BSCC – 95 YEARBOOK

95 YEARS WHERE TRADITION INSPIRES CHANGE 1

Lasting relationships are more rewarding We are honoured to be part of the 95th Anniversary celebrations of the British-Swiss Chamber of Commerce.

We congratulate you on this special anniversary. www.deloitte.ch

Audit. Tax. Consulting. Corporate Finance. Š 2014 Deloitte AG. All rights reserved.

Anniversary Book

FOLLOW US! WWW.BSCC.CO.UK /95  #95YEARSBSCC

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Until we look at it from every angle.

Bringing a vision to life takes time.

Because creating something special doesn’t happen over night.

It needs to be nurtured.

To grow.

And evolve.

At UBS, it’s our vision to create real relationships.

Strong, open and ultimately long-lasting relationships.

Yes, we offer investment solutions that are tailor-made to meet your needs.

And we can put the expertise and resources of a truly integrated, global firm at your disposal.

But what really matters is our connection with our client.

Our relationship with you.

www.ubs.com © UBS 2014. All rights reserved.

Index

CONTENT

Message from the President.......................................................................... 7 Message from the Managing Director...........................................................9 About the BSCC........................................................................................... 10 Member Focus............................................................................................. 16 Interview with the BSCC Honorary Presidents.......................................... 18 Who is Who................................................................................................. 21 Article: 150 Years of a British-Swiss Love Affair........................................ 32 Looking Back & Ahead................................................................................36 Article: Challenges and Opportunities for Switzerland as a Financial Centre...................................................................................40 Article: Switzerland and the UK facing the European Union.....................44 British-Swiss Business: Facts & Figures.....................................................48 BSCC Event Highlights ...............................................................................58 Article: The UK and Switzerland: Leading Innovation in the Healthcare Life Sciences.......................................................................64 BSCC Strategic Partners.............................................................................68 Article: Time to face Digital with Clockwork Precision.............................. 70 Article: London – the Fintech Capital of Europe........................................ 74 BSCC Members Directory............................................................................ 76 The Views of our Members ........................................................................89

Publisher: The British-Swiss Chamber of Commerce Concept, Production & Editorial Management: Viviane Grobet Editors: Magalie Chelius, Res Nobs Design, Layout & Infographics: on-IDLE, Marc Peter, Yasseen Faik, www.on-idle.com Print: W. Gassmann AG Pictures: point-of-views.ch, howardbrundrett.net Front cover picture: London on View Published: January 2015 5

Spitzmarke Introduction

MESSAGE FROM THE PRESIDENT Dear Members and Supporters of the BSCC The Chamber’s foundation goes back to the end of the first period of globalisation, which followed the trauma of WW1. Today we are witnessing the end of the second period of globalisation in the wake of the recent financial and economic crisis. These represent moments of deep-seated upheavals but also of considerable opportunities. They affect our economic and social fabric at all levels. Tensions are on the rise as important parts of the old North refuse to accept the inevitable adjustments. At our latitudes, business is torn between exhausted traditional markets and the extraordinary potential of unleashed innovation.

The trajectory of an institution such as ours does not differ fundamentally from the evolution and the development of its stakeholders. The constant changes over the period are not limited to business-related issues but affect the wider political landscape. This is particularly true in the case of this continent where post-WW2 political and economic integration has led to an unprecedented configuration, the EU. However, even the latter is struggling in the face of the huge external challenges and the differing perceptions and priorities of its members.

What makes us stand out is our shared belief in liberal economic values as well as globally free and continentally integrated markets. We look back proudly to what has been achieved and look forward deeply convinced that we will continue to adjust our mission in the best interest of our members.

“

THE TRAJECTORY OF AN INSTITUTION SUCH AS OURS DOES NOT DIFFER FUNDAMENTALLY FROM THE EVOLUTION AND THE DEVELOPMENT OF ITS STAKEHOLDERS ”

Alexis P. Lautenberg

President of the British-Swiss Chamber of Commerce

Alexis P. Lautenberg at the Annual General Meeting 2014

7  point-of-views.ch

Julia reneur p e r t n e g n u ation: Yo My occup future e h t e r u c e : To s My dream usiness b y il m a f of our aer, B s u i l u J r: h manage My wealt novative n i r i e h t because approach opens t investmen s new door :

My name

The leading Swiss private banking group. Since 1890. www.juliusbaer.com Julius Baer is present in over 40 locations worldwide. From Guernsey, London, Dubai, Frankfurt, Geneva, Hong Kong, Milan, Monaco, Montevideo, Moscow, Nassau, Shanghai, Singapore to Zurich (head office). Issued by Bank Julius Baer & Co. Ltd.

Introduction

Magalie Chelius at the Annual General Meeting 2014

‘OUR MEMBERSHIP AND HISTORY HAVE BEEN THE SOURCE OF INSPIRATION FOR THE 2015 CAMPAIGN: WHERE TRADITION INSPIRES CHANGE’

 point-of-views.ch

MESSAGE FROM THE MANAGING DIRECTOR Dear Members and Supporters of the BSCC I am delighted to introduce you to the BSCC 95th Anniversary Book and 2015 Campaign ‘Where tradition inspires change’. For the British-Swiss Chamber of Commerce it is a real pleasure to be celebrating 95 years of strengthening British-Swiss business relationships. This wonderful occasion allows us to look back on the achievements of the past and forward to the excellent opportunities ahead. In a fast-moving business world, the BSCC has a duty to adapt and adjust to remain relevant to its members and ensure sustainable growth.

Day after day, our members have to answer critical questions to remain competitive and leaders in their fields. Some of the most salient issues include: ‘How to embrace new technologies and regulations?’, ‘How to evolve while staying truthful to your values?’ and ‘How to anticipate the risks, challenges and opportunities of tomorrow?’ The BSCC is also looking to respond to these questions by becoming more innovative and creative, while maintaining a strong link to its heritage and long tradition.

Our membership and history have been the source of inspiration for the 2015 Campaign: ‘Where tradition inspires change’. It is the perfect occasion to engage with you, our members, and invite you to share your views on how tradition is inspiring change in your own company.

The BSCC looks forward to inviting you to a series of events to celebrate the anniversary throughout 2015. This will offer you even more opportunities to network, promote, lead and influence the bilateral agenda. Join us in celebrating a long tradition and the future of British-Swiss business!

I hope you will enjoy reading the Anniversary Book and look forward to hearing about your success stories!

Magalie Chelius

Managing Director of the British-Swiss Chamber of Commerce

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About the BSCC

WHO WE ARE The British-Swiss Chamber of Commerce (BSCC) is an independent not-for-profit organisation dedicated to supporting its 650-plus Members and promoting business relations between Switzerland, Liechtenstein and the UK. The BSCC provides an ideal network and platform for business people to facilitate dialogue and change.

The BSCC aims to be recognised as the Voice of British-Swiss Business and as an organisation that puts the needs and interests of its members at the core of everything it does.

The BSCC has been honoured with several awards, most recently with the COBCOE Digital Communications Award 2014.

BSCC MEMBERS – AN OVERVIEW

by Geography

by Membership Type

Zurich Geneva  UK  Other

by Industry

Sustaining/Large Corporate  Small Business  Micro Business  Individual

Professional Services Financials  Travel & Tourism  Education  Industrials  Technology  Life Science  Consumer Goods













THE BSCC IN FACTS & FIGURES ENGAGED AND DYNAMIC BUSINESS COMMUNITY

BSCC EVENTS PROGRAMME 2014

BSCC ANNUAL SATISFACTION SURVEY 2014*

 682

 Over

 86%

Members

 39

Councillors

 58

 75

Volunteers

 High

 8

Chapters across Switzerland and the UK

10

100 events

attendees on average profile speakers

 Relevant  Public

themes

Affairs Dinners

would recommend BSCC membership to a colleague

 81%

are satisfied or very satisfied with BSCC events

* 139 respondents

 howardbrundrett.net

WHAT WE DO ENABLE

 Foster debate and exchange on topics of bilateral interest  Facilitate discussion with experts on industry-specific topics  Promote economic development and foster partnerships with synergetic organisations  Support Members’ growth and celebrate their success

CONNECT

 Provide relevant business networking opportunities  Bring people from different horizons together  Encourage dialogue between Members, Parliamentarians and the broader business world

INFORM

 Inform Members on relevant news affecting the British-Swiss business environment  Further the understanding of political and economic issues of bilateral interest  Provide an analytical perspective on European matters affecting both countries

WHAT WE OFFER The BSCC provides a professional environment for business people who wish to become a part of the British-Swiss business community.

NETWORK  Gain

access to BSCC, partner and member organised events

 Expand

your network in Switzerland and the UK

 Build

valuable business relationships at all levels: (cross-) functional, sectorial, cross-industry

 Meet

peers with similar interests

BSCC membership offers the perfect platform to support your strategy every step of the way:

PROMOTE  Raise

your company’s profile within the British-Swiss business community through BSCC events, website and eNewsletter

 Locate

potential clients, business partners and suppliers

 Use

BSCC events as a neutral platform to entertain clients

LEAD to highlevel discussions on topical and relevant matters

INFLUENCE

 Contribute

 Approach

 Exchange

 Benefit

with well-known and experienced business practitioners across many industries

 Take

part in industry group discussions on specific and current industry topics

decisionmakers via a respected, neutral platform from personal introductions to relevant business leaders

 Shape

the agenda on bilateral issues at exclusive dinners with business and political leaders

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About the BSCC

BSCC PATRONS The support of Patrons is invaluable to the BSCC. Since 2006, we have worked with a group of selected companies who are willing to support the BSCC’s aims and activities. We are very grateful for the additional support provided by Patron and Platinum Patron companies, which enables further development and promotion of British-Swiss bilateral interests and prosperity.

“

EY IS VERY HAPPY ABOUT ITS FRUITFUL COOPERATION WITH THE BSCC WHICH STRONGLY CONTRIBUTES TO IN-DEPTH BUSINESS RELATIONSHIPS ”

PLATINUM PATRONS

ab PATRONS

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About the BSCC

BSCC EVENTS Our rich and varied events programme reflects the interests of our members and appeals to a cross section of industries and a range of company sizes. Events are held in a variety of formats; an overview is listed below.

Networking events present an opportunity for members to meet, exchange ideas and make new business contacts.

Behind the Scenes events provide members access to exclusive places normally not open to the public.

Meet events provide an opportunity for members to meet and listen to an inspirational high profile speaker such as a business or political leader.

Insights events provide members with the opportunity to learn from experienced business practitioners on a specific topic or industry.

Perspectives events bring different opinions and views together. These events are mostly panel discussions on ÂŤhotÂť topics.

British-Swiss Flair events bring members together to share British or Swiss traditions and customs.

Invitation Only events are mostly private dinner occasions and very exclusive, with high profile speakers and a selective audience.

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About the BSCC

BSCC SPONSORS The BSCC’s annual sponsors support the general events programme of a BSCC chapter or a BSCC event series.

“

Our association with the BSCC and sponsorship of the Geneva Chapter has been invaluable in establishing our brand in this dynamic and challenging environment ” Neil Archer, Director, Knight Frank Switzerland

ANNUAL SPONSORS ACROSS SWITZERLAND

P E R I T U S I N V E S T M E N T C O N S U LTA N C Y

WOULD YOU LIKE TO SPONSOR AN EVENT OR BECOME AN ANNUAL SPONSOR? PLEASE CONTACT US! 15

Member Focus

HOW DOES TRADITION INSPIRE CHANGE IN YOUR COMPANY? Our membership and history have been the source of inspiration for our Anniversary Campaign: Where tradition inspires change. As part of our celebrations we would like to invite our members to share their views on how tradition inspires change in their companies. We hope you enjoy the first selection of inspiring success stories.

JULIUS BAER: INSPIRED BY A RICH SWISS HERITAGE Tradition has always played a vital role for Julius Baer. Founded in 1890, the bank is deeply rooted in traditional values which have shaped our business over the last 125 years. We believe in principles like trust, reliability and responsibility, many of which are typical Swiss and crucial for our business: when you entrust your capital to a bank, you want to be sure that it is in the best hands. However, Julius Baer also constantly reflects on the meaning of these timeless values for our business in today’s modern world, using them as inspiration for adapting the bank to a dynamically changing environment. For example, we have recently become signee of the Principles of Responsible Investment Initiative, systematically applying its principles to our investment offering to ensure that it is socially and ecologically responsible. In this way, we are at the same time at the forefront of our industry and remain true to our traditional values.

WOULD YOU LIKE TO SHARE YOUR STORY ON HOW TRADITION INSPIRES CHANGE IN YOUR COMPANY? PLEASE CONTACT US! 16

NESTLÉ: ADAPTING TO AN EVERCHANGING ENVIRONMENT Nestlé – since its beginnings nearly 150 years ago and over its long development from a small town operation to the world’s leading Nutrition, Health and Wellness company – has demonstrated an exceptional capability to adapt to an ever-changing external environment. We are building our business on the fundamental principle that to have longterm success for our shareholders, we have to create significant value for society at the same time. At Nestlé we call this Creating Shared Value.

Although our company has evolved significantly over the years, the core values and principles that have guided our journey have remained the same.

They are based on respect; respect for the employee, the environment, the next generation, for other cultures and other points of view.

It is this tradition of respect and constantly challenging ourselves to innovate, seeking continuous improvement towards excellence as a way of working, that drives our way forward.

As the airline of Switzerland, SWISS embodies the country’s traditional values of efficiency, comfort and hospitality and is committed to delivering the highest product and service quality both on ground and in the air.

We want to treat every guest, every project and every process in a Swiss way – making it a Swiss story for everyone involved. Our attitude is based on a set of core values which are strongly related to and rooted in the global image of Switzerland. Being authentic as individuals and as an airline means we strike the right balance between modesty and confidence.

SWISS consistently strives to be closer to its customers and to provide them with the best possible personal experience. For example, customer feedback is always personalised and our service concept – SWISS Taste of Switzerland – allows guests to sample culinary specialities from our country’s cantons.

SWISS INTERNATIONAL AIR LINES: ROOTED IN THE GLOBAL IMAGE OF SWITZERLAND 17

Interview

INTERVIEW WITH THE BSCC HONORARY PRESIDENTS HE Dominik Furgler, Swiss Ambassador to the United Kingdom, and HE David Moran, British Ambassador to Switzerland & Liechtenstein, are both Honorary Presidents of the BSCC. We asked them how diplomacy is evolving and how they feel tradition inspires change in their environment.

How has your diplomatic work changed over the past years and how do you picture the future of diplomacy for Switzerland?

In your opinion, how does tradition inspire change in the United Kingdom?

Over the past years many have predicted that diplomatic work would soon no longer be necessary given the new technologies of communication, ease of travel, and the many new sources of information and analysis. The contrary is true in my opinion: it will become even more important, and there will be many more changes to come.

In a globalised world of constant and rapid change, tradition seems to gain in importance whether in Switzerland or in the United Kingdom. People need stable ground, roots, feelings of identity and points of orientation to be able to cope with the manifold challenges and the constant pace they are confronted with. Cherishing old traditions and reviving forgotten customs gives them stability, security and the sense of identity needed not only to tackle but also to initiate the necessary change. Tradition and change are therefore more inter-related than we might think at first sight.

Public diplomacy (something unheard of when I started my career) – promoting our country by presenting its strengths and diversity and exposing it to a free, sometimes even critical exchange of views – will become even more important as will networking and concrete partnership with a multitude of actors (countries, NGOs, private business etc.) on a multitude of topics.

