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Private Banking in Switzerland, Swiss Bank Accounts, Offshore Banking, Wealth Management - Philippe de LaCroix, Zürich. Private Banking in Switzerland, Swiss Bank Accounts, Offshore Banking, Wealth Management - Philippe de LaCroix, Zürich.
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News and Press Releases

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25/02/2008
Banca Privada en Suiza: Por que seguir Invirtiendo!!
Competitividad, experiencia en el Know-how, estabilidad política y económica, tradición, y sobretodo sus resultados, han posicionado la plaza financiera de Suiza como una de las más poderosas y eficientes del mundo.

La Banca Suiza como líder en la administración de bienes de capital, gestiona aproximadamente el 35% de los fondos privados e institucionales en le extranjero siendo estos logros los que catalogan esta plaza financiera como líder Mundial.
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11/02/2008
EXCLUSIVE PRIVATE BANKING: WORLDWIDE ECONOMIC CRISIS – A SWISS PERSPECTIVE.

The crisis arrived before anybody expected. According to the United Nations global economical growth for 2007 was in the order of 3.2%. This was the first symptom of worldwide economic deceleration, because, as everybody should remember, the economic growth index for 2006 was 3.8%. This deceleration was caused mainly by the crisis in the United States of America which obviously created big concerns in the global markets and generated significant losses internationally.
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05/02/2008
QUE NOS ESPERA DE LA CRISIS ECONOMICA GLOBAL?

Es evidente que no podríamos aventurarnos a asegurar la inminente recesión de los Estados Unidos, sin embargo las medidas tomadas por el Presidente George W. Bush y por la Reserva Federal (FED) han sido tan severas que solo podrán ser entendidas como un antídoto a la recesión. Sin embargo es prudente esperar la evolución de su economía al cierre del primer trimestre del 2008.

Europa por su parte no es ajena a esta crisis y basa su preocupación en una posible desaceleración y alza en la inflación en la zona del Euro, lo cual generaría entorpecimientos para los Bancos Centrales en la acción de encontrar un punto de equilibrio entre estos dos factores.
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03/02/2008
THE YEAR AHEAD FOR THE U.K. AND STERLING

Attention has been focused on the U.K. for the last number of weeks. Problems with the Banking system brought to light by the credit crunch, worrisome political pressure on the Bank of England to cut interest rates despite lurking inflationary shadows and an underlying weakness in the economy leaving little room for manoeuvre all mean international attention, indeed anticipation, still examines the U.K. for changes, and what has been seen? The pound has been registering lows against the Euro, and indeed has lost over 7% against its November high against the Dollar.
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15/12/2007
SWISS BANKS AND THE EUROPEAN UNION WITHOLDING TAX

It was a famous moment when in 1999 the Swiss Finance Minister Kaspar Villiger told the a conference of European finance officials in Frankfurt that “ Swiss bank-client confidentiality is not up for discussion!” At the time it represented the culmination of the latest efforts by European officials to “grab” information on European Nationals who had accounts in Switzerland. Of course this was just the latest round of such efforts by European Governments to claw back what they saw as lost revenue from citizens who had been “unsporting” enough to invest their money beyond the reach of their national governments. For many years the European officials had been trying to stem the tide of escaping money, channelled into off-shore Banking centres, of which Switzerland is by far the biggest. The defiant rebuke by Kaspar Villiger drew a line in the sand beyond which the Swiss made clear they would not go.
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14/12/2007
QUE ESTA PASANDO CON EL SECRETO BANCARIO?

Cada día son más las personas de diferentes países del mundo que se preguntan que esta pasando con el secreto bancario. Nuestro derecho a la privacidad personal se coarta cada día más y más. Ciudadanos de los Estados Unidos de América que tenían sus cuentas bancarias y su capital en Panamá están quedando poco a poco al descubierto, pues los acuerdos bilaterales entre los dos países de apertura de cuentas se están asiendo cada vez más normales. Ciudadanos europeos, están quedando cada vez más en las manos de sus propios gobiernos pues por políticas de transparencia internacional hacen cada día más difícil mantener en secreto nuestras cuentas bancarias.
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27/11/2007
Some reasons why people invest through Private Banking in Switzerland

