Independant swiss private bank founded in 1982

o the point
To the point

ABOUT US

Banque Thaler is a boutique private bank exclusively dedicated to wealth management for private clients. We do not engage in investment banking, nor do we extend commercial loans or mortgages. We focus on selected areas of business but strive to do them well.

Banque Thaler is ‘Switzerland only’-based, with offices in Geneva and Zurich. The Swiss virtues of stability, quality, precision and craftsmanship are deeply ingrained in how we operate and serve our clients.

Banque Thaler is independent and owned by a partnership of management and board members. The owners thus manage the business and are directly involved in looking after our clients – with a long-term perspective. We are free from external pressures and our interests are aligned with those of our clients. Indeed, our first and foremost focus is on our clients, aiming to be their trusted advisor.

Banque Thaler has an entrepreneurial spirit and a lean organisation. Our human size translates into robust decision-making, high reactivity and flawless execution. The services that we offer are personalised and can be delivered in several European languages.

FINANCIALS

Banque Thaler has a solid, highly liquid, debt-free and conservatively managed balance sheet. Our capital structure is strong, with a CET 1 ratio of 30.1% as of year-end 2021 – triple the 10.5% minimum required level. We are supervised by the Swiss financial regulator FINMA.

HISTORY

1982 Founding of the bank, obtaining of the banking licence from the FINMA authorising the banking activity in Switzerland.

1999 A consortium of investors takes over the Bank, which is renamed Banque Thaler. Its name refers to the first pan-European coin created in the 15th century, the Thaler.

2017 In addition to its headquarters in Geneva, the Bank is opening an office in Zurich.

2020 The management and board members buy out the holdings of some external shareholders. Banque Thaler is now owned by active shareholders within its organisation.

INVESTMENT PHILOSOPHY

At Banque Thaler, we view dynamic asset allocation as key to generating positive investment returns. To build client portfolios, we apply a top-down approach. Allocation decisions, between cash, bonds, equities and alternative funds, are taken by the Investment Committee, based on a thorough fundamental analysis of the global macro-economic environment – with a focus on longer run trends mainly, rather than short-term market noise.

Banque Thaler uses an independent and open architecture. Our rigorous and unbiased selection process is based on both qualitative and quantitative metrics, enabling us to pick the best investment managers. We pride ourselves on our proven expertise and track record in selecting external funds with sustainable and superior risk/return profiles. Geneva and Zurich being well-established financial centres, we enjoy a comprehensive and regular access to managers and companies.

This smooth access to a broad selection of investment products across financial markets enables us to provide our clients with high-quality portfolios, tailored to their specific needs.

Capital preservation is of paramount concern to Banque Thaler. As such, our aim to generate asset growth for our clients goes hand-in-hand with strict risk controls.

HEDGE FUND AND PRIVATE EQUITY SELECTION

We have a longstanding tradition of investing in hedge funds. Over the years, we have developed a high level of expertise in selecting these complex products and built a network of trusted partners, making for sustainable results in all market circumstances. Our clients thus have access to the most experienced managers, whom we submit to an extensive due diligence process.

As entrepreneurs ourselves, we believe that private markets form an integral part of a diversified investment portfolio. We discuss such opportunities with our clients in an open and transparent way. Our approach to this special asset class is rather hands-on, and we often represent our clients on advisory committees. In our view, manager selection and the timing of an investment are essential.

DISCRETIONARY PORTFOLIO MANAGEMENT

Should you want to fully rely on our expertise, skills and constant focus on financial markets, you may consider granting us a discretionary mandate. This means letting us make the investment decisions on your behalf, based of course on your financial needs, long-term objectives, risk appetite and country of domicile. Using a dynamic approach, we optimise portfolio diversification through best-in-class investment solutions. The goal being both to preserve your capital and to outperform the relevant benchmarks.

ADVISORY PORTFOLIO MANAGEMENT

An advisory relationship involves combining our respective expertise and know-how of financial markets and instruments. When you have investment ideas, we act as your sparring partner. And we provide proactive and customised advice, in line with your appetite for risk. Knowing that the final investment decision always remains yours.