The days of “the best (Swiss) foreign policy is no foreign policy” are gone – nowadays the Swiss expect their diplomacy to actively defend their interests and be answerable to them. This will keep us busy, and rightly so.

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HE Dominik Furgler was appointed as Swiss Ambassador to the United Kingdom in July 2013. He joined the Federal Department of Foreign Affairs in 1985. Most recently, he served as President of the Diplomatic Admission Commission and Ambassador to Egypt.

HE David Moran took up his appointment as British Ambassador to Switzerland & Liechtenstein in January 2014. He joined the Foreign & Commonwealth Office in 1985 and has previously served as Ambassador to Kazakhstan, Uzbekistan, and (non-resident) the Kyrgyz Republic.

 andaleeblilley.ch

How has your diplomatic work changed over the past years and how do you picture the future of diplomacy for the United Kingdom?

In your opinion, how does tradition inspire change in Switzerland?

Diplomacy has always adapted to changing circumstances, but the last thirty years have seen many discoveries, challenges and opportunities.

The discoveries include the IT revolution, which has transformed our ability to inform and influence instantly. My career began in Africa, using telex machines. Decisions took time. Today young diplomats send electronically draft speeches and policy advice directly to the Minister’s office.

Tradition inspires change in Switzerland in many ways. Change has itself become a tradition, with the national drive for innovation. Pragmatism, tolerance and neutrality have contributed to a unique foreign policy niche. And direct democracy ensures that the popular will is regularly heard.

Increasingly, diplomats focus on cross-cutting issues such as climate change, cyber security and pandemics.

There are also many new opportunities. Economic liberalisation, trade and aid helped to lift millions out of poverty. Emerging markets became new sources of growth and prosperity. Diplomats have worked hard to develop new governance arrangements, often alongside civil society partners.

The BSCC’s 95th Anniversary is an impressive achievement, and a testament to its strength and value. I have thoroughly enjoyed attending and speaking at BSCC events in 2014, and look forward to celebrating the Anniversary at future events around Switzerland.

Trade and investment promotion is at the heart of UK diplomatic work. The Foreign Office brought in £5 billion for Britain in the first quarter of this year alone. The UK remains committed to an active foreign policy based on democratic values and open markets, advancing British political and commercial interests.

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Inspiring Change Nestlé – since its beginnings nearly 150 years ago and over its long development from a small town operation to the world’s leading Nutrition, Health and Wellness company – has demonstrated an exceptional capability to adapt to an ever-changing external environment. We are building our business on the fundamental principle that to have long-term success for our shareholders, we have to create significant value for society at the same time. At Nestlé we call this Creating Shared Value.

Although our company has evolved significantly over the years, the core values and principles that have guided our journey have remained the same.

They are based on respect; respect for the employee, the environment, the next generation, for other cultures and other points of view.

It is this tradition of respect and constantly challenging ourselves to innovate, seeking continuous improvement towards excellence as a way of working, that drives our way forward.

Who is Who

BSCC TEAM The BSCC Team is made up of 113 individuals in Switzerland and the UK, of whom 105 support the BSCC on a voluntarily basis.

Most of our volunteers are representatives of member companies, reflecting the different business sizes, industries and locations which make up our membership. Our volunteers are active in the Council, Executive Board, Chapter Committees, Public Affairs Commission and Task Force Europe.

Governance An elected President and a Managing Director head up the organisation. Both the Swiss Ambassador in London and the British Ambassador in Berne are Honorary Presidents. The Council is the governing body of the Chamber and appoints an Executive Board to oversee operational matters and drive the strategy of the BSCC.

 point-of-views.ch

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Who is Who

COUNCIL Our Council, the governing body of the BSCC, is comprised of volunteer representatives from over 30 member organisations.

HONORARY PRESIDENTS

HE David Moran

HE Dominik Furgler

British Ambassador to Switzerland & Liechtenstein British Embassy, Berne

Swiss Ambassador to the United Kingdom Swiss Embassy, London

OFFICERS OF THE CHAMBER

Alexis P. Lautenberg

Peter Coats

President Senior Adviser, Steptoe & Johnson LLP, Brussels

Honorary Treasurer Partner, EY, Zurich

HONORARY COUNCILLORS Edgar C. Britschgi

Hans J. Halbheer CBE Zollikon

Principal, Howard Rosen Solicitors, Zug

Jean Pierre Cuoni

Bryan Jeeves CMG OBE

Montague W. Style OBE

Chairman EFG International, Zurich

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Howard Rosen CBE

Managing Partner Combo Management AG Zurich

Chairman Jeeves Group, Schaan

Principal, Style Project Partners GmbH, Basel

COUNCIL MEMBERS Richard Arnold

Daniel Gerber

François Nordmann

Roger N. Balsiger

Dr. Ariel Sergio Goekmen

John Ramsay

Prof. Iain Begg

Dr. Steve Hottiger

Director Château Fiduciaire SA Geneva

Managing Partner RNB Consulting GmbH Kilchberg

Europe Institute London School of Economics London

Shirley Beglinger

UK Chapter Chair Director, Shires Partnership London

Rosalind Booth

Zurich Chapter Chair Director, HSBC Private Bank Zurich

Dr. René Buholzer

Head of Private Banking EFG Private Bank Ltd. London

CEO Kaiser Partner Privatbank AG Liechtenstein

Managing Director, Head Group Governmental Affairs UBS AG, Zurich

Paul Hunter

Director Corporate Learning Network IMD, Lausanne

Prof. Dr. Andreas Kellerhals Director Europa Institut University of Zurich, Zurich

Reinier Labadie

Consultant, Fribourg Former Ambassador of Switzerland to the UK

Chief Financial Officer Syngenta, Basel

David Rennie

Vice President ZEUR Nestlé AG, Vevey

Dr. Haig Simonian Journalist, Zurich

Gary Steel

Former Member of the Executive Committee ABB Group, Zurich

Head Public Policy & Sustainability Affairs Credit Suisse AG, Zurich Councillor as of BSCC AGM 2015

Chairman of the BSCC Public Affairs Commission Executive Director, EY, Zurich and Lausanne

Christian Stiefel

Anthony Conway-Fell

Christine MacQueen

Marlene Uetz

Geneva Chapter Chair Chairman, Valcourt SA, Geneva

Dr. Markus Dennler

Director Corporate Affairs SICPA (UK) Ltd., West Sussex

David Mathers

Senior Advisor ad personam Chairman Allianz Suisse, Zurich

Group CFO Credit Suisse Group AG, Zurich Councillor until BSCC AGM 2015

HE Fabrice Filliez

Duncan Munro

Ambassador State Secretariat for International Finance, Berne

Managing Director Lombard Odier & Cie SA Geneva

CEO SwissHoldings, Berne

Commercial Director I.J. Martin & Co Ltd., Zurich

Dominic Voisin

Founder & Managing Director Thallo Capital Sàrl, Geneva

Silvia von Ballmoos

Chairman and CEO Silvia von Ballmoos Communications AG, Frauenfeld

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Better connected Being a Partnership allows us to put our clients first, we focus on giving them the best advice and putting long term relationships before short term wins. Trust and integrity are everything.

Based in Geneva but offering services across the Swiss region, our Occupier Services team offer a broad range of professional services related to the full life-cycle of the real-estate investment.

For further details please contact: Neil Archer MRICS neil.archer@knightfrank.com

Who is Who

EXECUTIVE BOARD The Executive Board oversees operational matters and drives the Chamber’s overall strategy.

MEMBERS OF THE EXECUTIVE BOARD

“

“

“

These are exciting times for the BSCC. I see a lot of potential in expanding our activities to new sectors and developing partnerships with like-minded organisations, offering new opportunities for current and future members

The implementation of the 2015-17 strategy provides the BSCC with an excellent platform to further adapt to changing needs while building on the volunteer spirit that has driven us for 95 years

The BSCC has always moved with the times, and it is great at stepping up to support our members as new challenges and opportunities open up. We will still be doing it for many years to come

MAGALIE CHELIUS

PETER COATS

SHIRLEY BEGLINGER

Honorary Treasurer of the BSCC Partner, EY

”

Managing Director of the BSCC

“

“

”

”

UK Chapter Chair Director, Shires Partnership

“

95 years, spanning two centuries and unprecedented change in modern history, is a remarkable achievement, particularly for an institution that relies on volunteers. Change will continue and I have no doubt that the Chamber will thrive on it

The development of the Chamber is due to the members in the Chapters.

The Council, Executive Board and Chapter Committees are working together to make our offer to members as attractive as possible

In my 12 years with the BSCC, the Chamber has evolved to a true Voice of British-Swiss business, representing multiple sectors and covering a broad spectrum of business and political topics relevant to our members

ROSALIND BOOTH

ANTHONY CONWAY-FELL

REINIER H. LABADIE

Geneva Chapter Chair Chairman, Valcourt SA

Public Affairs Commission Chair Executive Director, EY

Zurich Chapter Chair Director, HSBC Private Bank

”

”

”

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Who is Who

CHAPTERS Represented by geographically defined chapters, the BSCC is active in Basel, Berne, Central Switzerland, Geneva, Liechtenstein, Ticino, Zurich and the UK. The chapter representatives support our members in many ways, including the provision of a diverse programme of events, networking opportunities and valuable business insights to the region.

BASEL CHAPTER Chapter Chair

Jacqueline Rosenberg Novartis

Committee Members Alexandra Arni, Swiss Bankers Association

Nicolas Prime, PA Consulting Group

Alan Chalmers, Pharma International

Ingrid Sturzenegger, EuroAirport Basel-Mulhouse-Freiburg

Ute Dehn Christen, CSS Versicherung Mark Inigo-Jones, Novartis

Tim Whiteman, IPAF

Faiz Kermani, Health Interactions

BERNE CHAPTER

Committee Members Daniel Beck, Instinctif Partners

Chapter Chair

Alison Winzenried

Dr Richard Greaves, Meggitt SA Maria Vidal, Credit Suisse AG Dr Philipp Zurkinden, Prager Dreifuss AG

GENEVA CHAPTER Chapter Chair

Anthony Conway-Fell Valcourt SA

Committee Members Eleanor Baha MBE, UK Trade & Investment Nick Dryden, Dryden Associates SA John Fearn, Fearn Associates Richard Golding, RG-Consulting Sàrl

Deputy Chair

Richard Arnold Château Fiduciaire SA

Hans Ivanovitch, Kugler Bimetal SA David Mason, PricewaterhouseCoopers Nick Miles, Cabinet Privé de Conseils s.a. (CPC)

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William (Bill) Morrison, Sandler Training Laurence Rose, Altaira Wealth Management SA Gillian Roth, UBS SA Bernard Salzmann, AngloINFO Geneva Pamela Walsh, Honorary Committee Member, Friends of India

UK CHAPTER Chapter Chair

Shirley Beglinger Shires Partnership

Committee Members Britta Classen, Deloitte AG Petra Deters, BRAL Ltd Lady Noelle Leitch, Edge Foundation Nicholas Niggli, Embassy of Switzerland

Deputy Chair

Gitta Altmann OGR Stock Denton

Felix Rodel, Swiss International Air Lines Ltd.

ZURICH CHAPTER Chapter Chair

Rosalind Booth HSBC Private Bank

Committee Members Sabine Brunthaler, Boyden global executive search Helen Campbell, KPMG Jane Hallauer-Wong

Deputy Chair

John Rhodes Umbricht Rechtsanw채lte

Geoff Linsell, Moving Brands Stuart Robertson, KPMG

LIECHTENSTEIN CHAPTER Chapter Chair

Alexander B. Jeeves Jeeves Group

CENTRAL SWITZERLAND CHAPTER Chapter Chair

Andy Habermacher leading brains

Committee Members Peter Balsiger, SIAG Secure Infostore AG

TICINO CHAPTER Chapter Chair

Peter Steimle Steimle & Partners Consulting Sagl

Committee Members Nicola Battalora, BSI SA, Lugano Michael De Morgan, Roveredo Jane Wood, UBS SA, Lugano

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Who is Who

PUBLIC AFFAIRS COMMISSION The Public Affairs Commission (PAC) serves as a business platform for furthering the understanding of political and economic issues of common interest to the British and Swiss business communities.

On an annual basis, PAC organises Public Affairs Dinners in Berne and Westminster to encourage dialogue between members, parliamentarians and the broader business world.

PAC Chair

Reinier H. Labadie EY (PAC Chair 2008 –2014)

PAC Chair as of 2015

Britta Classen, Deloitte AG

PAC Deputy Chairs Dr Reto Böhi Deputy Legal & Tax Eversheds

Commission Members Shirley Beglinger, Shires Partnership Kurt Bernhard, Solidinvest AG Dr René Buholzer, Credit Suisse Urs Eberhard, Switzerland Tourism Clare Franklin, EY

Prof. Dr Andreas Kellerhals, Europa Institut at the University of Zurich (EIZ) John Rhodes, Umbricht Rechtsanwälte Felix Rodel, Swiss International Air Lines Laurence Rose, Altaira Wealth Management

David Jervis, Eversheds

Stephen Ball Deputy UK, KPMG Gillian Roth Deputy Switzerland UBS

TASK FORCE EUROPE The remit of the Task Force Europe is to examine the similarities and differences in the way Switzerland and the UK approach European issues. The Task Force operates as an independent think tank that provides BSCC members with an analytical perspective on topical themes and political developments expected to impinge on business.

Co-Chair

Christa Markwalder, National Councillor FDP in Switzerland (Liberal Party)

Co-Chair

Prof. Iain Begg, European Institute, London School of Economics and Political Science

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The University of Strathclyde Business School - Swiss Centre

The Strathclyde

MBA in Zurich

Among the Top 3 Executive MBA Programmes in Switzerland (Economist EMBA Ranking 2013, Financial Times EMBA Ranking 2014)

and Top 10 in Corporate Strategy worldwide.

UK Entrepreneurial University of the Year 2013/14 UK University of the Year 2012/13 strathclyde-mba.ch Managed by:

ZURICH

Who is Who

BSCC STAFF The BSCC Staff manages the operational business in Zurich, London and Geneva. If you have any questions or would like to find out more about the BSCC, please do not hesitate to contact one of us!

HEAD OFFICE, ZURICH Magalie Chelius

Managing Director magalie.chelius@bscc.co.uk +41 43 443 06 84

Res Nobs

Marketing & Communications Intern from September 2014 – February 2015 res.nobs@bscc.co.uk +41 43 443 06 81

Verena Ascot

Finance & Office Administrator verena.ascot@bscc.co.uk +41 43 443 06 82

Viviane Grobet

Marketing & Membership Manager viviane.grobet@bscc.co.uk +41 43 443 06 81

Events & Sponsorship Manager To be announced in January 2015

UK OFFICE, LONDON Geraldine Mortby

UK Manager geraldine.mortby@bscc.co.uk +44 20 7650 3802

Jane Wicks

Events Consultant jane.wicks@bscc.co.uk +44 20 7650 3802

GENEVA OFFICE Michael McKay

Events Consultant michael.mckay@bscc.co.uk +41 22 776 75 20

Catherine De Maeyer

Secretary to the BSCC Geneva Chapter bscc.geneva@gmail.com +41 22 755 08 72 (morning only)

Very special thanks to Vicki Guntern who is leaving the BSCC after 25 years. Vicki has been a very loyal, passionate and dedicated employee and always maintained good and trusted relationships with our members and sponsors. Please join us in wishing her every success for the future.