There are as many reasons for investing in Switzerland as there are investors and of course there are both negative and positive reasons. The negative usually involve motivations caused by the financial environment or tax burden of an investor’s home state or the lack of personal privacy there. Many of the European States as well as the United States are perceived by their citizenry as having unduly onerous tax burdens, or having broken faith with their democratic sanction. Of course these are valid reasons. Many of the infringements of personal freedom that citizens all over the world are subjected to, especially in the European Union and the U.S.A., are justified by dramatic “needs” that are seemingly inarguable, be it the war on terror, the war on drugs, or the war on whatever is deemed necessary this year.
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12/11/07
Opinión Banca Privada: Lucha contra el Lavado de Dinero
Pese a las constantes críticas mundiales por su sistema bancario, Suiza sigue luchando contra el lavado de dinero implementando nueva normatividad que regula específicamente los procedimientos que deben hacer uso los profesionales financieros y de banca para apertura de cuentas y la gestión de fortunas. Tal ha sido el éxito que hoy en día muchas plazas financieras del mundo han comenzado a implementar exitosamente los mismos mecanismos.
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07/11/07
Suiza Lider Mundial en Banca Privada

Estabilidad política y económica, inigualable tradición, competitividad, experiencia en el Know-how y lo que es más importantes sus resultados, han posicionado la plaza financiera de Suiza como una de las más poderosas y eficientes del mundo. Leer más »


20/10/07
Meeting Mr. Switzerland by Jack Henderson
The first time I heard about Philippe de LaCroix Associes was from my uncle. It was at my father's funeral and he was there together with all my other relatives whom I met as regularly as there was any funeral. Most families have one rather eccentric family member, ours happened also to be rich; rich enough not to care about anything.
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04/10/2007
The Strengths of Private Banking in Switzerland
Press Release Summary: There are many Banks based in other jurisdictions who, to service the demands of their customers for off-shore investments, have established a presence in Switzerland. Readers in the UK may be aware of the recent UK case where the five major High Street Banks were ordered by the UK court to hand over to the UK Revenue (tax) authorities details of their customers who had accounts off-shore. Swiss Banks are not subject to this judgment but it is a good illustration of how banking in the wrong jurisdiction can mean that at the stroke of a pen privacy can be removed. In my view it would be a poor advisor who would recommend a client to a Bank where there was a possibility of such a loss of privacy.
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19/04/2007
Philippe de LaCroix Associés. New Appointment Claudia Milene Ortiz-Fonseca.

In an unusual development the prestigious firm of Swiss Banking Specialists “Philippe de LaCroix Associés” from Zurich, today made public the appointment of their Latin American specialist, the successful Colombian lawyer CLAUDIA MILENE ORTIZ-FONSECA as Executive Vice-President for Latin America and Europe. Normally it does not announce it’s Executive appointments.
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17/04/2007
“Tax evaders to win amnesty” by Vanessa Houlder
Financial Times.
www.ft.com


13/05/2003
“Banking: Privacy guarantees under pressure” by William Hall
Financial Times.
"Ultimately, it's banking secrecy that makes all the difference between Switzerland and other countries...everyone would be affected if it were abolished" - Sergio Taddei, chief executive, Schweizerische Treuhandgesellschaft Group. Switzerland is the capital of the world's private banking industry. No other centre comes near to matching its claim to manage close to 30 per cent of all cross-border private assets invested globally by the world's wealthiest individuals.
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03/12/2002
“Case for bank secrecy: 'An inexorable erosion of privacy' by Georg Krayer
The right to privacy is an inalienable human right on a par with the right to life and the freedom of speech. In Switzerland, as elsewhere in Europe, the protection of privacy is enshrined in the constitution and governed by specific legislation. What this means in practice is that the person who initially provides information is entitled to decide whether or not it can be circulated. It is up to the state, therefore, to lay down the rules and ensure they are observed. The inflationary proliferation of jobs for data protection officers during the past decade is just one visible manifestation of this interpretation of the law. Procedures for monitoring and collecting information are a fact of life and should trigger alarm bells in all of us.
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