Vontobel: success through adversity: for some Swiss financial institutions, the tightening of international banking regulations sounded the death knell of their cross-border customer wealth management strategies. In contrast, the Vontobel Group saw it as an opportunity for success ...

Summary

---

Business - Interview

See the full content of this document

Extract

---

Vontobel: success through adversity: for some Swiss financial institutions, the tightening of international banking regulations sounded the death knell of their cross-border customer wealth management strategies. In contrast, the Vontobel Group saw it as an opportunity for success ...

Since 2008, when UBS found itself in the U.S. government firing line for complicity in helping U.S. citizens to evade their tax responsibilities, things have not been the same for Swiss banking. Foreign regulators have become stricter than ever, malting cross-border banking all but impossible. Swiss bankers were forced to resort to visiting their clients, disguised as tourists.

In the meantime, the United States designed a new regulatory framework for the worldwide...

See the full content of this document

---