Jump to content

BSI Ltd: Difference between revisions

From Wikipedia, the free encyclopedia
Browse history interactively
← Previous editNext edit →
Content deleted Content added
VisualWikitext
Monkbot (talk | contribs)
Bots
3,694,069 edits
No edit summary
Line 12: Line 12:
|industry = [[Financial services]]
|industry = [[Financial services]]
|products = [[private banking]], [[investment management|asset management]]
|products = [[private banking]], [[investment management|asset management]]
|revenue = [[Swiss franc|CHF]] 863&nbsp;million <small>(2013)</small><ref name="AR2013">{{cite web|title=Annual Report 2013|url=https://www.bsibank.com/en/dms/site-bsi/docs/Brochures/Annual-Reports/Annual-Report-2013/Annual%20Report%202013.pdf|publisher=BSI|accessdate=4 December 2014}}</ref>
|revenue = [[Swiss franc|CHF]] 871&nbsp;million <small>(2014)</small><ref name="AR2014">{{cite web|title=Annual Report 2014|url=https://www.bsibank.com/en/dms/site-bsi/Download/English/Annual-reports/Annual-Report-2014/Annual%20Report%202014.pdf|publisher=BSI|accessdate=15 June 2015}}</ref>
|operating_income = CHF 196&nbsp;million <small>(2013)</small><ref name="AR2013" />
|operating_income = CHF 172&nbsp;million <small>(2014)</small><ref name="AR2014" />
|net_income = CHF -721&nbsp;million <small>(2013)</small><ref name="AR2013" />
|net_income = CHF -698&nbsp;million <small>(2014)</small><ref name="AR2014" />
|assets = CHF 24.87 billion <small>(2013)</small><ref name="AR2013" />
|assets = CHF 23.99 billion <small>(2014)</small><ref name="AR2014" />
|equity = CHF 1.72 billion <small>(2013)</small><ref name="AR2013" />
|equity = CHF 1.67 billion <small>(2014)</small><ref name="AR2014" />
|num_employees = 1,989 <small>([[full-time equivalent|FTE]], 2013)</small><ref name="AR2013" />
|client assets = CHF 92.33 billion <small>(2014)</small><ref name="AR2014" />

|num_employees = 1,928 <small>([[full-time equivalent|FTE]], 2014)</small><ref name="AR2014" />

|homepage = {{URL|https://www.bsibank.com}}
|homepage = {{URL|https://www.bsibank.com}}
|intl = yes
|intl = yes

Revision as of 13:31, 18 June 2015

Banca della Svizzera Italiana
Company typeAktiengesellschaft
IndustryFinancial services
Founded1873; 151 years ago (1873)
HeadquartersVia Magatti 2
Lugano, Switzerland
Key people
Alfredo Gysi (chairman)
Stefano Coduri (CEO)[1]
Productsprivate banking, asset management
RevenueCHF 871 million (2014)[2]
CHF 172 million (2014)[2]
CHF -698 million (2014)[2]
Total assetsCHF 23.99 billion (2014)[2]
Total equityCHF 1.67 billion (2014)[2]
Number of employees
1,928 (FTE, 2014)[2]
Websitewww.bsibank.com

BSI is the oldest bank in the Swiss canton of Ticino. Founded in 1873 in Lugano as the Banca della Svizzera Italiana, today BSI is an institution that specialises in asset management and related services for private and institutional clients. In 1998, the bank became part of the Italian Generali group, one of the world's biggest insurance companies.

In July 2014, Generali sold BSI to BTG Pactual for $1.7 billion USD,[3] a deal that CEO of the bank, André Esteves stated would make the BTG Pactual a “global player in the asset management arena.”[4][5] In October 2014, the bank announced plans to restructure 160 jobs, including about 100 lay-offs.[6]

History

In 1873 BSI opened its main office on Piazza della Riforma in Lugano. The next year, the bank opened its first branch, this in Locarno. Branches in Bellinzona (1879) and Chiasso (1906) followed. In 1880 BSI relocated its headquarters to the historic Palazzo dei Marchesi Riva, which dates back to 1747, where the headquarters of the Bank are located to this day.

