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

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

READ MORE

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

READ MORE

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

6 April 2023

Interest Rate Volatility

Over the past few weeks, interest rates have experienced remarkable volatility, with daily swings of 20 basis points becoming the norm. This is unprecedented in recent history. Bond markets are clearly taking recession risks seriously: from 5.1% in early March,

READ MORE

10 March 2023

Muddling Through

Equity markets were lacklustre in February, despite a flow of broadly supportive news: the Chinese revival, US/European economic indicators that suggest a recession will be avoided, good company results and guidance, stabilising headline inflation… While the risk of a severe

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10 February 2023

Why Such Optimism?

Financial markets have certainly started 2023 on a strong note, never mind the ongoing central bank tightening and generally weaker outlook for corporate earnings. This newfound investor optimism appears to be rooted in decelerating inflation (to the point, is the

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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

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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

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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