PRIVATE BANKING 2.0: RESTARTING ON TRADITIONAL VALUES

An end to the tax dispute between Switzerland and countries such as Germany, France, Italy, and the US is not yet in sight. The pressure put on Switzerland by other nations and trade partners has reached a maximum level, talking about the selling and buying of stolen Swiss bank client data. Access to international markets is limited or even denied for Swiss banks and investment companies. Overall, the situation of the finance industry has become rather uncomfortable.

Where do we go from here?Continuous immigration of qualified professionals from high-tax-countries does prove the attractiveness of a reasonable tax-system and a lean government which provides scope for development. If we wish to further pursue our so far successful path, we must build on our strengths and at the same time start all over.

Switzerland is already heading in this direction by having adopted specific OECD guidelines. We still have no legal security – but legal security as well as eased access to foreign markets, need to be granted to our finance industry for it to progress successfully.

On the occasion of the BankersTalk we will discuss the option of a final withholding tax and will put up the question on which traditional values a new start of the private banking industry could build. Participation at the BankersTalk will provide you with an additional impulse to review and rethink your business model. You are welcome to actively contribute to the discussions.

The BankersTalk «connecting leaders» will take place on Tuesday, 13th April 2010, 15.30 - 18.00 followed by an Apéro Riche at the Baur au Lac hotel in Zurich. Personal invitations will be sent out by post before the end of February 2010. Attendance is free of charge. Please note that the event language is German.

Invitation PDF (German)