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Article

150 YEARS OF A BRITISH-SWISS LOVE AFFAIR In the 1860s the British middle classes turned Switzerland into the first mass tourist destination, thanks to two men – one British and one Swiss – who helped them fall in love with the Swiss countryside all year round.

“

WINTER AND SUMMER SOON DEVELOPED HAND IN HAND, GIVING THE SWISS TWO SEASONS TO MAKE MONEY AND THE BRITISH TWO REASONS TO SPEND IT. IT WAS A RELATIONSHIP THAT SUITED BOTH SIDES ”

It started with a Swiss bet, which doesn’t sound too likely given the Swiss reputation for being cautious.

But this was a bet like no other, and with an outcome to remember. The ‘it’ in question was the tradition of British winter breaks in Switzerland. And the bet?

That was made by a canny Swiss hotelier to his British summer guests.

In 1864 British visitors to the Swiss Alps were already becoming as easy to spot as the brown cows. The idyllic landscape had always attracted a smattering of writers, artists, mountaineers and anyone else with time and money to spare, but that trickle had become a flood the previous year. All because of Thomas Cook.

His first conducted tour of Switzerland in June 1863 started a British passion for Alpine holidays that has lasted ever since. His success was so immediate that for his second season, in 1864, Cook offered four different Swiss touring routes and brought hundreds of middle-class Brits to the Alps. In the following years it was thousands. This peaceful British invasion – and there weren’t many of those in the 19th century – changed both Switzerland and travel for ever.

But that was all during the summer months; in winter the snowflakes fell on empty chalets. Cue Johannes Badrutt and his famous bet.

32

“

THIS PEACEFUL BRITISH INVASION – AND THERE WEREN’T MANY OF THOSE IN THE 19TH CENTURY – CHANGED BOTH SWITZERLAND AND TRAVEL FOR EVER ”

A wintry wager

The snowball effect

Badrutt, a hotelier in St Moritz, knew that his British guests would enjoy winter in Engadin as much as summer but needed a way to entice them there. At that time the train only reached as far as Chur, so tempting visitors away from the more accessible Bernese Oberland required a cunning plan. In the autumn of 1864 Badrutt wagered with some British guests that if they came back to his hotel in winter and didn’t like it, he would pay all their travel costs. But if they were happy, they could stay as long as they wanted. They came for Christmas – and stayed until Easter. Winter tourism had begun!

Over the next few decades the winter months became an essential part of Alpine tourism, especially for the British. Downhill skiing wasn’t initially popular, so to keep themselves busy the Brits brought their curling stones and invented the bobsleigh. Some even threw themselves headfirst down a frozen tube at 120 km/h on a thin toboggan (aka the Cresta Run); the rest skated around more sedately, or indulged in wacky races like blowing eggs across the ice.

In hindsight, it’s clear that it was a bet Badrutt could not lose. Who wouldn’t want to swap the damp smoggy winters of newly industrial Britain for sunshine and fresh air? It was a brilliant marketing coup because, of course, the Brits went home and told everyone about their amazing winter in the sun and snow. The Victorian version of going viral on social media.

But it wasn’t only fun in the sun that was the selling point – the health benefits of escaping Britain were top billing in Cook’s first winter sports brochure, launched in 1908. That featured eight resorts, including Adelboden which could only be reached by a two-hour sleigh ride.

Winter and summer soon developed hand in hand, giving the Swiss two seasons to make money and the British two reasons to spend it. It was a relationship that suited both sides.

33

34

 swiss-image.ch/Daniel Martinek

A lasting legacy This year-round influx of British tourists had a profound effect on Switzerland, particularly in the poor rural regions where the landscape was the attraction but the locals lived off that land. Tourism turned rags into riches for many, providing jobs and security especially during the long winter months.

Hotels were built with the latest modern comforts to keep the visitors happy, and freshly-opened railways carried eager Brits both under and over the mountains.

Without the guaranteed income from tourism, many of today’s wonderful Swiss train lines might never have been built. Not a nice thought.

 swiss-image.ch/S. Eigstler

Fifteen decades of British tourism in Switzerland has seen as many peaks and troughs as the landscape, enduring the wars and enjoying the booms. This unusual love affair between an island monarchy and the Alpine republic looks set to last another few decades at least. Badrutt and Cook must be smiling in their graves.

About the author Diccon Bewes is a British travel writer who has lived in Switzerland for ten years.

His first book, Swiss Watching, became a No. 1 bestseller and a Financial Times book of the year. His latest work, Slow Train to Switzerland, retraces the first Thomas Cook tour to Switzerland. More information: www.dicconbewes.com

35

Looking Back

LOOKING BACK: 95 YEARS OF BSCC The Chamber had been founded with a sense that something must be done to revive and strengthen a formerly flourishing trade between Britain and Switzerland.

The business community agreed. By the end of 1921, the Chamber proudly recorded 320 members, including 85 British companies and 220 Swiss.

Over the past 95 years, the BSCC expanded into eight geographical chapters and was host to speakers such as HRH Prince Charles, HRH Prince Andrew, Peter Brabeck-Letmathe, Lord Brittan of Spennithorne, Micheline Calmy-Rey, Sergio Ermotti, Diane Abbott MP, and Sir Jackie Stewart OBE.

1920 The

BSCC is founded at the Hotel Schweizerhof in Berne

1921 After

the 1st year, the Chamber has 320 members

36

Membership figures were strongly influenced by the economic climate, dropping to 113 in 1938 and rising to 800 in 1948.

After 95 years of service to the British-Swiss business community, the BSCC continues its aim to being recognised as the Voice of British-Swiss Business and as an organisation that puts the needs and interests of its members at the core of everything it does.

1930’s

“

I think the extension of the BSCC’s activities to include Chapters in London, Geneva, Lugano and Basel was the most important step to attain a wider profile and membership attuned to the direct needs of the members ” Bryan Jeeves CMG OBE Honorary Councillor, BSCC President 1991–1993

1948 During the

Membership figures are badly affected by the Depression

post-war revival, membership figures shoot up to over 800

1940 The

Council makes sure that members are not trading with «the enemy»

1962

After 42 years, the first Swiss members join the Council

“

The past 25 years have seen an enormous transformation of the Chamber from a Zurich-centred British business club to a bilateral highly effective business organisation, focused on delivering commercial benefits to its members ” Howard Rosen CBE, Honorary Councillor BSCC President 1998 –2003

1920 The BSCC is founded at the Hotel Schweizerhof in Berne

1980 HRH

Prince Charles gives a speech at the Chamber’s 60th anniversary

1999 The

1980: HRH Prince Charles gives a speech at the Chamber’s 60th anniversary

2007 The

Public Affairs Commission is established

Council develops the «Vision 2020» Strategy

95

YEARS

1980’s /90’s

New Chapters are inaugurated in Liechtenstein, Lugano, Geneva & London

2002/2004 HRH Prince Andrew attends BSCC Gala Dinners in Zurich and Geneva

2012 The

BSCC is named COBCOE Chamber of the Year for the 2nd time

37

Looking Ahead

PLANS FOR THE FUTURE In recent years, economic conditions have significantly reshaped the operation and success of businesses across the UK, Switzerland and the EU. The BSCC is seizing this opportunity to adapt its activities in order to remain relevant to its members and ensure sustainable future growth.

PRIORITIES

The 2015–2017 strategy provides a clear and ambitious direction for our activities and reflects our members’ evolving needs, as well as the challenges and opportunities presented by current market conditions.

The BSCC aims to be a true reflection of the many and varied British-Swiss businesses and the people who operate them. This means opening our membership to new industries, evolving demographics and welcoming entrepreneurship and innovation.

We are very proud of the achievements to date and delighted to share this journey with you. Your continuous support and feedback are invaluable to us and help us improve the way we serve your interests and needs. We look forward to working with you to achieve great successes for the BSCC community over the coming years.

1

Increase and demonstrate tangible value for members

2

Target value-added relationships while developing new strategic segments

3

Increase and diversify sources of revenue to ensure sustainable growth and future investment

4

Maintain strong reputation while growing brand awareness in new sectors

5

Improve operational efficiency and ensure the BSCC is presented in a consistent fashion

2015–2017 BSCC STRATEGY Be a vibrant, dynamic and diversified business community

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Support BSCC members’ growth and celebrate their success

Be ‘the Voice of BritishSwiss business’

Promote economic development and foster partnerships

Operate with first class professional standards

INDUSTRY GROUPS To complement our traditional and well regarded Public Affairs Commission, the BSCC has decided to offer a forum and platform for those industries that share challenges and opportunities across both Switzerland and the UK.

The aim of the industry groups is to provide members with the opportunity to discuss industry-specific topics with experts, connect industry-leaders across different functions and inform members about regulations and developments affecting the British-Swiss business environment.

THE BSCC’S STRATEGIC INDUSTRY GROUPS Financial Services A modern economy is hardly conceivable without a financial sector in both Switzerland and the UK. The industry is undergoing a true transformation that will change the face of banking and insurance for the years to come.

The financial services group will closely follow these developments with a special focus on cross-border business between Switzerland and the UK.

Travel & Tourism The travel & tourism industry is one of the biggest employers in both Switzerland and the UK. While the sector is very heterogeneous with a broad variety of players, there is a significant interdependence between them. This special compilation and the involvement of both private and public sector induce a need for extensive cooperation within the industry.

The BSCC will identify the challenges and opportunities in the sector and make its contribution to support this cooperation.

Life Sciences The UK and Switzerland excel in the healthcare life sciences, with their pharmaceutical sectors having served as key contributors to technological innovation. Of the European pharmaceutical industry’s total annual R&D investment, the UK accounts for 19% while Switzerland accounts for 17%.

The BSCC’s aim is to support innovation and future projects by connecting organisations in both the private and public sectors.

Consumer Goods: Food & Beverage and Luxury Goods The Swiss and British luxury and food industries belong to the leading industries worldwide. The luxury industries have a long tradition and contribute strongly to both countries’ exports. Luxury brands carry significant PR weight on the global stage and add significantly to Switzerland’s and Britain’s image and brand awareness. The BSCC will capitalise on this by providing a platform for British and Swiss industry leaders to connect and discuss future challenges.

39

Article

CHALLENGES AND OPPORTUNITIES FOR SWITZERLAND AS A FINANCIAL CENTER

The Swiss financial centre is facing major challenges. If it is to secure a successful future and preserve both its economic significance and leading international position, concerted efforts of both the private sector and the public sector will be crucial.

Switzerland has positioned itself among the leading economies worldwide. This is reflected by high rankings in international comparison, be it with regard to innovation, competitiveness or quality of life. The financial services industry is a pillar of the successful Swiss economy which is clearly illustrated by the fact that 246’000 people (equivalent to 5% of all employees in Switzerland) are employed in this sector. Furthermore, 64 billion Swiss francs (or one in nine francs) are generated in the financial services industry which is quite high in international comparison (Germany 3.6%, UK 8.6% A forward-looking value proposition is critical

of GDP). Measured in terms of business environment, tax considerations, human capital, infrastructure, market access, and reputation, Zurich and Geneva usually rank amongst the most competitive financial centers worldwide.

However, this internationally leading position has to be proven every day anew. It is important that Switzerland does not rest on the status quo but adjusts to changing conditions in order to maintain the strong positioning of its financial centre.

A Sector in Transition Across the globe, the financial services industry is undergoing a dramatic process of transformation, together with a clearly apparent structural change.

Similar to its international peers, the Swiss financial centre has to cope with these challenges.

Three factors in particular are deemed to have the greatest impact on the future success of the Swiss financial centre:

40

Switzerland needs to adjust to changing conditions

1 2 3

Switzerland must adopt a pragmatic approach to the increasing wave of regulation and the resurgence of protectionism. The key focus here must be to secure market access to the European Union and the world’s growth regions. Apart from additional business potential in those markets, the access to an international and qualified workforce is central.

The financial sector must drive forward new technologies and digitalisation. The availability of modern technology allows for new communication channels between bank and client. Client demands and expectations toward financial services providers have increased with regards to availability, transparency and user friendliness. The growing digitalisation disrupts the banking value chain. New and different companies start competing head-to-head with banks in which was until now considered the banking industry’s home turf. Customer loyalty and past affiliations count for less and less; instead, modern infrastructure and financial technology is becoming the driver of competitive advantage.

Especially due to the banks’ complex existing IT infrastructures, the adjustment to the changing environment will require great effort.

Switzerland must consistently pursue targeted measures that will enhance its appeal as a business location. In addition to an attractive tax environment, this includes factors such as infrastructure, predictable economic policy, education, and mobility, which are also of high relevance in the international competition between locations.

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www.pwc.ch

Does Swissness have a global future?

Will “Made in Switzerland” still be enough to guarantee a strong export performance?

Will the Swiss financial industry continue to enjoy the trust of the global markets?

Can the Swiss economy still compete with the best in the world? A strong country needs strong answers to questions concerning the future. For PwC, Swissness isn’t just a matter of tradition – it means continuous reflection and innovation, as it has for more than 100 years. What’s your question?

© 2014 PwC. All rights reserved. “PwC” refers to PricewaterhouseCoopers AG, which is a member firm of PricewaterhouseCoopers International Limited, each member firm of which is a separate legal entity.

All of those developments have one thing in common: They can be expected to continue for the foreseeable future and – Switzerland cannot delay them. At best, we are able to influence the direction by constructively participating in the process. Where this is not possible we have to adapt quickly and build on the Swiss financial centre’s existing strengths, stability, universality, responsibility and excellence, and position us with a view on future opportunities.

Paving the Way Ahead: Tasks for Banks and Politicians Creating and maintaining the right conditions is essential to strengthen the financial centres competitiveness. Any weakening of the banking sector and as such the financial centre would as well mean a weakening of the Swiss economy.

Where the banks are concerned, a forward-looking value proposition of modern banking will be critical to the repositioning. But the ability to innovate and meet the financing needs of companies in Switzerland will likewise number among the core tasks of financial service providers in Switzerland. The Swiss political establishment, meanwhile, will have to put Switzerland’s relationship with Europe back on a stable footing and increase legal security, among other things. And last but not least, a more offensive promotion abroad is important.

Despite all the challenges, we are confident that by building on existing strengths and modernising our business models, the financial center will continue to be successful.

A strong Swiss financial centre, however, is reliant on the shared willingness of banks, political circles, and authorities to embrace change and cooperation.

This is absolutely essential if the Swiss financial centre is to reposition itself in a way that will deliver future success.

“ About the author Dr. René Buholzer has headed the Public Policy and Sustainability Affairs department at Credit Suisse since 2006. In addition, he lectures at the University of St. Gallen on international affairs and is the author of several books and articles.

IT IS IMPORTANT THAT SWITZERLAND DOES NOT REST ON THE STATUS QUO BUT ADJUSTS TO CHANGING CONDITIONS IN ORDER TO MAINTAIN THE STRONG POSITION OF ITS FINANCIAL CENTRE ”

43

Article

SWITZERLAND AND THE UK FACING THE EUROPEAN UNION Both Switzerland and the UK are struggling to work out how they would like to see their respective relationships with the European Union evolve. This article explores why it has become so challenging of late.

For both Switzerland and the UK, the EU has become an ever more sensitive political issue.

In February 2014, Swiss citizens voted to impose restrictions on immigrants from EU countries, putting their country on a collision course with its large neighbour over one of the fundamental principles of European economic integration.

Concerns about unrestricted immigration from the continent have also been on the rise in the UK amid a wider disenchantment with the EU. The populist and anti-EU UK Independence Party not only emerged as the main winner in the May 2014 European Parliament elections, but has also been able to set the agenda in national politics, with the result that a UK exit from the EU is now looking increasingly plausible.

