Julius Baer to mitigate the impact of currency mismatches by cutting jobs and increasing efficiency 04/02/2015 The possible impact of a surging currency on Swiss private banks’ profits is a subject that will occupy analysts and commentators in the months ahead. The reality is that foreign-currency denominated assets account for a significant proportion of client assets at virtually of the big Swiss banks, especially Credit Suisse, Julius Baer and UBS. But most of these banks’ costs are denominated in Swiss francs. This mismatch between costs and revenue earning assets will almost certainly have a malign impact on profitability going forward, unless the Swiss franc’s appreciation is mitigated or reversed.
How asset allocators are responding to the dangers of currency volatility 27/01/2015 The recent move by the Swiss Central Bank to remove the cap on the country’s currency neatly highlighted the dilemma for asset allocators in the current environment: On the one hand, the current volatility in currency markets shows the dangers inherent in predicting the level of different currencies; on the other, it shows how profoundly currencies can impact investment returns.
Pity the poor Swiss! 20/01/2015 The decision of the Swiss National Bank to allow the Swiss franc to float freely against other currencies will have significant consequences, not least on the Swiss economy itself.
Swiss franc rockets 30 percent as cap abandoned 15/01/2015 The Swiss franc soared 30 percent against the euro in frantic trading as the Swiss National Bank abandoned the country's cap on the currency's value against the single currency.
Currency takes centre stage, says CEO 10/03/2014 Founded in 1988, the ECU Group plc offers solutions in currency and multi-asset investing, from currency overlay and debt management to manager selection and asset allocation advice.