of the joint venture known as Credit Suisse Securities (China) at one of the highest figures ever assigned to such a platform in the country. Credit Suisse collapsed last March before seeing through the agreement to buy the rest of the venture from local partner Founder Securities. The deal ultimately fell apart, according to people with knowledge of the situation. Initially, UBS expected to draw offers of about 2 billion yuan ($280 million) and hoped to identify the winning buyer by the end of last year, according to people with direct knowledge matter who asked not to be named discussing the confidential process. Citadel Securities late last month put in a bid in the range of 1.5 billion yuan to 2 billion yuan, while potential suitors such as Warburg Pincus ultimately passed on the opportunity, said the people. The process may now drag on until the end of 2024, and any winning bidder would still have to obtain a variety of approvals from authorities in China to complete a deal. If no deal is reached, UBS faces the prospect of shutting the franchise, potentially affecting what’s left — a scenario that hasn’t been publicly discussed. The firm had a 230-person workforce at the end of 2022, according to its annual report.

Industry expert Beat Wittmann says Switzerland's increasing isolation since the 1990s has led to the current situation – and that deep structural reform is needed in domestic governance and regulation of finance. Must read on finews.com: Top stories – Where Finance Meets. #finews #switzerland #ubs UBS

It was a pleasure to be invited by Finanz und Wirtschaft to speak at "Vision Bank - Vision Finanzplatz Schweiz" Forum on February 1st in Zurich. Two key messages that I shared with the audience are: 1. BNP Paribas in Switzerland with its over 1,300 employees is both a Swiss🇨🇭and a global 🌎 bank and as such our DNA is to serve Swiss clients - corporates, financial institutions, private individuals and entrepreneurs - both in Switzerland and globally in the 64 countries BNP Paribas is present in leveraging on our nearly 184,000 employees. 2. I believe that collaboration is key to foster innovation and economic growth and while the banks in Switzerland do and should compete, there are also many areas where we could work together as partners to promote and raise the attractiveness of the Swiss financial center. BNP Paribas CIB BNP Paribas Wealth Management #BNPParibasInSwitzerland150years 🇨🇭🇨🇭🇨🇭🇨🇭🇨🇭 AFBS Association of Foreign Banks in Switzerland Swiss Banking - Schweizerische Bankiervereinigung

UBS Study Shows Swiss Wealth Evaporated Last Year: Swiss private wealth fell last year. But measured in terms of per capita wealth, Switzerland still leads the field, as the Global Wealth Report from Credit Suisse and UBS shows. #GlobalWealthReport #UBS

Welcome to the Paradeplatz, a square in downtown Zürich, Switzerland. It is one of the most expensive pieces of real estate in Switzerland and has become synonymous with wealth and the Swiss banks, being the location of the headquarters of both UBS and Credit Suisse. As a global financial hub nestled amidst the breath-taking Swiss Alps, Switzerland has a rich and fascinating history in the world of markets and finance. The roots of Switzerland's financial prowess can be traced back to the Middle Ages when key trading routes intersected in the region. This strategic location facilitated trade and commerce, leading to the emergence of vibrant markets in cities like Geneva and Zurich. During times of political upheaval and wars, many sought to protect their wealth in the neutral Swiss banks. This marked the beginning of Switzerland's journey as a global financial safe haven. The 19th century saw the establishment of major Swiss banks, including Credit Suisse and UBS, which played pivotal roles in shaping the country's financial landscape. These institutions flourished and have expanded their services beyond Switzerland, providing financial solutions to clients worldwide. In the early 20th century, Switzerland's Stock Exchange began to gain prominence. The Swiss Exchange, also known as SIX Swiss Exchange, was founded in 1850 and has since become one of the most important stock markets globally. Today, it serves as a platform for trading equities, bonds, derivatives, and other financial instruments. Of course, one of Switzerland’s best-known financial institution, Credit Suisse has been the center of attention this year and was bought by rival UBS for 3 billion CHF (about $3.3 billion USD). Switzerland's financial hub is now preparing for the largest wave of job losses in over a decade. It was a fascinating time to visit Zurich and stand on the historic square where the decisions were made at both Credit Suisse and UBS. #business #switzerland #innovation #globalmarkets #innovation