Most businesses in the two countries continue to view these developments with some trepidation, fearing loss of access to the world’s largest single market, the risk of scaring-off investors because of the uncertainty and constraints on attracting the most talented workers. But there are many who have become weary of EU bureaucracy and the continuing stagnation of the Eurozone economy, fuelling the calls for a fresh approach.

44

Yet despite these woes, the EU remains the largest market for the two countries: 55% of Swiss exports of goods went to the EU in 2013, a proportion which has declined somewhat in recent years, having been 62% in 2005. For the UK, roughly half its exports of goods have gone to the EU, but the proportion of exports of services is relatively smaller. Overall, some 45% of UK exports of goods and services went to the EU in 2013, down by about ten percentage points over the last decade. Given the rise of China and other rapidly developing countries, the changing arithmetic is not surprising, but the sheer scale of the EU market is such that neither Switzerland nor the UK can afford to put sales to the EU at risk.

The trade figures are, however, especially striking for certain industries. In the last three years, more than a third of the EU’s imports of pharmaceutical and medicinal products came from Switzerland, very slightly less than from the US. For UK automobile manufacturers, the EU is by far its largest market, absorbing half of its entire production of cars in 2013, more than twice as many as are sold in the domestic market. It is no surprise that Mike Hawes, CEO of the Society of Motor Manufacturers and Trades, stated recently that ‘Europe is fundamental to the current and future success of the UK automotive industry’.

The EU has become a sensitive political issue

In the light of these data, why has antagonism to the EU grown so much? One reason is that for would-be migrants, both countries are very attractive, the more so because several other potential host countries in Europe are struggling economically. Most objective analyses find that economic migrants (those who move in search of work, rather than for reasons of security, such as asylum) make a strongly positive contribution to host economies. Indeed, wiser business leaders recognise that without the skills that migrants bring they would find it harder to be internationally competitive. But migrants put pressure on social services and housing, often being concentrated in specific localities, leading to resentment.

More fundamentally, though, neither Switzerland nor the UK has ever quite decided what it wants from the EU. An open trading relationship, reinforced by the backward and forward linkages between companies in the value chain, is certainly seen as crucial. For the financial sector, too, the EU’s business and retail customers are a considerable draw.

45

“

THE SHEER SCALE OF THE EU MARKET IS SUCH THAT NEITHER SWITZERLAND NOR THE UK CAN AFFORD TO PUT SALES TO THE EU AT RISK �

However, the deeper political integration that has been the driving force towards integration for other EU members has never quite been accepted by the Swiss or the British. The core of the EU is moving towards still closer union as it seeks to escape the crises of recent years, a trend that is likely to accentuate Swiss and British ambivalence, but may also mean that the EU will lose patience with them.

The onus may, therefore, now be on Switzerland and the UK to seek to end the uncertainty by proposing a better way forward rather than trying to wring further concessions from the EU.

About the author Iain Begg is a Professorial Research Fellow at the European Institute of the London School of Economics where he specialises on the EU and its economic policies. He is a member of the Council of the BSCC and co-chairs its Task Force Europe.

47

British-Swiss Business: Facts & Figures

COUNTRY OVERVIEW The following two pages introduce some of the industries that are irreplaceable to ensure the GDP per head of CHF 79’218 in Switzerland and CHF 36’222 in the UK.

“

The Chemicals & Pharmaceuticals Industry makes up for around 40% of Swiss exports ”

TOTAL WORKFORCE IN THE COUNTRY WORKFORCE IN THE INDUSTRY

FINANCIAL SERVICES CHEMICALS & PHARMACEUTICALS

“

54% of the securities managed in Switzerland come from foreign customers ”

SWITZERLAND WORKFORCE 4’640’316

“

The MEM Industry is responsible for 12% of the Swiss GDP ” WATCHES

MACHINERY, ELECTRICAL ENGINEERING & METALS

“

Of 100 watches produced in Switzerland, 95 are exported ”

Sources: Automotive Council UK (2013); Chemical Industries Association (2014); Switzerland Global Enterprise (2014); The City UK (2014); UK IT Association (2014); UK Trade & Investment (2014); World Bank (2014); Office for National Statistics (2014); Swiss Federal Statistics Office (2014)

“

The UK Chemicals & Pharmaceuticals Industry is the 9th biggest in the world ”

“

The Financial Services Sector attracts more FDIs into the UK than any other sector ”

CHEMICALS & PHARMACEUTICALS

FINANCIAL SERVICES

UK WORKFORCE 32’617’520

“

The ICT Industry makes up for 10% of the UK’s GDP ”

INFORMATION & COMMUNICATION TECHNOLOGIES

AUTOMOTIVE

“

The Automotive Industry is accountable for 7.3% of the UK’s manufacturing output ”

49

British-Swiss Business: Facts & Figures

30 BIGGEST COMPANIES IN SWITZERLAND & UK The 30 biggest British and Swiss companies according to market value employ over 3 million people worldwide. Even though the vast majority of the private sector’s businesses are SMEs in both Switzerland and the UK, these 30 companies’ combined market value of CHF 2’650 billion makes them key contributors to their economy.

16. BARCLAYS 17. BG GROUP 1. ROCHE HOLDING

18. ABB 19. ROYAL BANK OF SCOTLAND

2. NESTLÉ

20. RECKIT BENCKISER GROUP

3. NOVARTIS

21. PRUDENTIAL 22. RICHEMONT

4. HSBC HOLDINGS

23. CREDIT SUISSE GROUP

5. BP

24. STANDARD CHARTERED 25. BT GROUP

6. GLAXOSMITHKLINE 7. BRITISH AMERICAN TOBACCO

26. NATIONAL GRID

8. RIO TINTO

27. ZURICH INSURANCE GROUP

9. VODAFONE 10. LLOYDS BANKING GROUP 11. ASTRAZENECA 12. UBS 13. SABMILLER 14. DIAGEO 15. GLENCORE INTERNATIONAL

28. TESCO 29. IMPERIAL TOBACCO GROUP 30. ASSOCIATED BRITISH FOODS

SWISS COMPANIES

Source: Forbes (2014) 50

BRITISH COMPANIES

INNOVATION & COMPETITIVENESS Since 2011, Switzerland and the UK have always been ranked amongst the top 10 nations both in the Global Competitiveness Index and the Global Innovation Index. Their strength in innovation is also reflected in the successful inventions that root back to Switzerland and the UK.

THE WORLD WIDE WEB SIR TIMOTHY BERNERS-LEE AT THE CERN IN SWITZERLAND 1989

alu

ALUMINIUM FOIL HEINRICH ALFRED GAUTSCHI 1905

CATSEYE REFLECTORS PERCY SHAW 1933

COFFEE CAPSULES ERIC FAVRE 1976

AUTOMATED TELLER MACHINE (ATM) JOHN SHEPHERD-BARRON 1967

DOODLE MICHAEL NÄF & PAUL E. SEVINÇ 2007

DYSON ARIBLADE JAMES DYSON 2006

SWISS SCIENTISTS & INNOVATIONS

BRITISH SCIENTISTS & INNOVATIONS

51

British-Swiss Business: Facts & Figures

FDI, EXPORTS & IMPORTS The British and Swiss economies are tightly interconnected and important export partners. Relative to their size, both countries are attractive destinations for Foreign Direct Investment (FDI).

FDI IN SWITZERLAND

TOP EXPORTS FROM SWITZERLAND TO THE UK 2013 2000

120

1600

90

1200

60

800

30 0

2008

2009

2010

2011

2012

2013

1

CHEMICALS & ASSOCIATED PRODUCTS

2

PRECISION INSTRUMENTS, WATCHES & JEWELLERY

3

PRECIOUS METALS, PRECIOUS & SEMI-PRECIOUS STONES

400

4

MACHINERY, UNITS, ELECTRONICS

0

5

AGRICULTURAL & FORESTRY PRODUCTS, FISHERY

JOBS CREATED

PROJECTS

150

YEARS TOP EXPORTS FROM THE UK TO SWITZERLAND

800

30,000

640

24,000

480

18,000

320

12,000

160 0

2008

2009

2010

2011

2012

2013

1

CHEMICALS & ASSOCIATED PRODUCTS

2

VEHICLES

3

PRECISION INSTRUMENTS, WATCHES & JEWELLERY

6000

4

MACHINERY, UNITS, ELECTRONICS

0

5

WORKS OF ART & ANTIQUES

YEARS Sources: EY (2009–2014); Switzerland Global Enterprise (2014) 52

JOBS CREATED

PROJECTS

FDI IN THE UK

EXCHANGE RATE HISTORY The exchange rate Swiss franc/British pound has seen dramatic changes since the BSCC was founded 95 years ago. After a volatile period, it was stabilised by the Bretton Woods system. Between the 1960s and 1980s, the CHF/GBP-rate depreciated but has been fairly stable since.

25

EXCHANGE RATE CHF/GBP

20

15

10

5

0 1920

1930

1940

1950

1960

1970

1980

1990

2000

2010

YEARS

Sources: Bank of England (2014); Swiss National Bank (2014) 53

British-Swiss Business: Facts & Figures

LIVING ABROAD The geographical concentration of the two expat communities is remarkable.

In the UK, a third of the 32’500 Swiss live in the greater London area. In Switzerland, the Zurich area and the cantons of Vaud and Geneva are home to three quarters of the British.

SCOTLAND

NORTH EAST N.IRELAND ISLE OF MAN

EAST OF ENGLAND

MIDLANDS

MINUTE

FLIGH NE

RY EVE TE N

T

S

1’000 citizens < 500 citizens

NORTH WEST

WALES

LONDON SOUTH EAST

O

SOUTH WEST CHANNEL ISLANDS

BASEL ZURICH JURE

FRIBOURG

VAUD

EAST SWITZERLAND

LUCERNE

GRISON

BERNE

GENEVA

TICINO

VALAIS

Sources: Embassy of Switzerland in the UK (2014); Swiss Federal Statistics Office (2013 & 2014) 54

EDUCATION & RESEARCH The UK and Switzerland are home to some of the best universities in the world. 14 of them were placed among the 100 best by the Times Higher Education Ranking 2014.

3 UNIVERSITY OF OXFORD

5 UNIVERSITY OF CAMBRIDGE

9 IMPERIAL COLLEGE LONDON

13 SWISS FEDERAL INSTITUTE OF TECHNOLOGY ZURICH

22 UNIVERSITY COLLEGE LONDON

34 SWISS FEDERAL INSTITUTE OF TECHNOLOGY LAUSANNE

34 LONDON SCHOOL OF ECONOMICS AND POLITICAL SCIENCE

36 UNIVERSITY OF EDINBURGH

40 KING’S COLLEGE LONDON

52 UNIVERSITY OF MANCHESTER

74 UNIVERSITY OF BRISTOL

75 UNIVERSITY OF BASEL

83 DURHAM UNIVERSITY

94 UNIVERSITY OF GLASGOW

SWISS UNIVERSITIES BRITISH UNIVERSITIES

Source: Times Higher Education (2014) 55

Article

THE UK AND SWITZERLAND: LEADING INNOVATION IN THE HEALTHCARE LIFE SCIENCES The UK and Switzerland share a reputation as leaders in innovation. Their success is particularly evident in the life sciences, where the pharmaceutical and biotech sectors have outperformed many other industrial sectors.

The UK and Switzerland have long recognised that innovation is a driver of economic growth and prosperity. Countries that are able to innovate stand the best chance of dealing with current and future global economic challenges.

Leaders in healthcare

Of the European pharmaceutical industry’s total €29 billion annual research and development (R&D) investment, the UK accounts for 19% while Switzerland accounts for 17%. The UK pharmaceutical sector’s historical strength is shown by the fact that a seventh of the top 100 medicines in use today originate from research in the UK. This commitment to innovation continues, with the pharmaceutical industry investing £11.8 million every day in R&D, exceeding that of any other industrial sector in the country. It makes a vital contribution to the UK’s economy, at around £5 billion per year, again greater than any other industrial sector in the UK. In Switzerland, the strong contribution to the national economy is similar, with the pharmaceutical industry accounting for almost one third of total exports.

The UK and Switzerland excel in the healthcare life sciences, with their pharmaceutical sectors having served as key contributors to technological innovation.

The sectors in both countries are leaders in Europe, as shown by the latest industry data from EFPIA (the European Federation of Pharmaceutical Industry

A further benefit to the UK and Swiss economies comes through the pharmaceutical industry’s role as a high technology sector employer. In the UK, the pharmaceutical industry employs around 68,000 people directly and generates thousands of jobs in related industries. In Switzerland, the

The UK and Switzerland’s reputations as centres of innovation was recently confirmed, when both countries topped the 2014 Global Innovation Index (GII) co-published by Cornell University, INSEAD, and the World Intellectual Property Organization (WIPO), an agency of the United Nations (UN).

Published annually since 2007, the GII is considered to be a leading benchmarking tool for policy makers and business leaders. In the 2014 study, innovation was studied in 143 countries around the world, using 81 indicators in order to rate strengths in multiple areas of innovation, ranging from infrastructure and technologies to human aspects behind innovation.

56

Associations), ABPI (the Association of the British Pharmaceutical Industry and Interpharma (Association of research-based pharmaceutical companies in Switzerland).

“

OF THE EUROPEAN PHARMACEUTICAL INDUSTRY’S TOTAL ANNUAL R&D INVESTMENT, THE UK ACCOUNTS FOR 19% WHILE SWITZERLAND ACCOUNTS FOR 17% ”

The commitment to innovation continues in both Switzerland and the UK

PHARMACEUTICAL INDUSTRY RESEARCH AND DEVELOPMENT (R&D) INVESTMENT IN THE UK AND SWITZERLAND

R&D investment (€ million)

6,000 5,000 4,000 3,000 2,000 1,000

 2011  2012  2013

0 UK

Switzerland

Note: The figures relate to the R&D carried out in each country Source: The European Federation of Pharmaceutical Industries and Associations (EFPIA)

57

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Their world

At Swiss Re, it’s our business to enable risk-taking. Why? Because that’s how progress happens.

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pharmaceutical industry employs around 39â&#x20AC;&#x2122;500 people. Since 1995, the Swiss pharmaceutical industry has been increasing the number of jobs at an annual rate of 3.5%, which exceeds the job growth trend for the Swiss economy as a whole.

Given the key contribution that biotechnology is now making to healthcare, it is no surprise to see that the biotech industry is also prospering in both countries. EYâ&#x20AC;&#x2122;s latest annual global biotechnology report reveals that the UK and Switzerland are the regional leaders in terms of new biotech products.

Of the 2â&#x20AC;&#x2122;743 products in the 2013 European biotech product pipeline, the UK accounted for 17%, while Switzerland accounted for 8%. However, what is more impressive is that these countries also lead in terms of products having reached the most advanced stage of clinical trials and therefore potentially close to reaching the market. The prospects for future biotech success also look good, with the industry in both countries benefiting from increased capital.

The UK held top position in Europe for innovation capital raised with US$730 million in 2013, representing a 55% increase over 2012. In terms of attracting the most venture capital investment in 2013, Switzerland came top with US$266 million.

The future Despite their current positions as leaders in innovation, the UK and Switzerland realise that they cannot be complacent and are planning for the future. In both countries, several government agencies exist to spot opportunities and actively foster the environment for innovation. Support for projects in priority areas is provided through a variety of funding mechanisms and by connecting organisations in both the private and public sectors.

