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 January 2023

2022: Annus Horribilis for Investors

With (benchmarked) balanced portfolios having lost close to 15% in nominal terms and a further 10% in purchasing power due to inflation, 2022 proved a terrible year for investors. Some actively managed portfolios fared better, by staying away from the

READ MORE

9 December 2022

China to Loosen its Covid Grip?

As the Western world heads towards recession, China could well buck the trend, thanks to a long-awaited easing of Covid restrictions. While this move probably has more to do with social stability concerns than economic growth, the fact of the

READ MORE

11 November 2022

There is Now an Alternative to Equities

The time may not yet have come for a broad-based “tipping” of portfolios from equities to bonds, but some areas of the fixed income market are certainly becoming compelling. And we speak not of US government bonds, whose (admittedly now

READ MORE

13 October 2022

The Tipping Point

With central banks (finally) taking the measure of the inflationary risk and signalling continued rates hikes until price indices fall under control, nominal bonds yields are also moving up fast. Which is bringing them closer to the level at which

READ MORE

9 September 2022

Doom on the Horizon

The winter promises to be challenging, especially in Europe. Absent a change in leadership in Russia (the only hope at this point for an end to the war in Ukraine), energy prices will remain sky-high, particularly in the more gas-dependent

READ MORE

12 August 2022

Hold your horses!

Even as large parts of the world are already struggling with a mild recession – soon to become a severe one if the many current geopolitical problems are not rapidly resolved – financial markets had a party in July, with

READ MORE

15 July 2022

In Search Of A New Equilibrium

Financial markets got even rougher in June, with (almost) nowhere to hide and making for the worst ever first half of a year for bonds. Worries are certainly galore: persistent inflationary pressures that are starting to feed into wages, economic

READ MORE

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

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

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

LONNEKE DONDERS

Private Banking

RAYMOND VAN WIJNEN

Private banker

PIETER DE BISSCHOP

Private Banking / Director

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

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

LONNEKE DONDERS

Private Banking

RAYMOND VAN WIJNEN

Private banker

PIETER DE BISSCHOP

Private Banking / Director

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

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

LONNEKE DONDERS

Private Banking

RAYMOND VAN WIJNEN

Private banker

PIETER DE BISSCHOP

Private Banking / Director

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