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Financial year 2023: Piguet Galland reports excellent results

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  • Bloomberg

    European Stocks Buoyed by LVMH and Adidas With Earnings in Focus

    Chief Investment Officer Daniel Varela's account of European equities appeared in Bloomberg on 17 April 2024. Bloomberg - European stocks rose as investors focused on the latest earnings news, with reassuring results from LVMH spurring gains in luxury names that helped to outweigh weakness in the tech sector after orders at ASML Holding NV missed estimates.
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  • AGEFI

    Sustainable finance is redistributing the cards for employability in banks

    The interview on sustainable finance with Carine Casteu, Chief Risk Officer, appeared in the Agefi (in French) on April 10th 2024. Regulations, the fight against greenwashing, climate and environmental commitments have all contributed to the development of careers in banking and finance. Here's an overview.
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  • Sphere

    Valuations have rarely been so attractive

    This article was written by Daniel Steck, Analyst, and Fund Manager ,it was published in Sphere on March 29, 2024. Swiss equities got off to a somewhat sluggish start to the year in 2024. The SMI has gained just under 5% and the SPI under 6%, while the EuroStoxx50 is up 12% since the start of the year. However, the upside potential for Swiss equities remains very high, given their low valuations and the boost they have just received from the rate cut by the Swiss National Bank (SNB).
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  • Le Temps

    Sustainable finance must target the 50% who remain undecided

    CEO Olivier Calloud's view of sustainable finance was published in Le Temps on March 30th 2024. A small minority of wealth management clients say they are actually interested in sustainable investments. What are the reasons for this? How can the figures be improved?
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  • Le Temps

    The Race to AI: Challenges for Swiss Wealth Management

    Artificial intelligence (AI) promises many technological advances in wealth management. For Selman Bicaco-Urrutia, Head of Private Banking, Swiss private banks must take the plunge but do so cautiously. This article by Selman Bicaco-Urrutia, Director of Private Banking at Piguet Galland, appeared in French in Le Temps on 25/03/2014.
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  • RTS info

    RTS - What impact has the SNB rate cut had on the property market?

    RTS evening news, 21 March 2024 Following the SNB's announcement of the rate cut, find out more about the interview (in french) with Boris Rechberger, Head of Financing Solutions, on RTS. The SNB's announcement that it would cut interest rates has prompted a number of reactions, particularly in the property sector. Boris Rechberger, Head of Financing Solutions, told RTS that the rate cut could have a significant impact on the property market. "People are more confident because we've already been talking about a possible rate cut since the start of the year, with low inflation. This rate cut was confirmed today, so that can only encourage people to buy." Clearly, this decision by the SNB will certainly stimulate activity in the property market and open up new opportunities for those considering buying or selling a property.
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  • Sphere

    Digital Acquisition in private banking - The Fundamental Principles

    The digital era has had a profound impact on customer acquisition. In addition to automating processes, it offers significant benefits in terms of visibility and personalised experiences. SEO, content strategy, lead nurturing, and site optimisation are the four key principles for implementing a highly effective strategy. Lucile Cottard, Digital Acquisition and Marketing Manager, recently featured in the March issue of Sphere magazine in french and german (p.88).
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  • Handelszeitung

    Carine Casteu: AI can improve many things, but this also involves new risks

    The Chief Risk Officer at the private bank Piguet Galland, Carine Casteu, thrives on being constantly challenged with new themes. This testimonial appeared in the Women in Finance series on HZ Banking, a publication of Handelszeitung, on the 11 March 2024.
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  • Sphere

    Using digital to support our client acquisition strategy

    Olivier Calloud, CEO, explains Piguet Galland's digital transformation over the past three years. This initiative encompasses a range of strategic actions and an innovative approach to attract and retain clients online. The aim is to strengthen our online presence and increase our visibility through digital channels, enhancing the efforts of our sales teams.
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  • Arcinfo

    Is it better to pledge or withdraw the LPP to finance your home?

