Institutional brochure

PKB Privatbank
PKB Privatbank
Lugano
Genève
Lausanne
Zürich
Bellinzona
Panamá
Milano
Montevideo
www.pkb.ch
PKB’s milestones
1958 Establishment of Privat Kredit Bank in Zurich
1969 Lugano branch opening
1984 Geneva branch opening
1990 Acquisition of Banque Worms & Cie (Suisse) SA, Geneva
1995 Establishment of Privat Kredit Bank Ltd. in St. John’s, Antigua (West Indies)
1998 Change of name to the current PKB Privatbank SA
2000 Transfer of registered office to Lugano
2001 Acquisition of 30% of Cassa Lombarda SpA, Milan
2004 Acquisition of Banca Monte Paschi (Suisse) SA, Lugano
2005 Purchase of an equity investment in EIH Endurance Investments Holding SA
2009 Bellinzona branch opening
2010 Acquisition of Banca Gesfid, Lugano
2012 Purchase of CMB Banque Privée (Suisse) SA
Opening of PKB Banca Privada (Panamá)
2014 Purchase (“Asset Deal”) of Liechtensteinische Landesbank (LLB),
Switzerland, Lugano branch
Purchase of Alasia Investment SA, Lausanne
Lausanne branch opening
Establishment of PKB Servizi Fiduciari SpA, Milan
Welcome
Our welcome distinguishes us:
we are a direct, sincere, fair and transparent bank.
Aware of the changes underway, we tackle them as confident players,
convinced of our own abilities. We are committed and proactive,
providing real solutions.
It is always our pleasure to meet new serious people of quality.
PKB Privatbank SA (“PKB” for short) is a Swiss banking
institution with a national and international outlook,
founded in 1958 and specialised in Private Banking.
Based in Lugano, with branches in Geneva, Lausanne,
Zurich, Bellinzona, a bank in Panama and the associated
asset management company PKB Alasia SA in Lausanne,
the PKB Group has developed with a multiethnic team
currently consisting of 270 specialists in financial advisory,
asset management, loans and financial planning.
First and foremost the Bank is engaged in Private Banking,
offering a broad range of solutions. It also provides Corporate
Banking and Capital Market services, as one of the leading
independent market makers on the primary Swiss franc bond
market.
The PKB Group manages assets totalling about 10 billion
Swiss francs.
The network
To be actors in an ever-changing world is central to PKB’s
approach. With this in mind we conduct our business in
specific territories with interesting potential.
The Trabaldo Togna family is the majority shareholder
of PKB via Compagnie de l’Occident pour la Finance et
l’Industrie SA (COFI), a company incorporated in the
Grand Duchy of Luxembourg and listed on the local stock
exchange.
The control of COFI is reflected in the values, philosophy
and corporate culture, inspired by ethics, prudence and
great attention to personal relationships with clients and
colleagues.
COFI controls 100% of PKB and 97% of Cassa Lombarda
SpA, Milan (indirectly through PKB for about 34%), a bank
founded in 1923 and specialised in private banking and asset
management. Cassa Lombarda’s headquarters are in Milan
with branches in Rome, Bergamo and Busto Arsizio.
PKB Banca Privada SA (Panamá) is a wholly owned
subsidiary in charge of better serving the Latin American
market together with PKB Consultoria SA in Montevideo
(Uruguay), also 100% owned.
Noteworthy is also the holding in Rasini Fairway Capital,
London, a company specialised in the selection of alternative
funds.
PKB IS A PARTNER OF THE MUSÉE DE L’ELYSÉE, LAUSANNE.
ONE OF THE FIRST EUROPEAN MUSEUMS SOLELY DEDICATED TO PHOTOGRAPHY, FROM ITS BEGINNINGS TO CONTEMPORARY PHOTOGRAPHY.
PKB SUPPORTS ART IN ALL ITS FORMS.
A bank that listens and is quick to act
Services and assistance
We owe our long-lasting success to the strong belief that customer
relationships must be unique, personal and customised. This is
the true mandate that links us to each customer, which we carry
out day after day.