MARKET

9 June 2022

The Private Eye

Little has unfortunately changed over the last month, with the only positive news stemming from China where lockdowns are being lifted and economic stimulus measures now likely – if the government’s 5% full year growth target is to be attained.

READ MORE

12 May 2022

What If?

Reflecting on how to position investment portfolios for a “World War III” scenario is, sadly, an irrelevant exercise. Practically every asset class would plunge, with only exposure to physical gold liable to curtail losses. We elect rather to consider what

READ MORE

4 April 2022

A Perfect Storm ?

More than a month into the conflict, and with no end in sight, the Russian invasion of Ukraine is already posing serious challenges to the global economy. In terms of oil & gas market dynamics of course, but also supply

READ MORE

10 March 2022

The Economic Consequences of War

Predicting how the conflict in Ukraine will evolve over the next days, weeks or months is near impossible – and the subject of widespread media coverage. We attempt here rather to reflect on its potential, and numerous, economic ramifications. For

READ MORE

8 February 2022

‘TIS ALWAYS DARKEST BEFORE DAWN

Financial markets have suffered a rough start to the year, amid a rapidly spreading Omicron variant, runaway inflation, a marked change in Fed rhetoric (which pushed bond yields up sharply) and intensifying tensions on the Ukraine/Russia border. Amid this flow

READ MORE

10 January 2022

The Economic Story of 2021

Pictures can be worth a thousand words! As we close the book of 2021, we thought our readers might find it interesting to reflect on some of the most remarkable developments of the year, illustrated graphically. Commodity prices, currencies, equity

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9 December 2021

Omicron vs. Inflation

As all eyes start to turn to 2022, the degree of uncertainty is exceptionally high. Because of the new Omicron variant, of course, but also of mounting inflationary pressures (which could force a tightening in US/European central bank policy) and

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15 November 2021

Quo Vadis Central Banks

Central bankers have painted themselves into a corner. After over a decade of ultra-loose monetary policy, justified first by the Great Financial Crisis of 2008 (to save the banks), then by the Covid-19 pandemic (to avoid an economic depression), they

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14 October 2021

Into the Last Innings

The supply chain is in trouble: productive capacity is not geared to current demand, logistical bottlenecks are rampant and inventory “buffers” have been largely depleted. Odds are high that the resulting inflationary pressures will last longer than generally expected. To

READ MORE

13 September 2021

“Socially-Corrected” Capitalism In China

Recent developments in China are not only about clamping down on the internet sector. The government appears serious in its intent to promote greater fairness across the Chinese society. Many companies stand to see their earnings reduced by higher taxation,

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MEET US

Board of directors

HANS ISLER

Chairman of the Board

JEAN-YVES DE BOTH

Boardmember

GREGOIRE WUEST

Boardmember

STEFAN SABLON

Boardmember

BERNARD COUCKE

Boardmember

HERMAN WIELFAERT

Boardmember

Management committee

DIRK EELBODE

CEO

OLLIVIER GUERIN

COO

CHRISTIAN MOREL

CFO / CRO

PASCAL BLACKBURNE, CFA

CIO

Private Banking

NADINE MERTENS, MSc

Private Banker / Associate Partner

ANTON EIKHOUT, LL.M.

Head of Zurich Office / Associate Partner

SABINE NEYMAN, MSc

Private Banker / Associate Partner

DIDIER DE TERWANGNE

Private Banker / Associate Partner

EDMONDA PELEMAN

Private Banker

HANNEKE VAN DER MEER, MA

Private Banker

INGE KUPFER SESSA

Private Banking

SONIA CROZET

Secrétariat / Réception

TITA SAGARMINAGA

Private Banker

OLIVIER MULIN

Portfolio Management

NICOLAS VIALIS, CFA, CAIA

Portfolio Management

STEFAN OLDENZIEL, LL.M.

