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Marcel Rohner, 58, has been President of the Swiss Bankers Association for a year. It doesn’t look like it has found a solution to the current crisis yet. Instead of looking ahead, he called for a “brutal disclosure” of events. “We still don’t have a full picture of the situation, how fast and strong the outflow of client funds really is,” he said in View.
More will now be interested in how the financial center plans to shape its future. How it wants to strengthen Switzerland as a global hub for the rich. He could have also emphasized how important banks are and will continue to be for the globalizing Swiss economy despite the bankruptcy of CS.
It would also be interesting what the top banking lobbyist thinks about 20 percent equity demand, a separate banking system, and a bonus ban. SonntagsBlick asked him: If a bank were to lose, would you be in favor of canceling top executives’ bonuses? Answer: “The Bankers Association seeks and supports a comprehensive, independent and open-ended review of events involving all relevant stakeholders.”
A similar Kafkaesque answer is given to the question of what would be the financial deficit of the organization if Credit Suisse does not pay its contribution this year, which is as expected. 25 percent? Or more? “The focus is above all on the independent and open-ended processing of events, including all relevant actors,” he says.
The organization has a problem – not just a financial or communication problem. Weak in terms of staff. Director Jörg Gasser (53) abruptly resigned. He was never officially adopted. It shouldn’t even be a farewell snack. The business will be managed on an interim basis by August Benz (53), who is unwilling to take over because otherwise he will have to resign as President of Schwyzer Kantonalbank.
Silvan Lipp (40), the management member responsible for communications and political relations, also resigned. From May, he will be responsible for the communications of the commercial umbrella organization Economiesuisse.
Insiders say the breakups are also related to the new president. Raiffeisen, the second largest banking group after UBS, is still not a member of the association.
Who is Marcel Rohner? According to the association’s website, he is the Vice Chairman of the Board of the Geneva-based private bank Union Bancaire Privée (UBP). No second banking duties are listed. He has even been a Member of the Board of the Helvetische Bank in Zurich for eleven years. It was founded in 2010 by banker Thomas Matter (57), who became politicized and directed financial policy on behalf of the Zurich Senior Vice-President at the National Council.
Little is known about the representation of a second prominent SVP politician on Helvetische Bank’s board of directors: Thomas Aeschi (44), the parliamentary group leader of the largest party in Switzerland.
Matter and Aeschi swore no to their party colleagues this week, thus hitting the CS deal in the National Council. Thomas Matter roared in the hall that CS was putting an agenda that “wakes up” gender issues and climate protection above its core business. Thomas Aeschi harshly criticized Finance Minister Karin Keller-Sutter (59), asking why the National Bank was not allowed to provide unlimited liquidity under the emergency law.
The gap between the Senior Vice Presidents and representatives of the financial center has become enormous. The brutal stance angered business liberals and bankers in the party. “I am an SVP voter, but what my colleagues in Bern are doing is irresponsible,” says one banker.
SonntagsBlick asked Rohner if it would be a problem for him to be a board member whose two members are politicized against the interests of the financial centre. However, the questions posed remained unanswered.
Marcel Rohner fell deeply as a banker. He was CEO of UBS 15 years ago when it needed to be bailed out by the state. Shortly after, it was replaced by Oswald Grübel (79). He was previously in charge of the wealth management division, which was at the center of the tax dispute with the United States. The fact that the top financial center lobbyist’s professional career is closely tied to the first major bank bailout doesn’t send an ideal signal abroad.
* Journalist Beat Schmid (54) writes about finances in his column on Sunday. Tippinpoint.ch is the publisher of the online media.
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
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