Our philosophy is to be as competent as the large banks
and to provide a dynamic array of services. We believe in
communicating with our customers and getting to know
one another. These values have certainly been the key to our
success over time. Taking time to understand, analyse and act:
a simple but challenging recipe that we seek to apply.
Knowing our customers means establishing an accurate
profile defining their propensity to invest, the level of risk
they can and are willing to assume, retirement or inheritancerelated issues, as well as the financial charges to be incurred as
an individual or a company.
Our operating method
You could call it “style”, but for us it is simply the natural way of
working every day. It is our professional culture.
“Swiss Private Banking” is the code of conduct that makes
us stand out: discretion, professionalism and protection of
privacy are ingrained in our culture.
Our attention is focused on meeting our customers’ real
requirements. Contacting us means receiving a fast and
professional response.
A question of style: each customer is assigned to a senior
advisor, regardless of the amount of their assets. Supporting
the advisor is a skilled and reactive team of professionals
proposing the most apt solutions for each client, in every
circumstance.
We are agile and organized to ensure fast response times. The
acquisition of new products, market information, advice, the
granting of loans, are all dealt with quickly and efficiently.
THE PARTNERSHIP WITH THE MUSÉE DE L’ELYSÉE SHOWS ITS COMMITMENT AND DEDICATION.
The art of Private Banking
It is all about you
“Tailor-made advice” has become a common expression. For
PKB’s shareholders, management and staff, offering it every
day is their real objective. At PKB we pursue it persistently and
meticulously. This is our way.
Individuals, families, entrepreneurs and professionals can all
count on our in-depth analysis of their expectations. 50 years
of experience have given us such advantage and competency.
This analysis is the core of our approach, which is both global
and made-to-measure, assisting us in pursuing the objective
of finding a specific solution to every need, at every stage of
our client’s wealth, be it formation, growth or consolidation.
Our advisors coordinate all the elements required to guide
the customers towards optimising their interests: analysing
objectives, understanding the financial and family situation,
checking the risk appetite.
Customer meetings are essential for us and we dedicate to
them all the necessary time: to analyse the effectiveness of
past decisions, assess new ones, make adjustments and new
considerations. However, more than anything else, this time
is useful to build and reinforce the personal relationship
between the advisor and the client.
ART IS AN INTEGRAL PART OF PKB’S PHILOSOPHY.
FOR THIS REASON,
T H E PA RT N E R S H I P W I T H T H E M U S É E D E L’ E LY S É E W I L L C O N T I N U E TO B E A C O M M I T M E N T FO R P K B I N T H E F U T U R E .
Asset management
An almost magical and often heard expression that is actually
the “core” of our business, the area in which we always give our
best.
Asset management demands all the expertise of a qualified
and closely-knit team of professionals. The asset management
mandate implies for the bank to select investments with the
aim of optimising the risks and returns of portfolios, in the
context of a shared strategy.
Over the last two decades, the globalisation of the world
economy, technological innovation and the multiplication
of financial instruments have revolutionised the markets,
widening the spectrum of investment opportunities while
also increasing the risks for the investor.
A growing number of investors have turned to discretionary
asset management services, which have a host of benefits.
PKB’s team of specialists boasts an impressive range of
economic and financial competences. This means unusually
broad and quick decisions: starting from an analysis of
the situation of the global economy moving progressively
towards the selection of asset classes, currencies and
individual investment vehicles.
Our specialists know how to swiftly react to economic shocks
or unexpected trends. They have the ability to understand
and analyse the various markets and complex financial instruments, thus broadening the investment opportunities, and
structure portfolios optimising the return/risk profile. PKB’s
staff thrive on the work, the customers and the challenges.
A team built over time, honed in the field.
Fund-based asset management
An alternative to traditional asset management. It follows a
different process that starts from selecting the best managers
all the way to structuring the portfolios. It requires what we
call an “open architecture” on part of the bank.
Using quantitative and qualitative analysis methods,
PKB’s specialists examine a vast array of investment funds
diversified by asset class and geographic area. The analysis
leads to the selection of the “best of the best” investment
funds, which are then used to structure the managed
portfolios. These are both traditional funds invested in
individual asset classes or business sectors, and alternative
funds, spread over different investment strategies.