Private Banking / Associate Partner

NATHALIE PALMEN

Private Banking

JEAN-LUC MONCALVO

Trade Execution

GASPAR MOTTE

Private Banker

LIVIA HERRIJGERS, CFA

Head of Portfolio Management

BEN SABBE, CFA

Portfolio Management

ROXANE PIETTE

Private Banking

TAMARA ROTHSCHILD

Private Banking

CÉCILIA JACQUÉRIOZ

Deputy CIO

COLETTE LE RAY

Private Banker

VANESSA RACLOZ

Private Banker

LONNEKE DONDERS

Private Banking

RAYMOND VAN WIJNEN

Private banker

HANS ISLER

Chairman of the Board

JEAN-YVES DE BOTH

Boardmember

GREGOIRE WUEST

Boardmember

STEFAN SABLON

Boardmember

BERNARD COUCKE

Boardmember

HERMAN WIELFAERT

Boardmember

DIRK EELBODE

CEO

OLLIVIER GUERIN

COO

CHRISTIAN MOREL

CFO / CRO

PASCAL BLACKBURNE, CFA

CIO

NADINE MERTENS, MSc

Private Banker / Associate Partner

ANTON EIKHOUT, LL.M.

Head of Zurich Office / Associate Partner

SABINE NEYMAN, MSc

Private Banker / Associate Partner

DIDIER DE TERWANGNE

Private Banker / Associate Partner

EDMONDA PELEMAN

Private Banker

HANNEKE VAN DER MEER, MA

Private Banker

INGE KUPFER SESSA

Private Banking

SONIA CROZET

Secrétariat / Réception

TITA SAGARMINAGA

Private Banker

OLIVIER MULIN

Portfolio Management

NICOLAS VIALIS, CFA, CAIA

Portfolio Management

STEFAN OLDENZIEL, LL.M.

Private Banking / Associate Partner

NATHALIE PALMEN

Private Banking

JEAN-LUC MONCALVO

Trade Execution

GASPAR MOTTE

Private Banker

LIVIA HERRIJGERS, CFA

Head of Portfolio Management

BEN SABBE, CFA

Portfolio Management

ROXANE PIETTE

Private Banking

TAMARA ROTHSCHILD

Private Banking

CÉCILIA JACQUÉRIOZ

Deputy CIO

COLETTE LE RAY

Private Banker

VANESSA RACLOZ

Private Banker

LONNEKE DONDERS

Private Banking

RAYMOND VAN WIJNEN

Private banker

HANS ISLER

Chairman of the Board

JEAN-YVES DE BOTH

Boardmember

GREGOIRE WUEST

Boardmember

STEFAN SABLON

Boardmember

BERNARD COUCKE

Boardmember

HERMAN WIELFAERT

Boardmember

DIRK EELBODE

CEO

OLLIVIER GUERIN

COO

CHRISTIAN MOREL

CFO / CRO

PASCAL BLACKBURNE, CFA

CIO

NADINE MERTENS, MSc

Private Banker / Associate Partner

ANTON EIKHOUT, LL.M.

Head of Zurich Office / Associate Partner

SABINE NEYMAN, MSc

Private Banker / Associate Partner

DIDIER DE TERWANGNE

Private Banker / Associate Partner

EDMONDA PELEMAN

Private Banker

HANNEKE VAN DER MEER, MA

Private Banker

INGE KUPFER SESSA

Private Banking

SONIA CROZET

Secrétariat / Réception

TITA SAGARMINAGA

Private Banker

OLIVIER MULIN

Portfolio Management

NICOLAS VIALIS, CFA, CAIA

Portfolio Management

STEFAN OLDENZIEL, LL.M.

Private Banking / Associate Partner

NATHALIE PALMEN

Private Banking

JEAN-LUC MONCALVO

Trade Execution

GASPAR MOTTE

Private Banker

LIVIA HERRIJGERS, CFA

Head of Portfolio Management

BEN SABBE, CFA

Portfolio Management

ROXANE PIETTE

Private Banking

TAMARA ROTHSCHILD

Private Banking

CÉCILIA JACQUÉRIOZ

Deputy CIO

COLETTE LE RAY

Private Banker

VANESSA RACLOZ

Private Banker

LONNEKE DONDERS

Private Banking

RAYMOND VAN WIJNEN

Private banker

CONTACT US

We would be glad to welcome you in one of our offices in Geneva or Zurich.

Rue Pierre-Fatio 3, CH-1204 Genève

Kämbelgasse 6, CH-8001 Zürich