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The Swiss market is becoming increasingly challenging for independent asset managers, with many facing survival issues as the market is too small for 1,500 firms. Maria Albericci, chairwoman of Chefinvest, emphasizes the need for generational change in leadership and client bases, alongside a focus on digital infrastructure and transparency to remain competitive. The financial sector is evolving, with a shift towards sustainable, performance-linked remuneration and a growing demand for access to European clients.
VP Bank has attracted investor interest with a significant dividend payout and a strategic shift towards Asia, particularly focusing on Singapore after closing its Hong Kong office. The share price reached a 52-week high of EUR 90.50, reflecting a 5.85% increase over the past month, despite high volatility. Recent board changes and a commitment to client engagement signal cautious optimism for the bank's future.
VP Bank's Annual General Meeting saw shareholders approve all proposals, including the adoption of 2024 annual reports and a dividend distribution of CHF 4 per registered share A and 40 centimes per registered share B, reflecting a payout ratio of 134.0%. Stephan Ochsner and Barbara Ofner were elected to the Board of Directors, while Mauro Pedrazzini was re-elected. The dividend payment is set for May 2, 2025, yielding 5.2%, exceeding the Board's long-term target range.
VP Bank is enhancing its presence in Singapore by sponsoring 16-year-old golfer Chen Xingtong at the Swiss Ladies Open, reflecting its commitment to strategic sponsorships that foster client relationships. Despite recent challenges, Singapore remains vital to the bank's growth, emphasizing synergies between private clients and intermediaries. The bank aims to meet evolving client expectations by offering meaningful engagements that align with their values, beyond traditional financial services.
VP Bank is enhancing client relationships through immersive experiences and purposeful partnerships, exemplified by events like the golf simulator and sponsorship of rising star Chen Xingtong. The bank emphasizes authentic connections and shared values, aiming to empower the next generation while aligning with clients' aspirations for long-term success. Initiatives such as the VP Bank Swiss Ladies Open further illustrate this commitment to fostering talent and creating meaningful engagement opportunities.
VP Bank's 62nd Annual General Meeting was held on April 26, 2025, at the Spoerry-Areal, with 380 shareholders in attendance. All motions were approved by a clear majority, and the meeting proceeded without any incidents.
VP Bank's 62nd annual general meeting in Vaduz revealed a strategic shift following a challenging 2024, with shareholders approving a dividend of CHF 4 per share A, yielding 5.2%. Despite a decline in share price, client activities showed growth, and the bank is optimistic about 2025, aiming to leverage market instability. New board members include Dr. Stephan Ochsner and Barbara Ofner, enhancing governance expertise.
Bank Frick reported a net profit of CHF 9.5 million for the financial year, a 29.35% decrease from the previous year's record. Despite challenges, particularly in the commission and services sector, the bank expanded its client base in blockchain and cryptocurrency, while personnel expenses rose by 11% as investments in growth continued.
Bank Frick reported a net profit of 9.5 million Swiss francs for the 2024 financial year, a 29% decline from the previous year, attributed to a challenging market and increased personnel expenses. Despite this, the bank saw significant growth in blockchain and cryptocurrency clients, with client assets under management rising to 5.6 billion francs. Looking ahead, management anticipates a cautious outlook, projecting a net profit of 9 million francs for 2025 amid ongoing geopolitical and economic uncertainties.
Bank Frick reported a net profit of CHF 9.5 million for the financial year, despite a 29.35% decline from the previous year’s record. Client assets under management surged by 37.62% to CHF 5.6 billion, driven by a net new money inflow of CHF 732 million. Looking ahead, the bank anticipates a net profit of CHF 9 million for 2025, amid ongoing geopolitical and economic challenges.
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