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