    This article was written by Alexandra Tudorache, a Financing Solutions Specialist. It appeared in arcinfo, on the 23rd February 2024. In Switzerland, the dream of homeownership is often accompanied by significant financial challenges: high real estate prices, a minimum down-payment requirement of 20% from personal funds, amortisation within fifteen years of the 2nd rank debt portion, etc. This partly explains the low proportion of homeowners, at 36% (2021 figures, source: FSO) versus 64% of tenants.
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  • Citywire

    Multi-strategy hedge funds could face challenges

    Leonard Dorsaz, Analyst Fund Manager, overseeing the Piguet Opportunity fund, examines the evolution of hedge funds and the growing significance of single-manager funds in portfolio construction. This article was featured in Citywire on February 9, 2024.
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  • RTS info

    One year on, the announcement of UBS's results

    Daniel Steck, fund manager-analyst, analyses the impact of this announcement for investors.
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Our experts

    • Olivier Calloud

      Olivier Calloud

      Chief Executive Officer

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      Olivier Calloud holds a degree from the Paris Institute of Political Studies and an MBA from INSEAD. He began his career at Arthur Andersen before moving to Lombard Odier. He joined Franck Galland as COO in 2005. In 2011, he was appointed CEO of the freshly merged Piguet Galland. He chairs the Executive Committee and coordinates the Bank's strategy implementation.
    • Michèle Luyet

      Michèle Luyet

      Chief Operating Officer

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      A graduate of HEC Lausanne, Michèle Luyet is also a Chartered Accountant and Chartered Auditor, approved by FINMA. With 25 years of experience in consulting, finance and banking, both in Switzerland and abroad, she has been a member of the Management Committee of Piguet Galland since 2012 as COO/CFO. She oversees the Bank's operational and IT strategies, as well as the supervision of financial management and credit activities.
    • Selman Bicaco Urrutia

      Selman Bicaco Urrutia

      Head of Private Banking

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      Selman Bicaco Urrutia holds an MBA from the IESE Business School and began his career at Credit Suisse in Geneva before moving to Merrill Lynch in London. After working at CIC bank for seven years as director of the Geneva office, he joined Piguet Galland in 2021 as Head of Private Clients and a member of the Executive Committee. He is responsible for the Bank's strategic and business development.
    • Carine Casteu

      Carine Casteu

      Chief Risk Officer

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      Carine Casteu has a degree in accounting and finance from Paris Dauphine University and a DAS in Resilience and Organizational Health from the HEG. She began her career at PwC. After working for HSBC Group for 12 years, she joined Piguet Galland as head of compliance and central systems in 2014. In 2016, she was also given responsibility for risk management and legal, becoming Chief Risk Officer and a member of the Executive Committee.
    • Daniel Varela

      Daniel Varela

      Chief Investment Officer

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      Daniel Varela holds a degree in business administration with a specialisation in finance from the University of Geneva and began his career in 1989 as a fixed income manager. He joined Banque Piguet & Cie in 1999 as head of institutional asset management and with responsibility for bond analysis and management. In 2011, he became head of the investment strategy and Piguet Galland's investment department. In 2012, he joined Piguet Galland's Executive Committee as CIO.

    • Comité de direction

      Comité de direction

      Executive Committee

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    • Daniel Varela

      Daniel Varela

      Chief Investment Officer

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      Daniel Varela holds a degree in business administration with a specialisation in finance from the University of Geneva and began his career in 1989 as a fixed income manager. He joined Banque Piguet & Cie in 1999 as head of institutional asset management and with responsibility for bond analysis and management. In 2011, he became head of the investment strategy and Piguet Galland's investment department. In 2012, he joined Piguet Galland's Executive Committee as CIO.

    • Christina Carlsten

      Christina Carlsten

      Analyst Fund Manager

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      Christina Carlsten has been an analyst and senior manager on European markets with Piguet Galland since 1997. She began her career at Banque Scandinave in Switzerland with private clients and then moved on to financial analysis and fund management. Within the Bank, she is responsible for the management of thematic certificates and funds invested in European and global equities. She holds a degree in economics from the University of Lund (Sweden).
    • Daniel Steck

      Daniel Steck

      Analyst Fund Manager

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      Daniel Steck has nearly 25 years of experience in finance. After a first experience in financial analysis at Lombard Odier, particularly in the health sector, he continued his career at Reyl & Cie, as an analyst and portfolio manager. He joined Piguet Galland in 2018 as a senior manager and is responsible for the management of various thematic certificates and equity funds in Switzerland and North America.