This commitment to innovation is expected to have an impact beyond individual organisations, as knowledge and skill sharing stimulates innovation in the wider economy.

About the author Faiz Kermani is a BSCC Committee Member in Basel, where he works as Scientific Advisor for Health Interactions in the pharmaceutical sector.

He also has experience in the non-profit healthcare sector, serving as President of Global Health Education Foundation and Director of Media Relations for the World Medical Fund.

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BSCC Geneva Conference

WHAT THE GENEVA REGION NEEDS TO DO TO REMAIN COMPETITIVE Over 100 leaders from the key sectors of government policy, economic development, the UN, educational institutions, finance, and public and private enterprises participated in a business conference hosted by the BSCC in Geneva on 2nd June 2014 on the theme “What the Geneva Region needs to do to remain competitive.”

The conference opened with a key-note speech from François Longchamp, President of the State Council of Geneva, and was addressed amongst others by the Acting Director-General of the United Nations Office at Geneva, Michael Møller, Conseiller d’Etat Antonio Hodgers and Anne-Marie de Weck, Managing Partner of Lombard Odier & Cie SA. Mr. Longchamp commented: “Geneva is at a crossroads in its history. Its international role, the presence of successful companies on its soil, the quality of its infrastructure and its quality of life depend on critical decisions that will be taken during the next four years.” Within a turbulent national and international context, the President of the State Council described in his speech the options that Geneva must seize to continue its success story.

Michael Møller, Acting DirectorGeneral, UNOG, focused on protecting and strengthening the “international Geneva” image.

Geneva distinguishes itself as the centre of a wide-range of actors and institutions covering an extensive scope of topics. It has become a global locus of expertise and knowledge. “International Geneva” is a brand to be protected and nurtured. The private sector can contribute to the necessary reputation management of Geneva.

The benefits obtained from “international Geneva” make it “simply good business to ensure a positive perception” of the region.

Anne-Marie de Weck, Managing Partner, Lombard Odier & Cie SA, closed the event by discussing the challenges faced by the financial sector. Regulatory challenges are increasing in the form of stronger disclosure requirements.

Ultimately, the competitiveness of Swiss private banks depends on the development of products and services that “keep up with their clients’ needs.”

In conclusion, the Geneva region is on the right track but has to continue investing in its future to remain competitive as an international business location.

Its international role, the presence of successful firms within the region and the quality of its infrastructure depend on crucial decisions which have yet to be taken and implemented in the next couple of years.

Excerpts from an article prepared by Prof Arturo Bris and Dr Jose Caballero from the IMD World Competitiveness Center in Lausanne.

“

GENEVA IS AT A CROSSROAD IN ITS HISTORY ” FRANCOIS LONGCHAMP

PRESIDENT OF THE STATE COUNCIL OF GENEVA

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Anne-Marie de Weck, Lombard Odier & Cie SA

Conseiller d’Etat Antonio Hodgers

Michael Møller, United Nations Office Geneva

The audience enjoying the speeches and lively discussions

Conseiller d’Etat François Longchamp, President of the State Council of Geneva

 point-of-views.ch

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BSCC Event Highlights

Business Lunch with Sir Jackie Stewart OBE Tuesday, 14 January 2014, Le Richemond, Geneva

THE BUSINESS OF SPORT Sir Jackie Stewart OBE, Formula One World Champion in 1969, 1971 and 1973 Sir Jackie held us in the palm of his hand. His speech was profound. He spoke of simple but important human qualities: of the value of old friendships and long relationships; the need to strive for perfection; how to build winning teams; overcome adversity; and forego self-pity. Work with the best, or as Sir Jackie put it, “Fly with the eagles.” Encourage the young and talented. Speak eloquently and present yourselves well, he told us. Our Guest of Honour was the epitome of modesty and humility.

Sir Jackie Stewart OBE

 point-of-views.ch

Zunfthaus zur Meisen, Zurich Friday, 24 January 2014

BURNS SUPPER IN ZURICH To celebrate the 255th anniversary of the birth of Scotland’s national bard, Robert Burns, the BSCC Zurich Chapter hosted its second Burns Supper.

Members appreciated the opportunity to invite clients and guests to this traditional Scottish evening and enjoyed networking in an elegant and pleasant setting.

A particular highlight was the ceremonial “piping in” of the “chieftain” – to cut haggis. Entertainment was provided by the pipers as well as a troupe of Scottish dancers from Basel. The guests also had the opportunity to sample a fine selection of single malts at the whisky bar.

 howardbrundrett.net

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Scottish Highland Dancing

Panel Discussion on Future Trends in Financial Services Tuesday, 6 May 2014, Embassy of Switzerland, London

FUTURE OF PRIVATE BANKING The Residence of the Swiss Ambassador in London was the setting for an informative high-level panel discussion on future trends in financial services, organised by the BSCC UK Chapter in partnership with the IoD City of London and the Embassy of Switzerland. The event was kindly hosted by HE Dominik Furgler, and speakers included Sir David Wootton of Allen & Overy, Alderman Alan Yarrow of Kleinwort Benson, Bill Oâ&#x20AC;&#x2122;Neill of UBS, Miles Kennedy of PWC, and David Stringer-Lamarre and Sabila Din of the IoD City of London.

HE Ambassador Dominik Furgler

Herzog & de Meuron private guided tour of Messe Basel Wednesday, 12 February 2014, Messe Basel

MESSE BASEL Courtesy of MCH Messe Schweiz and the renowned Basel-based architectural practice Herzog & de Meuron, the BSCC was able to arrange a unique guided tour around the MCH Basel. Tobias Winkelmann, Project Director at Herzog & de Meuron gave a fascinating insight into how the project to create the new hall complex of Messe Basel was undertaken. For those attendees whose professional expertise lay elsewhere, the tour of the outside and inside of the complex highlighted the enormity and complexity of the tasks that architects and their colleagues must undertake to successfully transform creative thinking into reality.

Messe Basel Exhibition Hall designed by Herzog & de Meuron

ď&#x20AC;° howardbrundrett.net

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BSCC Public Affairs Dinner Monday, 16 June 2014, Berne

HOW TO BALANCE IMMIGRATION & ECONOMIC PROSPERITY Immigration is at the forefront of the political debate in both Switzerland and the United Kingdom.

The success of the mass immigration initiative in Switzerland has emboldened immigration critics as well as EU sceptic politicians in Britain. In Switzerland the debate has moved on to how the initiative should be implemented and what the ramifications of the countryâ&#x20AC;&#x2122;s relationship with the EU are. The impact of the initiative on the state of the economy is front and centre on the minds of decision makers. The panel shared their perspective on these issues with the audience.

HE Fabrice Filliez, Dr Cornelia Meyer and HE David Moran

ď&#x20AC;° Alison Winzenried

Hotel Splendide Royal, Lugano

ANNUAL GALA DINNER IN LUGANO Every year, the Ticino Chapter invites members and guests to the traditional Annual Gala Dinner in Lugano.

In 2015, we are delighted to welcome HE Ambassador David Moran, who took up his post as British Ambassador to Switzerland & Liechtenstein in January 2014.

Members and guests enjoying the networking opportunities

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Article

LONDON – THE FINTECH CAPITAL OF EUROPE

Global investment in financial technology (‘fintech’) ventures has more than tripled during the last five years – from under $930 million in 2008 to more than $2.97 billion in 2013, and, over the past three years, such investment increased at more than four times the rate of overall venture-capital investment.

Given the dramatic changes occurring in financial services, driven by new technology, regulations, consumer behaviour, and the need for cost reduction, this global trend is expected to continue for the foreseeable future.

“The fintech boom is a huge opportunity for London with its well-developed financial and technology industries,” said Julian Skan, Accenture managing director overseeing the FinTech Innovation Lab London. “It is also crucial to London maintaining its position as the leading global financial centre because of the growing importance of technology to the financial industry.”

Accenture’s analysis of fintech venture investment shows the city has become the fintech capital of Europe. Since 2004, the lion’s share of Europe’s fintech deals and financing have taken place in the UK with the vast majority occurring in London.

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And while Ireland has a developing tech centre of its own, it contributes heavily to London’s fintech centre incubating fintech companies that often turn to the city for customers, promotion, partnerships and funding.

In 2013, UK and Ireland together accounted for more than half of Europe’s fintech deals (53 percent) and more than two-thirds of its total financing.

Even though it is the European leader, London’s share of the global fintech pie is still relatively small.

In 2013, one-third of all global fintech financing (32 percent) and 20 percent of all deals took place in Silicon Valley, while the whole of Europe accounted for 13 percent of fintech financing and 15 percent of global deals.

What is remarkable is the growth rate of fintech activity in London and the region within its orbit.

Together, the UK and Ireland have seen the volume of fintech deals triple since 2011. The region’s five-year compound growth rate for fintech financing was twice the global average and twice that of Silicon Valley. Growth in the number of deals was three times the global average and more than five times that of Silicon Valley.

“

THE FINTECH BOOM IS CRUCIAL TO LONDON MAINTAINING ITS POSITION AS THE LEADING GLOBAL FINANCIAL CENTRE BECAUSE OF THE GROWING IMPORTANCE OF TECHNOLOGY TO THE FINANCIAL INDUSTRY ” The growth rate of fintech activity in London is remarkable

FIVE-YEAR GROWTH IN FINTECH INVESTMENT ($M) 800 700 600

Percent

500 400 300 200 100 0 2008

2009

2010

2011

2012

2013

 UK & Ireland  Europe (ex UK & Ireland)  Global  Silicon Valley Source: Accenture and CB insights (2014)

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Boosting London’s economy and financial sector London is already experiencing an entrepreneurial renaissance in its tech sector, and has the highest density of start-ups in the world by some measures.

With nearly 135’000 financial-services technology workers in the UK and four of the world’s ten biggest banks with global or European headquarters situated in London, the capital city offers great foundations for a thriving fintech cluster.

As the digital revolution drives structural change throughout the financial services sector, London’s banks are also realising the benefits of having a fintech cluster close to home.

Of course, London’s fintech community still faces critical challenges. Most of its fintech ventures are still in their infancy, most venture capital investments are still first-round, and the availability of funding remains scarce compared to the US. While strong on innovation, entrepreneurs in the region are also less focused than their American counterparts on commercialising new ideas. And although banks and investors are looking for innovative solutions more than ever before, fintech companies often lack the expertise, access, and resources to effectively sell to and collaborate with banks.

Since 2012, London’s fintech community has been growing in many directions. Last year, Level39 opened a world-class fintech accelerator space at Canary Wharf and this year two new accelerators will open for business in other parts of the capital. Meanwhile, the UK government is pushing new measures to help develop the fintech sector throughout the country and to preserve London’s leadership in financial services.

Over the past three years, global investment in fintech has grown more than four times faster than venture capital investment overall. On its current trajectory, London is likely to consolidate its position as the fintech capital of Europe. But it is the vitality of the ecosystem supporting its fintech cluster – the combination of entrepreneurs, financiers, customers and civic support – that will determine how prominent a role London plays in global fintech in decades to come.

This article is based on a report produced by Accenture in March 2014: “The Boom in Global Fintech Investment – A new growth opportunity for London”.

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Partners

BSCC STRATEGIC PARTNERS As part of the 2015–17 strategy, the BSCC partners with like-minded and credible organisations to promote economic development and further BritishSwiss business relations.

INSTITUTIONAL PARTNERS

AIRLINE PARTNERS British Airways, the flag carrier airline of the United Kingdom, is proud to support the BSCC. For this reason British Airways is offering BSCC Members a special discount of 10% on published fares from Switzerland to London during 2015 to celebrate the BSCC’s 95th anniversary. British Airways is a member of Oneworld.

The BSCC enjoys a close relationship with Swiss International Air Lines (SWISS), Switzerland’s national airline. SWISS serves 84 destinations in 40 countries from Zurich, Basel and Geneva and carrying some 16 million passengers a year with its 90-aircraft fleet. SWISS is a member of Star Alliance.

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Article

TIME TO FACE DIGITAL WITH CLOCKWORK PRECISION Home to world-beating watchmakers, as well as record-breaking watch auctions, Switzerland’s long association with horology has helped fashion its “clockwork” image, as Claire Adler reports.

The Swiss watch industry has faced its fair share of changes recently. With a go-slow in the Chinese luxury goods market, the growing power of tourist shoppers and the demands of the digital world, which many luxury brands were long reticent to enter, this is an historic industry that is adapting impressively to new challenges.

Analysts at Bernstein claim high-end Swiss watches are set to remain among the fastest-growing luxury product categories in the coming years, forecasting 8 to 9 per cent annual growth to 2017, compared with 6 to 7 per cent for the luxury market as a whole.

Switzerland’s association with watches and clocks began almost five centuries ago. French Protestant reformer John Calvin was living in exile near Geneva in the mid-16th century when he began imposing hard-line doctrine on daily life, eventually banning the wearing of jewellery.

But Geneva’s goldsmiths and jewellers cleverly transferred their skills to making pocket watches.

Fifty years later and Geneva’s watchmakers had banded together to form the Watchmakers’ Guild of Geneva, which established the Geneva Seal: 12 stringent watchmaking guidelines that even Calvin could not beat.

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To this day, the Geneva Seal is applied to some of the finest Swiss watches; requirements include making the watch in the Canton of Geneva and polishing inner steel parts of a watch to precise angles and levels of surface smoothness.

By the mid-17th century, Geneva was so crowded with watchmakers that many decided to move onwards and upwards, opening workshops in the Jura Mountains.

Despite the Chinese economic slowdown earlier this year, today nearly half the luxury watches currently sold in Europe are bought by Chinese tourists, says Professor Scott Gallaway, founder of L2, a New Yorkbased digital innovation think tank. When the Chinese government recently introduced anti-corruption laws to curb government officials from splashing out on lavish gifts, the Swiss watch industry felt the blow.

Now, top Swiss watch industry executives are starting to look elsewhere for growth. In its annual Swiss watch survey of 50 leading industry executives, Deloitte forecasts demand will hold up well from Latin and North America; from tourists travelling to Switzerland and major European cities on luxury shopping sprees.

With increased reliance on the global jet set, who shop as they travel, and high confidence in the demand for pricey timepieces, some Swiss watchmakers are opening boutiques in the so-called London

The Swiss watch industry is adapting impressively to new challenges

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luxury quarter, a cluster of 42 streets in Mayfair, Piccadilly and St James’s anchored by Bond Street.

This summer, Watches of Switzerland opened a giant 17’000 square-foot, three-floor mecca on Regent Street.

According to Aurel Bacs, the international head of watches at Christie’s Geneva, Swiss watches exert an unquestionably universal allure. “One of the joys of my job is seeing the chief executive of a publicly listed company, a musician and a football player sitting together talking about the intricacies of a Swiss watch dial or the beauty of a watch movement,” says Mr Bacs, who knows “at least three” collectors who each own more than 1’000 watches.

The joy and reassurance of pure, old-fashioned craftsmanship may be one of this industry’s most enduring selling points, but nowadays social-media marketing is all par for the course. Since Rolex launched its Facebook page in April 2014, it has scooped more than 3.3 million likes, while IWC (International Watch Company) posts celebrity stories and tracks its customer engagement closely, monitoring how social-media activity affects e-mail sign-ups, catalogue requests and sales.

Yet nearly 50 per cent of top watch executives surveyed by Deloitte said social media and the open discussion uncontrolled by the brands themselves that it encourages, pose the biggest online risk to the industry, surpassing online counterfeits.