History facts:

  • 1873: Banca della Svizzera Italiana is founded
  • 1881: BSI is the only bank in Ticino authorised to issue banknotes until 1907
  • 1935: BSI opens a branch office in Zurich
  • 1969: The start of international expansion
  • 1973: One hundredth anniversary of BSI. BSI opens the St.Moritz branch
  • 1975: BSI extends its reach to the French-speaking part of Switzerland.
  • 1976: BSI opens its first representation in South America, in Caracas, Venezuela.
  • 1981: Opening of the Hong Kong office.
  • 1988: BSI extends its activities to the Principality of Monaco.
  • 1998: Assicurazioni Generali, Trieste, becomes the sole shareholder
  • 2000: As of 1 January, Banca della Svizzera Italiana is officially renamed BSI SA. In November, it opened new offices in Lausanne.
  • 2005: Opens BSI Bank Ltd in Singapore
  • 2005: September - The new BSI building opens at Via Canova 6, Lugano.
  • 2006: BSI acquires Banca Unione di Credito.
  • 2008: BSI acquires Banca del Gottardo and opens a representative office in Bahrain
  • 2011: BSI expands in Asia and obtains a banking license to open a branch in Hong Kong

Product and Services

Private banking

  • Management mandate
  • Personalised mandate
  • Advisory services
  • Fund-based accumulation plans
  • BSI investment funds
  • Selection of third-party funds
  • Alternative investments
  • Structured products
  • Securities trading and currencies
  • Custodian services

Wealth management

  • Financial Planning
  • Corporate Finance
  • Lending Activities
  • BSI Art Advisory

Initiatives and Events

The dedication demonstrated by BSI to new ideas has been put into practice by promoting research, foundations, conferences, personal and collective exhibitions, publications, expositions of art and exclusive collections, prestigious concerts and a number of other endeavours. BSI is more than a patron - it vigorously promotes communication in these areas, organizing and taking part in events. The bank has always maintained its commitment to art, music and culture, with an active and constant presence at high-profile performances and exhibitions.

BSI Art Foundation

The BSI Art Foundation promotes the arts and culture in all of their forms. It organises events, exhibitions and displays in collaboration with other institutions, associations of individual artists and worldclass national museums. It publishes brochures, books and catalogues about art and artistic endeavours. The Foundation grants scholarships to talented young artists. For established artists, it sets up funds and contributes to developing the artists' potential.

BSI Gamma Foundation

Established on the 125th anniversary of BSI, the BSI Gamma Foundation promotes research in the area of asset management and cooperation between the world of research and practical applications, assigns research mandates to people or institutions with recognized experience in the sector, organises conferences and publishes the research results.

Centenario Foundation

The Centenario Foundation began in 1973 on the occasion of BSI's first one hundred years. Its scope is to bestow monetary recognition to persons or institutions which have furthered the development of Italian-Swiss relations, contributed to the betterment of understanding between the Swiss and Italian people or to the expansion of the common cultural heritage.

BSI Architectural Foundation

The BSI Architectural Foundation promotes understanding, education and research within the field of architecture, in particular by presenting a biennial architectural award, the BSI Architectural Award, the purpose of which is to recognize, and bring to public and media attention, architects who have made an important contribution to contemporary architecture and who have shown particular sensitivity to the landscape and environment.

References

  1. ^ "Corporate Governance". BSI. Retrieved 4 December 2014.
  2. ^ a b c d e f g "Annual Report 2014" (PDF). BSI. Retrieved 15 June 2015.
  3. ^ "Generali Sells Swiss Private Bank to BTG Pactual for $1.7 Billion". NYTimes.com. Retrieved 4 December 2014.
  4. ^ Bray, Chad; Dan Horch (14 July 2014). "Generali Sells Swiss Private Bank to BTG Pactual for $1.7 Billion". The New York Times. Retrieved 12 January 2015. In a conference call held to discuss the acquisition, BTG Pactual's chief executive, André Esteves, said that it was part of a plan to be a "global player in the asset management arena." The $200 billion in combined assets under management as a result of the deal was "a critical mass to continue to grow globally," he said.
  5. ^ Rutishauser, Arthur. "Die neuen Herren der BSI und ihre Vergangenheit" (in German). Sonntagszeitung. Retrieved 10 January 2015. Die Erleichterung war gross, als im Juni bekannt wurde, dass die Banca della Svizzera Italiana (BSI), die Vermögen in der Höhe von 91 Milliarden Franken verwaltet, einen neuen Besitzer hat. Er heisst BTG Pactual, kommt aus Brasilien und hat mit André Esteves einen höchst erfolgreichen Chef, der einst UBS-Angestellter war.
  6. ^ "Bank BSI baut 160 Stellen ab". tagesanzeiger.ch. Retrieved 6 December 2014.
Retrieved from "https://en.wikipedia.org/w/index.php?title=BSI_Ltd&oldid=667488220"