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Michael Shields

UBS's tech-savvy new boss Hamers not always loved by the Dutch

20 Feb 2020

AMSTERDAM/ZURICH Ralph Hamers made his mark as a tech-savvy chief executive who led Dutch bank ING back to profitability after cementing its position as a no-frills lender in Germany and simplifying its product portfolio.

Switzerland's UBS starts new chapter with Dutch tech innovator as chief

20 Feb 2020

ZURICH/AMSTERDAM UBS , the world's largest bank to the rich, named the head of ING as chief executive on Thursday, seeking to tap his tech knowledge after he transformed the Dutch lender into one of Europe's most successful online banks. | Video

UPDATE 1-Swiss asset manager GAM's new CEO to deepen cost cuts

20 Feb 2020

* Shares up 9% (Adds share, analyst reaction, CEO comments, bullet points)

Target-beating Zurich Insurance lifts operating profit 16%

13 Feb 2020

ZURICH/LONDON Rising insurance premiums, strong investment income and cost savings helped Zurich Insurance lift operating profit by 16% last year as Europe's fifth-largest insurer exceeded its 2017-19 targets.

Swiss government lobbies for EU ties as 'Brexit moment' looms

11 Feb 2020

ZURICH The Swiss government on Tuesday urged voters to reject a referendum brought by the right-wing Swiss People's Party to end an accord with the European Union on the free movement of citizens.

ABB braces for hit from coronavirus outbreak in China

05 Feb 2020

ZURICH Swiss engineering company ABB is going to take a hit from the coronavirus outbreak in China, where it generated around 15% of its sales last year, Chief Executive Peter Voser said on Wednesday.

U.S. says first shipments of medicine to Iran delivered via Swiss humanitarian channel

30 Jan 2020

ZURICH/WASHINGTON A humanitarian channel to bring food and medicine to Iran has started trial operations, the Swiss and U.S. governments said on Thursday, helping supply Swiss goods to the struggling population without tripping over U.S. sanctions.

Richemont’s strong sales in mainland China offset contraction in Hong Kong, Japan

17 Jan 2020

ZURICH Richemont , the world's second-biggest luxury goods group, reported on Friday a 4% rise in third quarter sales, helped by double-digit growth in China and South Korea, which offset tumbling sales in Hong Kong and Japan.

Credit Suisse investigates report of surveillance on second executive

17 Dec 2019

ZURICH Credit Suisse is looking into a report by a Swiss newspaper that its then-human resources boss was followed by private detectives in February, reviving concerns about its practices after a similar surveillance operation was uncovered in September.

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