Against this backdrop, Apple and Samsung have come up with watches you might think could pose an even bigger threat to Swiss watchmakers – wearable technology.

But Luc Perramond, chief executive of Hermès Watches, remains upbeat. “I do not see smartwatches as a threat, but as a stimulation. The technical innovation should attract the interest of younger customers for wristwatches. Consequently, it is beneficial for the whole industry,” he says.

Excerpts from original article published in Raconteur’s ‘Made in Switzerland’ special report on 11 December 2013 in The Times newspaper.

“

WITH INCREASED RELIANCE ON THE GLOBAL JET SET, WHO SHOP AS THEY TRAVEL, AND HIGH CONFIDENCE IN THE DEMAND FOR PRICEY TIMEPIECES, SOME SWISS WATCHMAKERS ARE OPENING BOUTIQUES IN THE SO-CALLED LONDON LUXURY QUARTER ” About the author Regular contributor to the Financial Times, Claire Adler is a writer, speaker and consultant for luxury brands, including De Beers and Sotheby’s.

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BSCC Members

BSCC SUSTAINING / LARGE MEMBERS ABB Ltd

Deloitte AG

KPMG AG

Banque Julius Baer & Cie SA

DuPont de Nemours International SA

Meggitt SA

Affolternstrasse 44 8050 Zurich www.abb.ch Rue Pierre-Fatio 7 1204 Geneva www.juliusbaer.com

Barclays Bank (Suisse) SA

Chemin de Grange-Canal 18–20 1211 Geneva 3 www.barclays.com

BDO AG

Hodlerstrasse 5 3001 Berne www.bdo.ch

BDO LLP

55 Baker Street W1U 7EU London www.bdo.co.uk

BP (Switzerland) Baarerstrasse 139 6302 Zug www.bp.com

British Airways

Puls 5, Hardturmstrasse 11 8037 Zurich www.britishairways.com

BSI SA

Viale Stefano Franscini 8 6900 Lugano www.bsi.ch

Charles Russell Speechlys LLP

Rue du Prince 9–11 1204 Geneva www.charlesrussellspeechlys.com

Compagnie Financière Richemont SA

Chemin de la Chênaie 50 1293 Bellevue www.richemont.com

General Guisan-Quai 38 8022 Zurich www.deloitte.ch

Chemin du Pavillon 2 1218 Le Grand-Saconnex www.dupont.com

EFG Bank

Bahnhofstrasse 12 8001 Zurich www.efgbank.com

Emil Frey AG

Badenerstrasse 600 8048 Zurich www.emilfrey.ch

EY AG

Maagplatz 1 8005 Zurich www.ey.com

Froriep

Bellerivestrasse 201 8034 Zurich www.froriep.com

Geberit International AG Schachenstrasse 77 8645 Jona www.geberit.com

Hilti AG

Feldkircherstrasse 100 9494 Schaan www.hilti.com

HSBC Private Bank (Suisse) SA Gartenstrasse 26 8027 Zurich www.hsbcprivatebank.com

HSBC Private Bank (Suisse) SA Quai des Bergues 9–17 1211 Geneva 1 www.hsbcprivatebank.com

Coutts & Co Ltd

J.P. Morgan (Suisse) SA

Credit Suisse (UK) Limited

JT International AG

Credit Suisse AG

JT International S.A.

Credit Suisse AG

KKL Luzern Kultur- und Kongresszentrum

Stauffacherstrasse 1 8004 Zurich www.coutts.com 5 Cabot Square E14 4QR London www.credit-suisse.com Christoffelgasse 6 3001 Berne www.credit-suisse.com Paradeplatz 8 8070 Zurich www.credit-suisse.com

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Dreikönigstrasse 21 8002 Zurich www.jpmorgan.com Baselstrasse 65 6252 Dagmersellen www.jti.com Rue de la Gabelle 1 1211 Geneva 26 www.jti.com

Europaplatz 1 6005 Luzern www.kkl-luzern.ch

Badenerstrasse 172 8026 Zurich www.kpmg.com Route de Moncor 4 1701 Fribourg www.meggitt.com

PricewaterhouseCoopers Birchstrasse 160 8050 Oerlikon www.pwc.com

Smith & Williamson

25 Moorgate EC2R 6AY London www.smith.williamson.co.uk

Swiss Reinsurance Company Mythenquai 50/60 8022 Zurich www.swissre.ch

Syngenta International AG Schwarzwaldallee 215 4058 Basel www.syngenta.com

The Dolder Resort

Kurhausstrasse 65 8032 Zurich www.thedolderresort.com

UBS AG

Bahnhofstrasse 45 8098 Zurich www.ubs.com

UBS AG

1 Finsbury Avenue EC2M 2AN London www.ubs.com

UBS AG, Private Banking Rue de la Confédération 2 1211 Geneva 2 www.ubs.com

Union Bancaire Privée, UBP Rue du Rhône 96–98 1204 Geneva www.ubp.com

upc cablecom GmbH Zollstrasse 42 8021 Zurich www.cablecom.ch

Zurich Financial Services Mythenquai 2 8022 Zurich www.zurich.com

BSCC CORPORATE MEMBERS A.T. Kearney (International) AG Weberstrasse 4 8004 Zurich www.atkearney.ch

ABB Sécheron SA

Rue des Sablières 4–6 1217 Geneva www.abb.com

Accenture AG

Fraumünsterstrasse 16 8001 Zurich www.accenture.com

Addex Pharmaceuticals Ltd Chemin des Aulx 12 1228 Plan-les-Ouates www.addexpharma.com

Adecco Human Resources AG Stampfbachstrasse 138 8006 Zurich www.adecco.ch

AMEOS Holding AG Bahnhofplatz 14 8021 Zurich www.ameos.eu

Baker & McKenzie

Rue Pedro-Meylan 5 1208 Geneva www.bakermckenzie.com

Baker & McKenzie

Holbeinstrasse 30 8008 Zurich www.bakermckenzie.com

Banca Julius Baer & Co. SA Piazzetta S. Carlo 1 6900 Lugano www.juliusbaer.com

Bank Julius Bär & Co AG Bahnhofstrasse 36 8010 Zurich www.juliusbaer.com

Banque Cantonale Vaudoise Rue Perdtemps 6 1260 Nyon www.bcv.ch

Banque Lombard Odier & Cie SA Rue de la Corraterie 11 1211 Geneva 11 www.lombardodier.com

Amicorp Switzerland AG

Bär & Karrer

Anglo Media Group

Barclays Bank (Suisse) SA

Asendia UK

Barons Financial Services SA

Bellerivestrasse 17 8008 Zurich www.amicorp.com

Chemin de la Vuarpilliere 29 1260 Nyon www.anglomediagroup.com Unit 12 The Heathrow Trading Estate Silver Jubilee Way TW4 6NF Hounslow www.asendia.co.uk

ASN Advisory Services Network Bederstrasse 51 8027 Zurich www.asn.ch

AstraZeneca AG

Grafenauweg 10 6301 Zug www.astrazeneca.ch

Audiconsult SA

Rue du Cendrier 15 1211 Geneva 1 www.audiconsult.ch

Avaloq Evolution AG Allmendstrasse 140 8041 Zurich www.avaloq.com

Avaloq UK Limited

8 Angel Court, 1 Floor EC2R 7HP London www.avaloq.com st

Brandschenkstrasse 90 8027 Zurich www.baerkarrer.ch Beethovenstrasse 19 8027 Zurich www.barclays.com

ICC-H, Route de Pre Bois 20 1215 Geneva 15 www.baronsfinancialservices.com

BDO AG

Fabrikstrasse 50 8031 Zurich www.bdo.ch

BDO SA

Rue des Bains 33 1211 Geneva 8 www.bdo.ch

Berne Economic Development Agency BEDA Münsterplatz 3 3011 Berne www.berneinvest.com

Bill – Isenegger – Ackermann Witikonerstrasse 61 8032 Zurich www.bialaw.ch

Blick Rothenberg LLP

16 Great Queen Street Covent Garden WC2B 5AH London www.blickrothenberg.com

Bloomberg News

Seidengasse 20 8001 Zurich www.bloomberg.com

BMG Avocats

Avenue de Champel 8c 1211 Geneva 12 www.bmglaw.ch

BMP Translations AG Münsterberg 1 4051 Basel www.bmptrans.ch

Bourner Bullock

Sovereign House 212-224 Shaftesbury Avenue WC2H 8HQ London www.bournerbullock.co.uk

BRAL Limited

C6 Intelligence Information Systems Ltd Vita House London Street RG21 7PG Basingstoke www.c6-intelligence.com

Catlin Re Switzerland Ltd Feldeggstrasse 4 8008 Zurich www.catlin.com

Cavotec Group

Via Serafino Balestra 27 6900 Lugano www.cavotec.com

CBRE (Geneva) SA Rue des Bains 33 1205 Geneva www.cbre.ch

New Brook Buildings 16 Great Queen Street WC2B 5DG London www.bral.com

Charles Russell Speechlys LLP

Brinkdoor Ltd trading as Euro London Appointments

Chartered Institute for Securities & Investment

Dreikönigstrasse 31a 8002 Zurich www.eurolondon.com

British Airways

Rue de Chantepoulet 13 1201 Geneva www.britishairways.com

British Embassy

6 New Street Square EC4A 3LX London www.charlesrussellspeechlys.com

8 Eastcheap EC3M 1AE London www.cisi.org

ClearView Financial Media Ltd Heathman’s House 19 Heathmans Road SW6 4TJ London www.clearviewpublishing.com

Thunstrasse 50 3000 Berne www.gov.uk/government/ world/switzerland

Codex Management Anstalt

British American Tobacco International

Cohn & Wolfe Public Relations

Zahlerweg 4 6300 Zug www.bat.ch

Rue Eugène Marziano 25 Bâtiment 43L 1227 Geneva www.cohnwolfe.com

BT Switzerland Ltd

Collège Champittet

BT Switzerland Ltd

Coutts & Co Ltd

Burson Marsteller AG

Crans-Montana Tourism

BVS Zürich – Betriebswirtschaftsund Verwaltungsschule Zürich

Credit Agricole (Suisse) SA

Rte De Pré-Bois 20 1215 Geneva 15 www.bt.com Richtistrasse 5 8304 Wallisellen www.bt.com

Grubenstrasse 40 8045 Zurich www.b-m.ch

Militärstrasse 106 8004 Zurich www.bvs-bildungszentrum.ch

Lova-Center 9490 Vaduz www.codextrust.com

Chemin de Champittet 1009 Pully-Lausanne www.nordanglia.com Quai de L’lle 13 1211 Geneva www.international.coutts.com Avenue de la Gare 20 3963 Crans-Montana 1 www.crans-montana.ch Quai General Guisan 4 1211 Geneva 11 www.ca-suisse.com

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BSCC Members Credit Suisse

Rue de la Monnaie 1–3 1211 Geneva 70 www.credit-suisse.com

Cresta Hotels Davos AG Talstrasse 52 7270 Davos www.cresta-hotels.ch

Crowne Plaza Geneva

Avenue Louis-Casaï 75–77 1216 Geneva Cointrin www.cpgva.ch

Deloitte SA

Route de Pré-Bois 20 1215 Geneva www.deloitte.ch

Deloitte LLP

Equinix (Switzerland) GmbH Hardstrasse 235 8005 Zurich www.equinix.com

ERI Bancaire

Hafner & Hochstrasser

European Tour

Hartmann Müller Partners

Wentworth Drive GU25 4LX Virginia Water www.europeantour.com

Eversheds AG

Schwanengasse 1 3001 Berne www.eversheds.ch

EY SA

Diageo Suisse SA

Farrer

Diethelm Keller Management Ltd. Mühlebachstrasse 20 8032 Zurich www.diethelmkeller.com

Dietrich & Blum AG

Hertistrasse 31 8304 Wallisellen www.dietrichundblum.ch

DLA Piper UK LLP 3 Noble Street EC2V 7EE London www.dlapiper.com

DMI Administrative Services Avenue Louis Casaï 84 1216 Cointrin

Dufour Advokatur Notariat Dufourstrasse 49 4010 Basel www.dufo.ch

Edmond de Rothschild (Suisse) SA Rue de Hesse 18 1204 Geneva www.edmond-de-rothschild.ch

EFG Private Bank Limited Leconfield House Curzon Street W1J 5JB London www.efgl.com

Egon Zehnder International (Switzerland) Ltd Toblerstrasse 80 8044 Zurich www.egonzehnder.com

Embassy of Switzerland

16–18 Montagu Place W1H 2BQ London www.swissembassy.org.uk

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Park Lane Corner of Mount Street W1K 7TN London www.jumeirah.com/gha

Patio Plaza 72 Chemin de l’Etang 1214 Vernier www.eri.ch

Hill House 1 Little New Street EC4A 3TR London www.deloitte.co.uk Rue-du Grand-Pré 2b 1007 Lausanne www.diageo.com

Grosvenor House Apartments

by Jumeirah Living

Route de Chancy 59 1213 Petit-Lancy 1 www.ey.com/ch 66 Lincoln’s Inn Fields London WC2A 3LH London www.farrer.co.uk

Fidutrust Gestion & Conseils SA Chemin des Primevères 45 1701 Fribourg www.fidutrust.ch

First Names (Jersey) Limited Third Floor, 37 Esplanade St Helier JE2 3QA Jersey www.firstnames.com

First Names (Switzerland) Limited Am Schanzengraben 25 8022 Zurich www.firstnames.com

First Names Corporation Sàrl Route des Acacias 24 1227 Les Acacias, Geneva www.firstnames.com

Fladgate LLP

16 Great Queen Street WC2B 5DG London www.fladgate.com

Gastrag

Elisabethenanlage 7 4002 Basel www.gastrag.ch

Gloor & Sieger

Utoquai 37 8024 Zurich www.gloor-sieger.ch

Grayling Schweiz AG Niederdorfstrasse 88 8001 Zurich www.grayling.ch

Gregory Rowcliffe Milners 1 Bedford Row WC1R 4BZ London www.grm.co.uk

General-Guisan-Quai 30 8002 Zurich www.h-h.ch Zürichbergstrasse 66 8044 Zurich www.hmp.ch

IG Bank

Rue de Rhone 42 1204 Geneva www.ig.com/ch

Interdean Relocation Service Im Langhag 9 8307 Effretikon www.interdean.com

Interior Service AG

Bernstrasse Ost 49 5034 Suhr www.interiorservice.ch

Haussmann Treuhand AG

International Herald Tribune (Zürich) GmbH

Haymann Rechtsanwälte

International New York Times

HCI GmbH

International School of Berne

Helvetic Airways AG

International School of the Basel Region AG

Seefeldstrasse 45 8034 Zurich www.h-ptr.ch

Mühlebachstrasse 54 8032 Zurich www.haymannlaw.ch Quai Gustave-Ador 62 1207 Geneva www.hci.ch P.O Box 250 8058 Zurich Airport www.helvetic.com

Hinduja Bank Switzerland Place de la Fusterie 3bis 1211 Geneva 1 www.hindujabank.com

Homburger AG

Prime Tower Hardstrasse 201 8005 Zurich www.homburger.ch

Hotel Beau-Rivage

Quai du Mont-Blanc 13 1201 Geneva www.beau-rivage.ch

Hotel D’Angleterre SA

Quai du Mont-Blanc 17 1201 Geneva www.dangleterrehotel.com

Hotel De La Paix

Quai du Mont-Blanc 11 1211 Geneva 1 www.hoteldelapaix.ch

Hotel Splendide Royal Riva Caccia 7 6900 Lugano www.splendide.ch

Hotel Warwick Geneva

Rue de Lausanne 14 1201 Geneva www.warwickgeneva.com

HSBC Private Bank (Suisse) SA Piazza Manzoni 2a 6901 Lugano www.hsbcprivatebank.com

Baumackerstrasse 46 8050 Zurich www.inyt.com 1 New Oxford Street WC1A 1NU London www.inyt.com Mattenstrasse 3 3073 Gümligen www.isberne.ch

Fleischbachstrasse 2 4153 Reinach www.isbasel.ch

International University in Geneva Route de Pré-Bois 20 1215 Geneva 15 www.iun.ch

Intertrust (Suisse) S.A.

