Swiss banks are significantly reducing their hiring, with job openings dropping to 550 by the end of April, a 25% decrease from April 2024 and a 40% decline since spring 2023. UBS, Raiffeisen, and Julius Bär are among the institutions experiencing notable contractions, while Lombard Odier and Vontobel are exceptions.
Swiss banks are significantly reducing their hiring, with job vacancies dropping to 550 by the end of April, a 25% decrease from the same month in 2024 and a 40% decline compared to spring 2023. UBS has seen a 23% contraction, while including Credit Suisse's previous listings raises this to 36%. Other institutions like Raiffeisen, Julius Bär, and Zurich Cantonal Bank also report declines, with only Lombard Odier and Vontobel showing an increase in vacancies.
job market for bank employees in switzerland sees significant decline
The job market for bank employees in Switzerland is contracting, with the ten largest banks advertising 25% fewer positions in April compared to the previous year. UBS and Credit Suisse are notably impacted, with job postings down 23% and 36%, respectively. Overall, vacancies are over 40% lower than in spring 2023, reflecting a broader trend of declining job opportunities in the sector.
UBS shares rose 1.6% following strong Q1 results, with a pre-tax profit of $2.7 billion, exceeding estimates by 14%, and revenues of $11.9 billion, 5% above consensus. Analysts highlight the smooth execution of its merger with CSG, while concerns about regulatory uncertainty and potential client deleveraging loom. Despite the positive results, UBS shares remain down 10% year-to-date.
Regula Berger appointed new chairwoman of Bank Cler Board of Directors
Regula Berger has been appointed as the new Chairwoman of the Board of Directors at Bank Cler, succeeding Basil Heeb. The board now includes three new members, increasing the female representation to 57%, well above the Swiss average. Özlem Civelek, Christoph Auchli, Susanne Ziegler, and Christian Reuss join the board, while Heeb, Maya Salzmann, and Christian Wunderlin step down.
Thomas Burri appointed Head of Private Wealth Management at ODDO BHF
Thomas Burri has been appointed as the Head of Private Wealth Management at ODDO BHF (Schweiz) AG, bringing over 20 years of experience from UBS and Credit Suisse. His expertise will support the firm's ambition to expand its PWM business in Switzerland, alongside Asset Management and Investment Banking.
nxtAssets launches crypto ETPs on SIX Swiss Exchange with Vontobel as market maker
nxtAssets has become the new issuer of crypto ETPs on the SIX Swiss Exchange, expanding the total to 398 products. These fully covered ETPs offer regulated access to Bitcoin and Ethereum, with market making by Bank Vontobel. Trading turnover for crypto ETPs has reached CHF 1.15 billion in 2025, marking a 28.5% increase from the previous year.
swiss banks struggle to maintain global brand value amid rising competition
Swiss banks have seen a collective brand value increase of 11% to USD 20.7 billion, yet none made the global top 10, indicating a decline in their international standing. UBS remains the most valuable Swiss brand at USD 14.1 billion, bolstered by its acquisition of Credit Suisse, but still trails behind the Industrial and Commercial Bank of China, valued at USD 79.1 billion. Notably, Pictet experienced significant growth, with a 31% increase in brand value.
swiss banks struggle to maintain global brand value amid rising competition
Swiss banks have seen an 11% increase in brand value to $20.7 billion, yet none made the global top 10, highlighting a decline in international standing. UBS leads as the most valuable Swiss bank at $14.1 billion, but remains significantly behind global leader ICBC, valued at $79.1 billion. Notably, Pictet experienced a remarkable 31% growth in brand value.
UBS Bern leadership shakeup as Jürg Kaufmann is ousted
Jürg Kaufmann has been removed as head of the UBS Berne region, along with his key employee overseeing wealthy clients, amid ongoing management upheaval. Chief executive Sabine Keller-Busse, facing pressure from Sergio Ermotti, aims to regain control after a series of high-profile departures to competitors. The new leadership faces challenges due to a lack of experience, complicating efforts to stabilize the region.
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