He was not a good pupil; rather, he was restless and hyperactive. As a child, Sergio Ermotti dreamed of a career in football and often stood behind the FC Lugano goal as a ball boy. But things have changed significantly: the 63-year-old manager is now one of Europe's longest-serving bank CEOs. After working as chief executive of Swiss banking giant UBS from 2011 to 2020, he regained this position in the spring of 2023.
The UBS Billionaire Ambitions Report 2023 highlights a significant shift in which billionaires have crossed the line where inheritance outpaces entrepreneurship in wealth accumulation.
Traders and investors are constantly seeking tools and indicators that provide valuable insights into market trends and potential opportunities. One such powerful tool gaining traction is the Smart Money Index (SMI). In this article, we will explore its significance, functionality, and the impact it can have on your financial management journey.
Blockchain is growing in prominence across financial services. This decentralised shared digital ledger of information about transactions might also be a very promising technology for bond issuance. Integrating blockchain into traditional financial markets could lead to more efficient processes and cost savings. Therefore, banks are turning to blockchain technology to experiment with issuing ‘digital’ bonds.
In an era of rapid technological evolution, the financial services industry is at a crossroads where tradition and innovation collide.
In a time when technological advancement is reshaping the landscape of the financial industry, private banks have significant implications. The emergence of open finance, which fosters transparency and inter-connectivity in financial services, presents these institutions with a unique opportunity.
Joseph Safra, a prominent figure in the Brazilian banking industry, has been recognised as one of Brazil's accomplished bankers of his time. With the inclusion of iconic buildings such as The Gherkin in London and New York, his fortune was estimated to have reached USD 23 billion at the time of his passing. The Basel-based J. Safra Sarasin Bank has made significant strides in becoming one of the most accomplished private banks in Switzerland.
Since 2015, environmental, social, and governance (ESG) criteria have gained increasing prominence as a framework for assessing businesses. In that year, the United Nations adopted both its 2030 Development Agenda Sustainable Development Goals (SDGs) and the Paris Climate Accords to formalise the organisation’s approach to advancing sustainability and urge global companies across all sectors to align with these objectives.

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