Rue de Jargonnant 1 1207 Geneva www.intertrustgroup.com

Investec Bank

Loewenstrasse 29 8001 Zurich www.investec.ch

Jabre Capital Partners SA Rue des Moulins 1 1204 Geneva www.jabcap.com

Jaguar Land Rover Schweiz AG Industriestrasse 5745 Safenwil www.jaguar.ch

Jeeves Group

Bahnhofstrasse 7 9494 Schaan www.jeeves-group.com

Julius Baer International Ltd. 64 St. James’s Street SW1A 1NF London www.juliusbaer.com

Kaiser Partner Privatbank AG Herrengasse 23 9490 Vaduz www.kaiserpartner.com

Kellerhals Anwälte

LGT Bank in Liechtenstein

Niederer Kraft & Frey AG

Regus Stockerhof GmbH

Kellerhals Anwälte Bern

Lindt & Sprüngli (UK) Ltd

Nordea Bank SA

Reyl & Cie SA

OnAir

Robert Half International

OU Business School

Rooks Rider Solicitors LLP

PABS Résidences + Appartements AG

Sarasin & Partners LLP

Hirschgässlein 11 4051 Basel www.kellerhals.ch Kapellenstrasse 14 3001 Berne www.kellerhals.ch

Keltie LLP

Herrengasse 12 9490 Vaduz www.lgt.com

Top Floor 4 New Square TW14 8HA Feltham www.lindt.com

Fleet Place House 2 Fleet Place EC4M 7ET London www.keltie.com

Lombard Odier & Cie

Kessler & Co AG

Lombard Odier Darier Hentsch UK Ltd

Forchstrasse 95 8032 Zurich www.kessler.ch

Koller Auktionen AG

Rue de l’Athénée 2 1205 Geneva www.kollerauctions.com

Koller Auktionen AG

Hardturmstrasse 102 8031 Zurich www.kollerauktionen.ch

KPMG AG

Viaduktstrasse 42 4002 Basel www.kpmg.ch

KPMG AG

Chemin De-Normandie 14 1211 Geneva 12 www.kpmg.com

Kugler Bimetal SA

Chemin du Château-Bloch 17 1219 Le Lignon, Geneva www.bimetal.ch

Lateltin AG

Im Hölderli 19 8405 Winterthur www.lateltin.com

Lenz & Staehelin

Bleicherweg 58 8027 Zurich www.lenzstaehelin.com

Lenz & Staehelin

Route de Chêne 30 1211 Geneva 17 www.lenzstaehelin.com

Leopoldo Hotels & Restaurants SA Villa Principe Leopoldo & Residence 6900 Lugano www.leopoldohotel.com

Le Richemond

Jardin Brunswick 1201 Geneva www.dorchestercollection.com/ geneva/le-richemond

Leschgo & Partners International AG Blegistrasse 13 6340 Baar www.leschgo.com

Utoquai 31 8008 Zurich www.lombardodier.com

Queensberry House 3 Old Burlington Street W1S 3AB London www.lombardodier.com

London City Airport

City Aviation House Royal Docks E16 2PB London www.londoncityairport.com

Maerki Baumann & Co AG Dreikönigstrasse 6 8022 Zurich www.mbczh.ch

Mandarin Oriental Hotel Du Rhône Quai Turrettini 1211 Geneva 1 www.mandarinoriental.com

Mann Made Group

180–186 Kings Cross Road WC1X 9DE London www.mannmade.eu

Mentha & Associes Rue de l’Athénée 4 1211 Geneva 12 www.mentha.ch

Mirabaud & Cie

Blvd. Georges-Favon 29 1204 Geneva www.mirabaud.com

Morval

18 Rue Charles-Galland 1206 Geneva www.morval.ch

MVT Architectes SA

Chemin du Triangle 8 1295 Mies www.mvt-architectes.ch

NBAD Private Bank (Suisse) SA Quai de l’Île 5 1211 Geneva www.nbadsuisse.ch

Nestlé SA

Avenue Nestlé 55 1800 Vevey www.nestle.com

Neue Bank AG

Marktgass 20 9490 Vaduz www.neuebankag.li

Bahnhofstrasse 13 8001 Zurich www.nkf.ch

Mainaustrasse 21/23 8008 Zurich www.nordea.ch Avenue Louis Casaï 71 1216 Geneva Cointrin www.onair.aero P.O.Box 2202 5600 Lenzburg www.open.ac.uk/switzerland

Grundstrasse 24 8048 Zurich www.pabs.ch

Packimpex Ltd

Brunnmattstrasse 5 3174 Thörishaus b. Berne www.packimpex.ch

Pestalozzi Attorneys at Law Löwenstrasse 1 8001 Zurich www.pestalozzilaw.com

Pestalozzi Avocats SA

Cours de Rive 13 1204 Geneva www.pestalozzilaw.com

Prager Dreifuss AG

Mühlebachstrasse 6 8008 Zurich www.prager-dreifuss.com

PricewaterhouseCoopers

Avenue Giuseppe Motta 50 1211 Geneva 2 www.pwc.ch

Principal Global Investors

1 Wood Street EC2V 7JB London www.principalglobalfunds.com

PrivatAir SA

Chemin des Papillons 18 1215 Geneva 15 www.privatair.com

Python & Peter

Rue François-Bellot 6 1206 Geneva www.pplex.ch

Randstad (Schweiz) AG Leutschenbachstrasse 45 8050 Zurich www.randstad.ch

The Royal Bank of Scotland plc., Edinburgh Zurich Branch Lerchenstrasse 24 8022 Zurich www.rbs.com

Dreikönigstrasse 31A 8002 Zurich www.regus.com Rue du Rhône 62 1204 Geneva www.reyl.com Bahnhofplatz 9 8001 Zurich www.roberthalf.ch

Challoner House 19 Clerkenwell Close EC1RORR London www.rooksrider.co.uk

Juxon House 100 St. Paul’s Churchyard EC4M 8BU London www.sarasin.co.uk

SCB Ltd

18th Floor, Heron Tower 110 Bishopsgate EC2N 4AY London www.starcb.com

Schellenberg Wittmer Rue des Alpes 15 bis 1211 Geneva 1 www.swlegal.ch

Schellenberg Wittmer Löwenstrasse 19 8023 Zurich www.swlegal.ch

Schindler UK Ltd

Benwell House Green Street TW16 6QS Sunbury www.schindler.com

Schoch, Auer & Partner, Rechtsanwälte Marktplatz 4 9004 St. Gallen www.schochauer.ch

Schroder & Co Bank AG Rue d’Italie 8 1204 Geneva www.schroders.com

SEG Swiss Education Group Avenue des Alpes 27 1820 Montreux www.swisseducation.com

SFL Regulatory Affairs Hochstrasse 51 4053 Basel www.sfl-services.com

SGS Group Management Ltd Place des Alpes 1 1201 Geneva 1 www.sgs.com

79

BSCC Members Sibalco AG

Swiss Indoors AG

Unisys (Schweiz) GmbH

SICPA UK

Swiss International Air Lines

US Tax & Financial Services

SIR Service d’Intervention Rapide SA

Swiss International Air Lines Ltd

US Tax & Financial Services

SIX Swiss Exchange

swisspartners Investment Network AG

VIA MAT Management AG

Birmannsgasse 8 4009 Basel www.sibalco.ch 29 Star Road Partridge Green RH13 8RA Horsham, West Sussex www.sicpa.com

Chemin de la Crétaux 1196 Gland www.sirsa.ch

Selnaustrasse 30 8021 Zurich www.six-swiss-exchange.com

SMP Partners Limited

Clinchs House Lord Street IM99 1RZ Douglas, Isle of Man www.smppartners.com

Société Générale, Paris/ Zurich Branch

Bettenstrasse 73 4123 Allschwil www.swissindoorsbasel.ch P.O. Box 191 1215 Geneva 15 www.swiss.com

Heathrow Boulevard 2 284 Bath Road UB7 0DQ Sipson, West Drayton www.swiss.com/uk

Am Schanzengraben 23 8022 Zurich www.swisspartners.com

Chutzenstrasse 24 3000 Berne 14 www.unisys.ch

Loewenstrasse 28 8021 Zurich www.ustaxonline.com Magdalen House 136 Tooley Street SE1 2TU London www.ustaxonline.com Grüssenhölzliweg 3 4133 Pratteln www.viamat.com

swissQuant Group

Victoria-Jungfrau Grand Hotel & Spa

Kuttelgasse 7 8001 Zurich www.swissquant.com

Höheweg 41 3800 Interlaken www.victoria-jungfrau.ch

Switzerland Travel Centre 30 Bedford Street WC2E 9ED London www.stc.co.uk

Victorinox

Talacker 50 8021 Zurich www.societegenerale.com

Society of Trust and Estate Practitioners

TASIS The American School in Switzerland

Victorinox Retail (UK) Ltd

Artillery House (South) 11–19 Artillery Row SW1 1RT London www.step.org

Via Poporino 6926 Montagnola www.tasis.com

Standard Bank Offshore Group Ltd

14 New Street EC2M 4HE London www.thomaseggar.com

Standard Bank House JE4 8XR St.Helier, Jersey www.sboff.com

Standard Chartered Bank (Switzerland) Sàrl Rue du Rhône 50 1204 Geneva www.privatebank. standardchartered.com

Starsupply Renewables SA Les Hauts de St Jean Avenue de Perdtemps 17 1260 Nyon www.starsupply.ch

Steptoe & Johnson LLP Avenue Louise 489 1050 Brussels www.steptoe.com

Summit Trust International SA Place des Eaux-Vives 6 1207 Geneva www.closetrustees.com

Supercomm Langues

Boulevard du Pont-d’Arve 28 1205 Geneva www.supercomm.ch

Swiss Bankers Association Aeschenplatz 7 4002 Basel www.swissbanking.org

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Thomas Eggar LLP

Thomson Reuters (Markets) SA Hufgasse 10 8022 Zurich www.reuters.com

Thouvenin Rechtsanwälte Klausstrasse 33 8034 Zurich www.thouvenin.com

Tibits AG

Seefeldstrasse 7 8008 Zurich www.tibits.ch

Trafigura

Rue Jargonnant 1 1207 Geneva www.trafigura.com

UBS SA

Via Cantonale 18 6928 Manno www.ubs.com

UBS Optimus Foundation Augustinerhof 1 8098 Zurich www.ubs.com/optimus

Umbricht Attorneys Bahnhofstrasse 22 8022 Zurich www.umbricht.ch

Rue du Marché 2 1204 Geneva www.victorinox.com/ch 95–96 New Bond Street W1S 1DB London www.victorinox.com

Vifor (International) AG Rechenstrasse 37 9001 St. Gallen www.viforpharma.com

Vitol SA

Bouelvard du Pont-d’Arve 28 1205 Geneva www.vitol.com

W. Schneider+Co AG

Postfach 78 8135 Langnau am Albis www.wschneider.com

Walch & Schurti

Zollstrasse 9 9490 Vaduz www.walchschurti.net

Walder Wyss Ltd.

Seefeldstrasse 123 8034 Zurich www.walderwyss.com

Westleton Drake

9 Devonshire Square EC2M 4YF London www.westletondrake.com

Widder Hotel

Rennweg 7 8001 Zurich www.widderhotel.ch

Young & Rubicam Switzerland P.O. Box 2157 8022 Zurich www.ayr.ch

BSCC SMALL BUSINESS MEMBERS AAMIL (SWISS) SA

Bonnard Lawson

Charles Russell Speechlys LLP

Culliford Edmunds Associates

Access Financial Services Sàrl

Boyden global executive search

Chateau Fiduciaire SA

Guillaume de Rham & Cie

Accurity GmbH

British Beds Worldwide Ltd

Chemgo Organica AG

Place du Bourg de Four 8 1204 Geneva www.aamil.com Chemin de Precossy 7 1260 Nyon 2 www.accessfinancial.ch Bahnhofstrasse 11 8302 Kloten www.accurity.ch

AES International

Bahnhofstrasse 98–100 8001 Zürich www.aesinternational.com

AFS Wealth Advisers S.A. Quai Gustave Ador 36 1207 Geneva www.abbey-fs.com

Alpine Trustees SA

Rue du Cendrier 15 1211 Geneva 1 www.alpine-trustees.com

Altaira Wealth Management S.A. Quai du Seujet 30 1201 Geneva www.altaira.ch

AP Executive Sarl

Place des Bergues 3 1201 Geneva www.ap-executive.com

Ariannol Trustees (Suisse) SA Rue de St-Jean 30 1203 Geneva www.ariannol.ch

Atlanticomnium SA

Route de Malagnou 24 1211 Geneva 17 www.atlanticomnium.ch

AtmosClear SA

Chemin De Pony 14 1066 Epalignes www.atmosclear.com

Auris Relocation AG

P.O. Box 8065 Zurich www.aurisrelocation.com

BANDO advisory partners AG Lange Gasse 90 4002 Basel www.bandoadvisory.ch

Blackden Financial

Route de Suisse 25 1290 Versoix www.blackdenfinancial.com

Bloch Law Offices

Via Carducci 4 6900 Lugano www.blochlawoffices.com

Rue du General Dufour 11 1204 Geneva www.ilf.ch Gotthardstrasse 55 8001 Zurich www.boyden.ch/switzerland

1–2 Moorside Court Yelverton Business Park PL20 7PE Yelverton www.britishbedsworldwide.com

UK Mission to the UN

Ave Louis Casai 58 1216 Geneva Cointrin www.gov.uk/government/world/ uk-mission-to-the-un-geneva

Brasidas Group AG Brügglistrasse 17 8852 Altendorf www.brasidas.ch

Bruppacher Hug & Partner Zollikerstrasse 58 8702 Zollikon www.bhp.ch

BSL Business School Lausanne Route de la Maladière 21 1022 Chavannes www.bsl-lausanne.ch

burckhardt Ltd

Mühlenberg 7 4010 Basel www.burckhardtlaw.com

Cabinet Privé de Conseils s.a.

