Why management fees should “go south,” according to IFM CEO
Given the low interest rates, changing fiscal policy, and confusing geopolitical landscape, “it’s the toughest time in 30 years” for funds, says Brett Himbury, the CEO of Industry Funds Management. With uncertain times ahead, he says the focus should be on returns, not on high management fees.
What does it take to put on a show for 20,000 people?
Creating a show for thousands is no small feat, especially one like the Fête des Vignerons, which comes around once a generation. But Daniele Finzi Pasca, co-founder of Compagnia Finzi Pasca, has put on shows for the likes of Cirque du Soleil and the Olympics so he knows a thing or two about it.
Switzerland Travel Centre expects Chinese tourists will double in next 2-3 years
Switzerland Travel Centre, the country’s largest tour operator, projects that within the next three years the share of tourists coming from China will increase to 20 percent. In an exclusive interview with CNNMoney Switzerland, CEO Michael Maeder says, “We are getting 10 percent of the share from China this year, but we do expect it to grow.”
How does Switzerland stack up when it comes to science?
Diversity is a major asset when it comes to science and medicine in Switzerland, says Francis-Luc Perret, director of the ISREC Foundation, which supports experimental cancer research. The former EPFL professor says it furthers “new ideas, new concepts and new paradigms,” which he says has worked to the country’s advantage.
Does your job make you jump out of bed in the morning?
A new survey shows 41 percent of employees are looking to change jobs in the next year. Jean-Christophe Deslarzes, ABB’s chief HR officer, says the key to keeping employees is to remain diverse and provide them with the experiences they’re looking for, in part one of our special series with Universum.
“The world’s most important living economist” on combating inequality
Bill Clinton once called Hernando de Soto “the world’s most important living economist.” De Soto argues that the biggest problem facing inequality is the lack of property rights in developing nations. He says giving the poor property titles could unleash $168 trillion in “dead capital.”
What the Swiss can do to help stop global warming
A day after the U.N. issued its starkest warning yet of the risks of global warming, Martina Fuchs sits down with Petteri Taalas, secretary-general of the World Meteorological Organization, which contributed to the report. He says that every country, Switzerland included, needs to do more.
Success in the workplace is about trust
For Antoinette Weibel, professor at the University of St. Gallen, building trust is the key to creating a productive and profitable business environment. As she tells Ana Maria Montero, it’s a trait that is especially crucial when hiring for and remunerating leadership positions.
CNNMoney Switzerland Exclusive: LVMH will remain at Baselworld 2019
Jean-Claude Biver has announced that LVMH, along with Rolex and Patek Philippe, will remain at Baselworld in 2019, even after Swatch Group withdrew in July. “We have already decided to attend,” he says in an exclusive interview.
Martin Bloch: How “Black Monday” got me to where I am today
Martin Bloch began his career on October 19, 1987: Black Monday. “This was the steepest learning curve I ever had,” he says. Today he’s the country head for Switzerland at U.S. firm Principal Global Investors and tells Martina Fuchs how to survive the ups and downs in the asset management industry.
Temenos CEO says banks need to spend wisely on digital transformation
Banks on average spend about 17 percent on their IT systems compared to 4 percent in other industries. David Arnott, the CEO of Swiss banking software giant Temenos, tells Martina Fuchs on The Newsmaker that they need to become “digital to the core” and disentangle their legacy spaghetti systems.
Microsoft: “Data privacy is a human right, period”
The EU’s General Data Protection Regulation was the biggest overhaul of data privacy laws in 20 years. On The Newsmaker, Jean-Philippe Courtois, executive VP at Microsoft, tells Martina Fuchs that privacy is a human right. “The EU has made a big move,” he says. “As a company we have embraced that.”
Häkkinen: I am always there to help Michael Schumacher
Mika Häkkinen is a two-time F1 world champion, and in our Newsmaker interview with Hannah Wise, he talks business, why he’s helping young drivers, and why Michael Schumacher’s health is a private matter for his family—but that he will always be there for his “brilliant” former rival.
Why businesses need to tune in to voice recognition
Despite the rise of robots and AI, the human voice is back in the spotlight, according to Alexey Popov, the founder and CEO of Spitch, the Swiss speech-recognition and voice biometrics start-up. “We have to stop fighting against the voice,” he tells Martina Fuchs on The Newsmaker. “In the recent 10, 15 years, we tried to move the conversation from the natural to the artificial way …. But I believe the peak is reached.”