Assistance in tax and estate planning
Offered particularly to Swiss customers, this type of consultancy allows for careful planning geared towards ensuring a
durable transmission and protection of family wealth, in full
compliance with the legislation of the country of origin and/
or residence.
Advisory
For customers who wish to personally manage their assets,
our advisor offer support in the decision-making process
regarding investments. They can draw upon the know-how
of our asset management and investment funds specialists.
Loans
PKB also offers, as a complement to its services for private
clients, credit facilities and in particular Lombard credits and
mortgage loans.
THE MUSEUM IS HOUSED IN A MANSION
BUILT BETWEEN 1780 AND 1783 BY THE ARCHITECT ABRAHAM FRAISSE. THE COLLECTIONS INCLUDE AROUND 100,000 ORIGINAL PHOTOGRAPHIC PRINTS.
T H E M U S É E D E L’ E LY S É E O R G A N I S E S F O U R M A I N E X H I B I T I O N S A Y E A R , AT T R A C T I N G A N AV E R A G E O F 8 0 , 0 0 0 V I S I T O R S .
Corporate Banking
A partner for businesses
To be a partner for entrepreneurs, understanding their
language and methods, listening to their choices and visions,
proposing solution and opportunities. This is PKB’s approach
to the world of Corporate Banking.
The Corporate Banking division is quality partner for PKB’s
business customers, as an expert in specific and dedicated
financial solutions for their businesses.
AND BOASTS AN INTERNATIONAL REPUTATION.
Corporate services and assistance
The PKB Corporate Banking division is available to meet
typical corporate needs such as:
- treasury and investment management,
-commercial and mortgages loans on properties in
Switzerland,
-international payments,
-foreign exchange
as well as more specific requirements such as:
-international commerce through its trade finance
department (e.g. receipt and issuance of letters of credit
and guarantees, “commodity finance” and “back-to-back” transactions)
-consultancy and management of currencies or interest rates risks
PKB Capital Markets and Foreign Exchange
Being selected by leading institutions and companies shows the
overall trust and respect for PKB.
Pension funds, investment funds, insurance companies,
cantonal and federal authorities and major Swiss banking
establishments have had privileged relationships with PKB’s
Capital Market service for more than 20 years.
Valuable assistance
High quality assistance in various fields and tailor-made
advice: this is what PKB, one of the leading dealers on the
primary Swiss franc bond market, offers to its institutional
clientele. Thanks to our team of specialists and substantial
investments in technology, we can define investment
strategies and trade new Swiss franc bond issues.
For our private and institutional customers we are active on
the financial and foreign exchange markets: executing orders,
subscribing and purchasing investment funds, buying and
selling shares listed on various international stock exchanges,
and also trading in options, futures and other derivative
products.
PKB’s presence on these markets ensures a precise management for our clients of currency and interest rate risks,
through long or short hedging positions, precious metals
trading and structured transactions.
IN COOPERATION WITH THE MUSÉE DE L’ELYSÉE
P K B I S A C T I V E LY I N V O LV E D I N C H O O S I N G O N E E X H I B I T I O N E A C H Y E A R .
P K B I S T H E M A I N PA R T N E R O F O N E O F T H E M O S T A M B I T I O U S E X H I B I T I O N S AT T H E
The partner for independence
Independent asset managers often choose PKB, knowing they
are in the hands of professionals with a long-term vision and a
great respect for their competence and role.
Independent asset managers can find in PKB a serious
partner for the custody of their client’s assets.
Available tools and avice
Independent External Managers benefit from all of PKB’s
experience and services with the aim of facilitating the
growth of their competitiveness and protecting their activity
in an ever more complex environment.
MUSÉE DE L’ELYSÉE:
« PHILIPPE HALSMAN - ETONNEZ-MOI ! »
Specifically we offer support in market analysis, the search
and selection of investments, consultancy on legal and
administrative issues, the execution of stock market orders
and transactions in foreign exchange and derivatives, the
setting-up of structured products.
Remote and safe access is a service offered by the bank to the
Independent Asset Managers and is an indispensable and
useful tool preceding e-banking. Managers may access the
accounts that they manage, make printouts and check on-line
the execution of transactions.
