It is the same Bordier that advocates for "neutrality", effectively no russian sanctions, mixing up neutrality in the military sense and sanctions that are economic measures. This, so he, along with his limited partner known as the "banker for the russians" can continue doing "business" like Bordier did during the Otkritie/"Three russians" scandal (look it up). With the ongoing banking sector consolidation we will see banks like this one becoming extinct.
Switzerland is not neutral country anymore and people have understood it. Singapore is the new safe haven. Furthermore with ETFs and index funds active asset managers are slowly going out of business as they fail to beat their respective benchmark especially in the long run. What is the point of paying active management fees? to finance beautiful offices in Bahnhofstrasse or in Geneva?
