Independent 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

12 February 2024

Glass Half Full or Half Empty?

Recent data reports continue to point to a solid economy and receding inflation, particularly in the US. So much so that the US central bank, while acknowledging that monetary policy will indeed be pivoted this year, has advised markets to

READ MORE

15 January 2024

Tidings for 2024

Equity markets were in good spirits during the final weeks of 2023, buoyed by receding inflation expectations – hence hopes for rapid rate cuts. Increased geopolitical concerns were blithely ignored in the process. But what are the odds of the

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11 December 2023

GROWING HOPES OF A SOFT LANDING

Geopolitical developments took somewhat of a backseat during November and, with inflation continuing to move down amid still resilient US activity, bond and – especially – equity markets have been in a festive mood. The odds of an economic soft

READ MORE

10 November 2023

A Dangerous World

Geopolitics unfortunately took centre stage again in October, with a brutal conflict erupting in the Middle East. The overall economic picture, meanwhile, continues to deteriorate as the effects of 18 months of monetary tightening begin to take their toll. Yet,

READ MORE

16 October 2023

Higher Rates Have All But Erased the Equity Risk Premium

The major take-away of the past few weeks has been the breakout in long-term yields. The 30-year US Treasury briefly hit 5% in the opening days of October, certainly an important threshold for investors. And a similar move is underway

READ MORE

15 September 2023

The Perils and Opportunities of European Stagflation

Contrary to common assertions, we do not consider the situation on the energy front to be that rosy. Oil is once again trading around USD 90 per barrel, meaning that its past months’ moderating effect on overall inflation indices has

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10 August 2023

Wall Street vs. Main Street

On Wall Street, July saw a continuation of the strong June market performance, with the large technology names again posting the largest gains. To the point that Nasdaq decided to trim the weightings of the “Magnificent Seven” components of the

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13 July 2023

Are Geopolitical Considerations Crowding Out Possible Economic Growth?

There was a time when the actions of Chinese policymakers were predictable, focused on only one goal: to maximise economic growth. Over the past few years, however, their motives seem to have shifted. First came strict regulation of the technology

READ MORE

9 June 2023

Ever-increasing Sovereign Debt…

The word likes not to be spoken, but stagflation is indeed what the global economy is currently undergoing: slow (or almost no) GDP growth together with stubborn core inflation. The positive news is that a recession seems to have been

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12 May 2023

No Time To Be Too Brave

The US banking troubles may not be over, after all. The most recent failures pertain, however, not to accessing central bank liquidity, a matter that was fixed by the Federal Reserve immediately after Silicon Valley Bank went under, but rather

READ MORE

MEET US

Board of directors

JEAN-YVES DE BOTH

Chairman of the Board

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

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

CÉCILIA JACQUÉRIOZ

Deputy CIO

COLETTE LE RAY

Private Banker

VANESSA RACLOZ

Private Banker

RAYMOND VAN WIJNEN

Private banker

PIETER DE BISSCHOP

Private Banking / Director

PEGGY CORNELISZ

Private Banking

JEAN-YVES DE BOTH

Chairman of the Board

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

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

CÉCILIA JACQUÉRIOZ

Deputy CIO

COLETTE LE RAY

Private Banker

VANESSA RACLOZ

Private Banker

RAYMOND VAN WIJNEN

Private banker

PIETER DE BISSCHOP

Private Banking / Director

PEGGY CORNELISZ

Private Banking

JEAN-YVES DE BOTH

Chairman of the Board

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

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

CÉCILIA JACQUÉRIOZ

Deputy CIO

COLETTE LE RAY

Private Banker

VANESSA RACLOZ

Private Banker

RAYMOND VAN WIJNEN

Private banker

PIETER DE BISSCHOP

Private Banking / Director

PEGGY CORNELISZ

Private Banking

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