H A L S M A N I S A N E C L E C T I C A R T I S T, F A M O U S F O R H I S 1 0 1 C O V E R S O F “ L I F E ” M A G A Z I N E
AND HIS WORK WITH SALVADOR DALÍ.
THE SHOW INCLUDES ORIGINAL EDITIONS, CONTACT SHEETS
Art and PKB
Being a bank means living in the present, gladly learning
from and being inspired by the past, ready to embrace and
understand the future.
PKB is attuned to art in general, also firmly convinced of its
value for investment purposes. A part of its own resources
has been allocated to acquiring antique, modern and contemporary works of art, forming a private collection, worthy of
the interest of the experts.
The PKB collection, growing each year, includes paintings by
the 15th century Lombard school and works by modern and
contemporary artists from across of the world.
Over the years we have developed a global art network which
is available to our clientele.
AND SKETCHES.
MORE THAN 300 WORKS IN TOTAL.
In particular PKB identifies and proposes the most
appropriate specialists for appraising and valuing ancient
and modern works of art, participates in purchases or sales at
auctions with a guarantee of absolute confidentiality and
selects the best intermediaries for buying and selling works
on the international market.
We believe that it is important to possess an adequate passion
for “the beautiful” and the “the artistic”. Even when it
challenge us with unexpected question marks and sensations.
Art can be surprising. Such as the present times that hold a
host of surprises for us.
T H E E X H I B I T I O N R E V E A L S H A L S M A N ’ S C R E AT I V E P R O C E S S , F R O M H I S D E B U T I N PA R I S ( 1 9 3 0 ) TO T H E S U C C E S S O F H I S N E W Y O R K S T U D I O .
MUSÉE DE L’ELYSÉE, LAUSANNE.
PKB Privatbank
Lugano
Genève
Lausanne
Zürich
Bellinzona
Panamá
Milano
Montevideo
www.pkb.ch
Headquarters
Branches
PKB Privatbank sa
Via S. Balestra 1
CH 6901 Lugano
Tel.+41 (0)91 913 35 35
Fax +41 (0)91 923 35 22
PKB Privatbank sa
Rue Charles-Galland 12
CH 1206 Genève
Tel.+41 (0)22 346 91 55
Fax +41 (0)22 346 42 56
PKB Privatbank sa
Place Saint-François 7
CH 1003 Lausanne
Tel.+41 (0)21 343 36 36
Fax +41 (0)21 343 36 99
PKB Privatbank ag
Tödistrasse 47
CH 8002 Zürich
Tel.+41 (0)44 204 34 34
Fax +41 (0)44 204 34 35
PKB Privatbank sa
Viale Stazione 4
CH 6500 Bellinzona
Tel.+41 (0)91 874 33 33
Fax +41 (0)91 874 33 44
PKB Alasia sa
Place Saint-François 7
CH 1003 Lausanne
Tel.+41 (0)21 321 15 55
Fax +41 (0)21 321 15 59
Cassa Lombarda spa
Via Manzoni 14
IT-20121 Milano
Tel.+39 02 77 99 1
Fax +39 02 77 99 210
PKB Servizi Fiduciari spa
Via A. Manzoni 12/14
IT-20121 Milano
Tel.+39 02 76 02 41 58
Planetarium PKB
Consultoria sa
Rivera 6329, of 102
11500 Montevideo
Uruguay
Tel.+5982 601 69 46
Fax +5982 601 69 46
Affiliates
PKB Banca Privada (Panamá) sa
P.H. Tower Financial Center
(Towerbank), Piso 49
Calle 50
Ciudad de Panamá
República de Panamá
Tel.+507 294 07 00
Fax +507 294 07 70
CO NC EPT A ND DESI G N: H U M U S B R A N D C ULT U R E
PHOTOG RA PHY: © ENRI CO CA N O
TEX TS: PAO LO SPA L LU TO
PRI NTI NG : FO NTEG RA F I CA S R L
« PHI L I PPE HA L SM A N, E TO N N E Z -M O I ! »
29 JA NU A RY - 11 M AY 20 1 4
M U SÉE DE L’ ELY SÉE, L A US A N N E