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The history of Credit Suisse, a banking giant that collapsed last week and was bought by rival UBS, offers a glimpse into how economic and political power works in Switzerland but also signals that the future of this model may be in doubt. ....
Art Industry News: Andy Warhol’s Fancy Swiss Wristwatch Heads to Auction at Christie’s for 15 Minutes of Cash + Other Stories Plus, Ragnar Kjartansson is bringing love songs to the Guggenheim rotunda and Martin Roth’s posthumous garden project gets funded. June 2, 2021 Patek Philippe, retailed by Hausmann & Co., 18k gold wristwatch, formerly owned by Andy Warhol. Photo: Christie s Images Ltd. Art Industry News is a daily digest of the most consequential developments coming out of the art world and art market. Here’s what you need to know on this Wednesday, June 2. NEED-TO-READ Louvre Director Resurrects Plan for Byzantine and Coptic Art Department – Newly appointed Louvre head Laurence des Cars is already distinguishing herself from her predecessor. Des Cars said she plans to launch a department devoted to Byzantine and Coptic art, signifying a new approach to presenting Christian art at the museum. Former director Jean-Luc Martinez previously ....
Urs Rohner (Image: Keystone) Rise and Fall of Credit Suisse s Urs Rohner a lender in crisis. finews.com looks back at the pugnacious trial lawyer’s last decade. Urs Rohner gave up the relative safety of a partnership at one of Zurich’s preeminent white-collar law firms to become CEO of a German media juggernaut in 2000. The chief counsel to Switzerland’s second-largest bank lured him back to the alpine nation in 2004. Once considered a candidate as CEO of Credit Suisse, Rohner’s path led to the Swiss bank’s board through his mentor, Walter Kielholz. Privately, Rohner has expressed doubts the bank can exist in its current form. ....
Sergio Ermotti, chairman of Swiss Re Friday, 16 April 2021 13:06 | Written by Katharina Bart Sergio Ermotti Shifts from Banker to Statesman The former CEO of UBS, Sergio Ermotti, had promised a blackout after leaving the Swiss wealth manager at the end of October. He resurfaced publicly on Friday, when Swiss Re investors backed him as the reinsurer s next chairman, after a year of understudying with long-standing overseer Walter Kielholz. «In my new role, I look forward to advocating for Switzerland as an attractive location for the insurance industry,» the 60-year-old Ticino native told shareholders in an annual meeting held online. Insurance represents as much of Swiss gross domestic product as Switzerland s heavyweight banking sector, and also a more consistent one. ....
EQS Group-News: Swiss Re Ltd / Key word(s): Miscellaneous Swiss Re shareholders approved all proposals put forward by the Board of Directors at Swiss Re's Annual General Meeting 16.04.2021 ....