Actively shaping change from a position of strength. Successful Transition To A New Generation

Newsletter from bank: We are pleased to inform that the majority shareholding in the Maerki Baumann Group has passed to a new generation. We have had the opportunity to enlarge our stake in the Group by acquiring shares from our mother, Raymonde Syz-Abegg, for which we are very grateful. Together, we are now the majority shareholders, while our mother remains a significant minority shareholder in the company. This step underscores our family’s determination to continue to operate Maerki Baumann as a family-owned private bank in the long term too. Read full (pdf) (c)
Useful link: Maerki Baumann & Co. A.G.

Tax amnesty to hit southern canton of Ticino. A successful Italian tax amnesty ends on Tuesday, with Switzerland left counting the cost to its financial centre. Experts predict that “scudo III” - the third Italian tax amnesty since 2001 - will surpass Italian government projections of recouping tax revenues of €3.7 billion (SF5.6 billion) in 2010