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Wegelin & Co.

Logo Wegelin & Co.Wegelin & Co. is the oldest private bank in Switzerland. The Bank is a limited partnership lead by eight Managing Partners with unlimited liability, and it employs a staff of over 700 at thirteen branches throughout Switzerland. Wegelin & Co. specialises in wealth and asset management for private and institutional clients, and manages assets in excess of CHF 24 billion.

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Headquarter St. Gallen, Switzerland
Key People Dr Otto Bruderer , Dr Konrad Hummler
Website www.wegelin.ch
Head Office Museumstrasse 1
9004 St. Gallen
Phone +41 71 242 51 00
Fax +41 71 242 50 50
SWIFT (BIC) WEGECH2G
Founded in 1741
ID: 1647. Updated: 06.01.2013

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Financial News
 China Overtakes the USA as the World’s Largest ATM Market

04.04.2014 Chinese Financial News, an authoritative media of financial industry in China, released the report of Chinese ATM Market Overview 2013. Source: GRG Banking Equipment

 The Global Islamic Microfinance Forum Ready to Set New Standards

16.09.2013 The Forum will determine the Standards and strategic policies for Sustainable Islamic Microfinance Development. Source: AlHuda Centre of Islamic Banking and Economics

 New Chairman for Mediterranean Bank Network (MBN)

17.05.2013 Mr. Hassan El Basri has been elected as chairman of the Mediterranean Bank Network (MBN). Source: Mediterranean Bank Network

 Islamic banking assets to surpass $1.8 trillion globally in 2013

05.02.2013 Global Islamic banking assets are forecast to cross $1.8 trillion in 2013 up from $1.3 trillion in 2011, Ernst & Young said in its World Islamic Banking Competitiveness Report 2013. Source: zawya.com

 No more queues in front of ATMs

23.01.2013 Reduced transaction duration is an important issue for customer satisfaction and for efficient use of Banking channels, especially at ATMs. Every measure taken to fasten cash withdrawals, most widespread used ATM transaction, is beneficial to both customers and banks.

 Swiss bank Wegelin & Co. to close after US tax evasion fine

04.01.2013 Switzerland's oldest bank is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes. Wegelin & Co., which was established in 1741, has also agreed to pay $57.8 million in fines to US authorities. Source: BBC

 Banks seen shrinking for good as lay-offs near 160,000

16.11.2012 Major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one. Source: Reuters

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