    • Léonard Dorsaz

      Léonard Dorsaz

      Analyst Fund Manager

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      A graduate of the University of Geneva in mathematics, Léonard Dorsaz joined the banking sector and specialised in the selection of funds, more particularly alternative funds. He joined Piguet Galland in 2004, where he heads the department in charge of selecting and monitoring external products and has managed the Piguet Opportunity Fund since 2008. He holds the CIIA diploma.
    • Ed Yau

      Ed Yau

      Analyst Fund Manager

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      Ed Yau is an Asian market specialist with 20 years of experience in managing equity portfolios. He previously worked as Head of Research in several Hedge Funds in Switzerland and Singapore. An HES engineer by training, he also holds a degree from the University of Geneva and an MBA from the University of Chicago. He joined the Bank in 2018 and became a member of the investment committee, in charge of managing several thematic certificates and equity funds, as well as setting up ESG investments.
    • Claudia Dorsaz

      Claudia Dorsaz

      Analyst Fund Manager

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      Claudia Dorsaz holds a degree in economics from Bocconi University in Milan, a master's degree in international economics from the HEI in Geneva and a CFA diploma. She joined Banque Piguet & Cie in 2007 as an emerging markets financial analyst. In 2010, Claudia participated in the creation of the centralised management service, where she continued her career. Since 2018, she has also been responsible for managing the Piguet Pondéré fund.
    • Charles Chardonnens

      Charles Chardonnens

      Head of Investment Solutions

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      With more than 20 years of international experience in Cross-Asset investment management and advice, Charles Chardonnens (CIIA) is Head of the dynamic "Investment Solutions" team whose mission is to offer relevant investment solutions for a sophisticated clientele, professional and personalised investment advice as well as expertise in the management of portfolios and digital assets.
    • Ross Evans

      Ross Evans

      Head of Discretionary Management

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      Ross Evans holds a degree in political economy and a master's degree in banking and finance from HEC Lausanne. He began his career at Schroder Securities in London. He then joined Banque Franck in 1998 as an economist and head of alternative investments. He became CIO and member of the Management Committee in 2007. During the merger with Banque Piguet in 2011, he was appointed Head of Discretionary Management. Ross Evans is a CFA and FRM graduate.
    • Vincent Heyberger

      Vincent Heyberger

      Institutional Portfolio Manager

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      Vincent Heyberger holds an MSc in Biotechnology from University College London (UCL). He began his career as an analyst in a fund dedicated to health. He then joined the institutional team of Pictet AM where he contributed to the market strategy plan as well as the management of pension mandates. Vincent joined Piguet Galland in 2020 as an institutional portfolio manager. He manages individual portfolios and Piguet Active Prévoyance 25 and 40 strategies.
    • Vincent Arnal

      Vincent Arnal

      Head of Wealth Solutions

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      The holder of the IAF diploma and the Federal Certificate of Financial Advisor, Vincent Arnal began his career with Swiss Life Select and then with Banque Cantonale de Genève. He joined Piguet Galland & Cie SA in 2018 and then became Head of Wealth Solutions in 2020. He ensures the business development of the Bank's pension and financing solutions, as well as the management of the expertise that supports our clients in their life plans.
    • Jihan Bicici

      Jihan Bicici

      Wealth Solutions Specialist

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      Jihan Bicici holds a master's degree in economic and social sciences from the University of Geneva and the federal certificate of financial advisor. He has more than 10 years of experience in wealth management and financial planning with clients domiciled in Switzerland. As a Wealth Solutions Specialist, he can advise you in the realisation of your life plans through a global vision of your wealth, including pensions, as well as tax, matrimonial and inheritance aspects.
    • Boris Rechberger

      Boris Rechberger

      Head of Financing Solutions

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      Boris Rechberger was employed at Migros Bank for twenty-five years, including five years as Head of the Private Clients Department. He then continued his career for a further fourteen years at BCGE as Head of "Real estate management and investors". In 2022, Boris joined Piguet Galland and founded the Financing Solutions service within the Wealth Solutions department.
    • Alexandra Tudorache

      Alexandra Tudorache

      Financing Solutions Specialist

      linkedIn
      Coming from a banking apprenticeship, Alexandra Tudorache has spent a large part of her career in the real estate and construction department of BCGE, as well as a recent two-year experience with the credit administration of the same bank. This experience allowed her to have a global view of the profession. In 2022, Alexandra Tudorache joined Piguet Galland as a Financing Solutions Specialist, essential for private clients, in the field of real estate.

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