Sunlight and roses at Lombard Odier and Pictet 29/08/2014 Perfectionists may quibble that the inaugural sets of results posted by Lombard Odier and Pictet, two of the big Geneva-based private banking groups, may still be short of disaggregated and comparative time series-related details. But the consolidated data provided enables analysts and students of the Swiss private sector to answer a number of long standing questions about the absolute and relative size of both organisations as well as profitability and the efficiency with which they run their operations.
Brown Shipley owner reports EUR 50 million half-year profit 28/08/2014 KBL European Private Bankers (KBL epb), the Qatari-backed owner of Brown Shipley, reported a net profit of EUR 50 million for the first half of 2014, up more than 19 percent compared to EUR 41.9 million for the same period last year. Total assets under management were up by EUR 1.7 billion.
LGT boosts profits and adds HSBC Swiss banking assets 27/08/2014 Liechtenstein's LGT Group reported that first-half net profit rose more than 19 percent to CHF 102.8 million amid a continuing rise in assets under management as well as a gain in trading and other income.