Cramer
| Bank title |
Banque Cramer & Cie S.A. |
| Logo |
 |
| Also known as |
Cramer & Co |
| Based in |
Geneva |
| Found |
1709 |
| Category: |
private, investment, retail |
| Ownership |
The Bank owns 100% of the share capital (CHF 800′000) of Mont-Blanc Financial Services S.A., a company based in Geneva whose principal activities are third-party wealth management and the provision of fiduciary services.
It has also subscribed for the entire share capital of Hairoun Holdings (BBVI) Ltd, a company based in the British Virgin Islands whose corporate object is to act as the holding company for a trust company. |
| Associations |
Swiss Interbank Clearing (SIC)
EURO Interbank Clearing (EuroSIC) |
| Key Activities |
wealth management
financial planning
investment advisory services
real-estate advisory
portfolio-based lending
trade finance
Pension fund:
Pension fund commitments are accounted for according to the Swiss GAAP PC 6 norm. Under pension fund commitments one understands all commitments deriving from pension fund schemes providing retirement, invalidity and death benefits.
The Bank is responsible for the payment of all legally binding pension fund contributions to the foundation. The constitution of reserves related to funding the inherent costs of growing life expectancy is built up within the foundation
Investment Policy:
- Macro-economic research developed in partnership with a highly respected external team
- Research and analysis provided by top Swiss and international banks and brokers
- Technical analysis to complement fundamental views
- Selection of “best-of-breed” investment funds
The investments fall into the following categories:
- Investment-grade bonds
- Equities from developed and emerging economiess
- Structured products
- A “guided architecture” approach to investment funds
- Alternative investments (Fund of Hedge Funds and single manager funds)
- Private equity |
| Total Assets Under Management (AUM) |
Breakdown of clients’ assets (all figures in thousands of CHF) - 31.12.2007
Types of asset under management:
- Assets held by unds under own management - 532′896
- Assets under portfolio management mandate - 287′844
- Other assets under management - 498′067
- Total assets under management (AUM) - 1′318′807
- Net new money on accounts with the Bank - 283′077
On the liabilities side, amounts due to banks increased by CHF 42 million to a total of CHF 72 million, reflecting the higher liquidity needs of the new business lines, but also indicating the confidence of other institutions toward our Bank and its ongoing projects.
Amounts due to clients fell by CHF 16 million to CHF 43 million. The balance sheet total at the year-end-2007 stood at
СHF 155 million, a rise of HF 26 million over 2006. With regards to off balance sheet operations, the new Trade Finance business has also fuelled an increase in certain liabilities, although these remain modest in absolute terms.
Incomes increased by 7% to CHF 20.4 million, a figure which does not yet reflect all the growth in new lines of business and the substantial increase in assets under management, as these events mainly occurred during the final quarter of the year. The Bank should be in a position to benefit from these developments in full-year 2008, which should see robust growth in terms of both revenues and profits. |
| Key Persons |
Board of directors:
Marco J. Netzer, Chairman
Massimo Esposito, Vice-Chairman
Rubino Mensch, Vice-Chairman
Tristan Hillgarth, Director
Pierino Lardi, Director
General Management:
Alain Sierro, Chief Executive Officer
Olivier Bruttin, Senior Vice-President
Janine Belahbib, Senior Vice-President
Riccardo Pallich, Senior Vice-President |
| Site: |
http://www.banquecramer.ch |
| Contacts |
Head office:
5-7, rue du Général-Dufour CH-1204 Geneva, Switzerland
Tel +41 22 818 60 00 Fax +41 22 311 34 81
info@banquecramer.ch
Contact: Mrs Janine Pedroletti
Branch:
Succursale De Lugano Riva Caccia 1 A CH-6900 Lugano, Switzerland
Tel +41 91 986 68 68 Fax +41 91 986 68 69
info@banquecramer.ch
Contact: Mrs Cinzia Sassi |
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