🚨 Big Changes Ahead for UBS Group AG! 🇨🇭 Switzerland's iconic banking titan, UBS Group AG, is gearing up to face potential regulatory reforms that could shake up its operations. Proposed in response to the recent challenges in the banking sector, these reforms aim to fortify UBS's capital reserves for its international ventures. 💰 Under the proposed changes, UBS could face a hefty increase in its capital requirements, potentially amounting to around $20 billion! This news has already sent shockwaves through the market, with UBS shares taking a dip as investors brace for impact. 💼 While the exact figures are still up in the air, early estimates suggest UBS might need to beef up its capital reserves by an additional $10 billion to $25 billion. This uncertainty poses challenges for UBS in terms of planning for the future and managing shareholder expectations. ⏰ Despite pushback from UBS executives, these reforms aim to address vulnerabilities in the Swiss banking sector highlighted by recent crises. However, any changes won't take effect until at least 2026, giving UBS time to adjust to the shifting regulatory landscape. Source: Bloomberg, Handelszeitung #IWP #switzerland #financialnews

JP Morgan Chairman & CEO Jamie Dimon on China: “If the American government makes me leave China, I’m leaving China." Comment - https://lnkd.in/gxGj9bqf follow Caproasia | Driving the future of Asia Expert Comment –  JP Morgan Chairman & CEO Jamie Dimon on China: “If the American government makes me leave China, I’m leaving China … … I think it’s good for an American bank to be there to help multinationals around the world and China with their own development if it makes sense.  If for some reason the American government says ‘Nope, can’t do that anymore,’ then so be it.”  On China war with Taiwan: “No one thinks it’s going to happen; it may happen.  That would be really bad for the world and really bad for China.”  Jamie Dimon made the comments at the DealBook Summit. Jamie Dimon is Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., a global financial services firm with assets of $3.2 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers, small business, commercial banking, financial transaction processing and asset management. J.P. Morgan #jpmorgan

Image source, Getty Images Image caption, The slope makes astir of its profits successful Asia, particularly China and Hong Kong By Mariko Oi Business reporter Europe's biggest bank, HSBC, has posted an astir 80% leap successful its pre-tax nett which roseate to $30.3bn (£24bn) successful 2023, fuelled by precocious involvement rates. It comes aft cardinal banks astir the satellite raised involvement rates successful past 18 months to assistance curb rising prices. Last week, rival lender NatWest revealed its highest yearly profit since the fiscal situation successful 2007. But a slowdown successful China's system has meant that HSBC's nett was not arsenic precocious arsenic expected. Its bottommost enactment was besides affected by a hefty $3bn complaint from its involvement successful China's Bank of Communications. The slope makes astir of its profits successful Asia, particularly successful China and Hong Kong. HSBC's pre-tax nett for 2022 was $17.1bn and analysts were expecting it to leap to $34.1bn past year. But its main executive, Noel Quinn, said in a statement: "Our grounds nett show successful 2023 enabled america to reward our shareholders with our highest full-year dividend since 2008." The London-based lender rewarded investors with a caller $2bn stock buyback. In summation to 3 stock buybacks totalling $7bn, Mr Quinn said the slope returned $19bn to shareholders past year. Investors person been intimately watching HSBC's vulnerability to China's spot sector, which has been engulfed successful situation since 2020. China, the world's 2nd biggest system is experiencing falling prices, known arsenic deflation, which tends to discourage consumers from spending arsenic they expect items to beryllium cheaper successful the future. Last month, a tribunal successful Hong Kong ordered the liquidation of debt-laden spot elephantine Evergrande. "China's system conscionable can't footwear into gear," Moody's economist Harry Murphy Cruise had earlier told the BBC. "Investors are crying retired for larger economical supports to beryllium rolled out." Rival Asia-focused slope Standard Chartered is owed to study its fiscal results aboriginal this week. #innovation - #management - #technology - #creativity - #futurism - #startups