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Swiss bank CEO: Staying small is the secret to success

Swiss bank CEO: Staying small is the secret to success

The CEO of Banque Bonhôte, Yves de Montmollin, says that staying small has been the key to his firm’s success, as the asset manager reveals a significant increase in net income in its results for 2017.

De Montmollin told Citywire Switzerland: ‘Our size allows us to foster a privileged relationship with each of our clients, based on trust and the quality of our services.’

Earlier this week, the bank released its end-of-year results for 2017. Its net income rose by 55.2% compared with 2016, reaching CHF 3 million. Meanwhile, its liquidity coverage ratio rocketed to 658.68%.

‘The increase was driven by further growth in the asset management client base and good performance in financial markets,’ de Montmollin explained.

Earlier this year, the bank hired a new head of discretionary management for private and institutional clients, and in September 2017 it expanded to Lausanne with a new branch.

Banque Bonhôte, headquartered in Neuchâtel, offers a range of services including private banking, wealth management and institutional asset management.

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