(CPC)

Basteiplatz 7 8001 Zurich www.charlesrussellspeechlys.com Rue Du Rhone 60 1211 Geneva 3 www.chateaufid.com Spalentorweg 62 4003 Basel www.chemgo.ch

Chronologica SA

Rue de Rive 64 1260 Nyon www.chronologica.ch

CIPS

Easton House, Easton on the Hill, Stamford, Lincs PE3 9NZ Stamford www.cips.org

coANDco UK Ltd

Unit 16 14 Southgate Road North Shoreditch N1 3LY London www.coandcouk.com

Cogesp SA

Via S. Balestra 17 6900 Lugano www.cogesp.com

Collyer Bristow LLP

Rue Pedro-Meylan 2 1208 Geneva www.collyerbristow.com

Combo Management AG

Boulevard des Philosophes 17 1211 Geneva 7 www.cpc-pr.ch

PO Box 2157 8022 Zurich www.combo-management.com

CamberwellB Events

Community Investors Development Agency

Route de Crassier 7 1262 Eysins www.camberwellb.com

Cambridge Examinations Centre Zürcherstrasse 46 8400 Winterthur www.cambridge-exams.ch

Carey Nova Group

Rue Pierre-Fatio 15 1211 Geneva www.careygroup.gg

Carnegie Fund Services SA

Rue du Général-Dufour 11 1204 Geneva www.carnegie-fund-services.ch

Cash Back VAT Reclaim AG Gewerbestrasse 11 6330 Cham www.cashback.ch

Resource Centre 2 Factory Lane N17 9FL London www.cidagroup.org

20 Dickinson Square WD3 3HA Croxley Green www.culliford-edmunds.com Route de Lausanne 254 1292 Geneva-Chambésy

DGE Avocats

Rue Bartholoni 6 1211 Geneva 11 www.dgepartners.com

Dorchester Clubs Limited 42 Beaufort Court Admirals Way E14 9XL London www.thepaclub.com

Dramla SA

Route de Suisse 135a 1290 Versoix

DTZ

Rue François-Bonivard 6 1201 Geneva www.dtz.com/ch

ecos office center AG Bellerivestrasse 11 8008 Zurich www.ecos-office.com

Emerald Casa SA

Via Cassarinetta 10 6900 Lugano www.emerald-casa.ch

Faithful Gould Ltd. ZN Basel Innere Margarethenstrasse 5 4051 Basel www.fgould.com

Financial Strategy SA Via Greina 3 6901 Lugano www.finstrategy.com

Forbo International SA Lindenstrasse 8 6341 Baar www.forbo.com

CONTEXT Content & Copywriting

Forth Capital (Geneve) Sarl

CONVINUS International Employment Solutions

Fribourg Development Agency

Route de Frontenex 114 1208 Geneva www.context-writers.ch

Talstrasse 70 8001 Zurich www.convinus.ch

Corporate Copywrite AG Bellerivestrasse 209 8008 Zurich

CTC Clinical Trial Consulting AG Greifengasse 1 4058 Basel www.ctcon.ch

Boulevard Des Philosophes 26 1205 Geneva www.forthcapital.com Boulevard de Pérolles 25 1701 Fribourg www.promfr.ch

Fund Advisers Europe SA Rue De Contamines 35 1206 Geneva www.fundadvisers.eu

G&P Fiduciaire

Route de Frontenex 86 bis 1211 Geneva 6 www.gpfiduciaire.ch

81

BSCC Members Genève Sport SA

Rue des Eaux-Vives 116 1207 Geneva www.geneve-sport.com

Geremant S.A.

Avenue de Champel 24 1211 Geneva 12 www.geremant.com

Giroud & Anderes Florastrasse 17 8700 Küsnacht www.gampa.ch

Graham Associates AG Breitackerstrasse 1 8702 Zollikon

Grether MacGeorge GmbH Austrasse 95 4051 Basel www.gmacg.com

h.o.m.e.s. GmbH

Klingental 17 4058 Basel www.homesbasel.com

Holmes Place AG – Seepark Oberrieden Seestrasse 97 8942 Oberrieden www.holmesplace.ch

Howard Rosen Solicitors Baarerstrasse 98 6302 Zug www.legalease.ch

Instinctif Partners

Schweizerhof-Passage 7 3001 Berne www.instinctif.com

IPAF

Dufourstrasse 11 4052 Basel www.ipaf.org

Jauch Associates AG

Basteiplatz 7 8001 Zurich www.jauchassociates.com

JTC (Suisse) SA

Rue Ami-Lullin 3 1211 Geneva 3 www.jtcgroup.com

Kanton Nidwalden Wirtschaftsförderung Stansstaderstrasse 54 6371 Stans www.nw.ch

Knight Frank Switzerland

Rue des Pierres-du-Niton 17 1207 Geneva www.knightfrank.com/switzerland

Koller Auctions

Grosvenor Street 67 W1K 3JN London www.kollerauctions.com

82

Le News Sàrl

on-IDLE Ltd.

Liberty Vested Pension Benefits Foundation

Packimpex Ltd

World Trade Center Avenue Gratta-Paille 2 1018 Lausanne www.lenews.ch

Postplatz 3 6431 Schwyz www.liberty-pension.ch

Lloyd’s Underwriters London Seefeldstrasse 7 8008 Zurich www.lloyds.com

Malik PIMS, PIMS Associates Ltd. 15 Basinghall Street EC2V 5BR London www.malikpims.com

MATCH Hospitality AG

Berger House 38 Berkeley Square W1J5AH London www.match-hospitality.com

Metelcom AG

Cho d’Punt 57 7503 Samedan www.metelcom.ch

MilleniumAssociates AG

Kreuzstrasse 54 8008 Zurich www.milleniumassociates.com

Monfort International Rämistrasse 31 8001 Zurich www.monfortintl.com

Moor & Bachmann AG

Peter Merian-Strasse 21 4010 Basel www.moorbachmann.ch

Moore Stephens Refidar SA Avenue de France 23 1211 Geneva www.moorestephens.ch

Nexell GmbH

Poststrasse 6 6300 Zug www.nexell.net

Nordwand Group AG

Uraniastrasse 24 8001 Zurich www.nordwandgroup.com

Odey Asset Management

Rue Sigismond-Thalberg 2 1201 Geneva www.odey.com

Office for Economy & Labour of Canton Zurich Walchestrasse 19 8090 Zurich www.awa.zh.ch

OffTheShelf English Bookshop Bvd Georges Favon 15 1204 Geneva www.offtheshelf.ch

Lincoln House 75 Brokesley Street E3 4QJ London www.on-idle.com Route des Moulières 5 1217 Meyrin/Geneva www.packimpex.ch

PA Consulting Group

Innere Margarethenstrasse 5 4051 Basel www.paconsulting.com

Parkimmo SA

Rue de La Croix d’Or 19 1204 Geneva

pension fund pro

Rue des Marchandises 13 1260 Nyon 1 www.pkpro.ch

Performance Development Partners SA ICC Building 1215 Geneva 15 www.pdpeurope.ch

Peritus Investment Consultancy Walchestrasse 23 8006 Zurich www.peritus.co.uk

Permanent Mission of Botswana Rue de Lausanne 80 1202 Geneva www.botswanaun.org

Picot, Street & Associés Route de Suisse 100 1290 Versoix www.psea.ch

Pictet & Cie

Freigutstrasse 12 8002 Zurich www.pictet.com

Prager Dreifuss Attorneys at Law Schweizerhof-Passage 7 3001 Berne www.prager-dreifuss.com

PRS Services AG

Strehlgasse 33 8022 Zurich www.prs-services.com

Rawlinson and Hunter SA

Rue de l’Athenee 34 1211 Geneva 12 www.rawlinson-hunter.com

Refidar Moore Stephens AG Europastrasse 18 8152 Glattbrugg www.ms-refidar.ch

Robert Walters

Brandschenkestr 6 8005 Zurich www.robertwalters.ch

Rosetrust AG

Baarerstrasse 98 6302 Zug www.rosetrust.ch

Saffery Champness (Suisse) SA Avenue Pictet-de-Rochemont 7 1207 Geneva www.saffery.ch

SBS Swiss Business School

Balz-Zimmermannstrasse 34 8302 Kloten www.sbs.edu

Scan Magazine

4 Baden Place Crosby Row SE1 1YW London www.discovergermany.com

Schibler Hovagemyan Attorneys at law LLC Boulevard du Théâtre 3bis 1211 Geneva 11 www.shavocats.com

Scottish Development International Kasernenstrasse 27 40213 Düsseldorf www.sdi.co.uk

Scottish Council for Development & Industry 23 Chester Street EH3 7ET Edinburgh www.scdi.org.uk

Silvia von Ballmoos Communications AG

Oststrasse 3 8500 Frauenfeld www.vonballmoos.net

Smartville

Zypressenstrasse 121 8026 Zurich www.smartville.ch

Soba Inter AG

Im Grund 15 5405 Baden-Dättwil www.soba-inter.com

Sogeni SA

Rue du Collège 1 1800 Vevey www.sogeni.com

Solidinvest AG

Mühlebachstrasse 43 8008 Zurich www.solidinvest.ch

Spectro Oil AG

Rinaustrasse 452 4303 Kaiseraugst www.spectro-oil.com

Spencer Stuart

Route de l’Aéroport 10 1215 Geneva 15 www.spencerstuart.com

Sports Development Marketing Sarl Maison du Sport International Avenue de Rhodanie 54 1007 Lausanne www.geneva2014.com

Steimle and Partners Consulting SAGL Via Nassa / Via Dogana Vecchia 2 6900 Lugano www.steimle-consulting.ch

Studio Legale Gambazzi Berra Via Dogana Vecchia 2 6900 Lugano www.gambazziberra.ch

Swiss Business Hub United Kingdom

16–18 Montagu Place W1H 2BQ London www.eda.admin.ch/eda/en/home/ reps/eur/vgbr/ukemlo/busgbr

Swisslinx AG

Löwenstrasse 29 8001 Zurich www.swisslinx.com

swisspartners Investment Network Ltd

UMEF University of Management, Economics

Switzerland Tourism

Valcourt SA

TaxPro Sàrl

Vertech SA

The Coaching Group of Switzerland

Vicena International

Rue Neuve-du-Molard 24 1211 Geneva 3 www.swisspartners.com

30 Bedford Street, 2nd floor WC2E 9ED London www.myswitzerland.com Avenue de Luserna 40 1203 Geneva www.tax-pro.ch

Rue de Lausanne 45–47A 1201 Geneva www.umef-university.ch Rue de la Rôtisserie 2 1211 Geneva 11 www.valcourt.ch Carrefour de Rive 1 1207 Geneva www.businessmir.ch

Florastrasse 13 8800 Thalwil www.coachgroupofch.ch

Midas House 2 Knoll Rise BR6 0EL Orpington www.vicena.co.uk

Tiger Bay Holdings

Weber Shandwick Switzerland

Via Massagno 24 6900 Lugano www.tigerbaygroup.com

Passage Malbuisson 15 1211 Geneva www.webershandwick.com

Weber-Thedy AG

Zeltweg 25 8032 Zurich www.weber-thedy.com

Withers LLP

Utoquai 43 8008 Zurich www.withersworldwide.com

Withers LLP, Geneva Branch Rue du Rhône 63 1204 Geneva www.withersworldwide.com

Worldbox AG

Breitackerstrasse 1 8702 Zollikon www.worldbox.ch

Zurich Chamber of Commerce – ZHK Selnaustrasse 32 8022 Zurich www.zurichcci.ch

CAN’T FIND YOUR NAME ON THE LIST? Join the BSCC as a member now! www.bscc.co.uk

83

BSCC Members

BSCC MICRO BUSINESS MEMBERS 21st Century Productions

Aplomb Translations

Blattler Limited

Coaching Without Borders

Abraham Beratung und Coaching

Apperly Estates Ltd

Blyss

Codeangels Solutions GmbH

AC Consulting SA

Aquamarine Zurich AG

Blue Pencil Investments SA

Collard Capital SA

Across Consulting Ltd

Arcon Informatik AG

BlueSky Development AG

Credit Agricole (Suisse) SA

Art & Law by Calcò

BRICAD Associates Sarl

Crimson Capital

at your service

Brugg Rohrsystem AG

Cultural Prisma

Hirschengraben 15 6003 Luzern www.21co.ch

Mainaustrasse 35 8008 Zurich www.abrahamberatung.ch Chemin Frank Thomas 66 1223 Cologny www.acconsultingsa.com

The Duke Of Wellington Avenue 9–11 Gunnery Terrace Gunnery House Royal Arsenal SE18 6SW London www.across-consulting.com

Activideo Formation SA Chemin du Parc 7 1297 Founex

AF Partners AG Buelstrasse7 9052 Teufen

AFRA-Assoc.Fabbricanti Abbigliamento e operatori offini c/o Camera di Commercio, Ticino 6901 Lugano

AIESEC

Rämistrasse 66 8001 Zurich www.aiesec.ch/zurich

Andaleeb Lilley Photography Feldhof 25 6300 Zug www.andaleeblilley.ch

Andrea G. Zabbeni

Chemin de Ballallaz 18 1820 Montreux www.zabbeni.com

Andreas Schmid lic.iur Gotthardstrasse 21 8002 Zurich www.as-law.ch

Angloinfo Geneva

Route de Pré-Bois 20 1215 Geneva 15 www.geneva.angloinfo.com

Anne Mosseri-Marlio Galerie Malzgasse 20 4052 Basel www.annemoma.com

AOSR

Place du Cirque 2 1211 Geneva 11 www.amisosr.ch

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74 Chancery Lane WC2A 1AD London www.aplombonline.com Route de Nyon 5 1262 Eysins www.apperlyestates.co.uk Rämistrasse 18 8001 Zurich www.aquamarinefund.com Hinterbergstrasse 24 6330 Cham/Zug www.arcon.ch

Löwenstrasse 55 8001 Zurich www.artlaw-calco.com Route du Village 19 1195 Bursinel www.atyourservice.co.uk

Audax Global SARL

Route du Cottens 1117 Grancy www.audaxglobal.com

B Capital SA

Rue Général-Dufour 20 1204 Geneva www.b-cap.ch

Badertscher Anwälte Mühlebachstrasse 32 8024 Zurich www.b-legal.ch

Balthasar Wicki

Bertastrasse 21 8004 Zurich www.wickipartners.ch

Bantel & Partner AG Othmarstrasse 8 8008 Zurich www.bantel.ch

Barzilay-Mattis Services

Avenue Dumas 20 1206 Geneva www.barzilayservices.com

Basel Area Business Development Aeschenvorstadt 36 4010 Basel www.baselarea.ch

Beat Mattenberger & Co

Piazzetta San Pietro 6 6612 Ascona www.mattenbergerundco.ch

Blankx SA - Printgala Obergrundstrasse 42 6003 Luzern www.printgala.com

31 Whitmore Road BR3 3NU Beckenham www.blattler.com Zollikerstrasse 44 8008 Zurich www.blyss.ch Chemin de L’Oche 1 1271 Givrins www.bluepencilinvestments.com Villa Traubengut, Seidenstrasse 27 8400 Winterthur www.myBlueSky.ch Route de Founex 16 1296 Coppet www.bricad.com

Unit 1 Pool Rd Business Centre CV109AQ Nuneaton www.pipesystems.com

Bruton Capital Ltd

Chemin De La Foge 16 1291 Commugny www.brutoncapital.com

BTL Services Sàrl

Chemin Beau Soleil 5 1206 Champel www.btl.ch

C3Centricity

Chemin des Prélets 13 1027 Lonay www.c3centricity.com

Cabinet Comptable Ayoob Rawat Avenue Dumas 37/39 1206 Geneva www.cabinetcomptablerawat.ch

Choquard Attorneys

Langjurthenstrasse 10 8700 Küsnacht www.ch-ca-choquattorneys.ch

City Gardens, Landscaping & Garden Design P.O. Box 131 5712 Beinwil am See www.citygardens.ch

Clontarf Advisory Services SA Chemin de Bonvent 42 Le Grand Saconnex 1218 Geneva

Clues & Co

Ewer House 44-46 Crouch Street CO3 3HH Colchester www.clues.co.uk

Uetlibergstrasse 197 8045 Zurich www.coachingwithoutborders.com Industriestrasse 8 8618 Oetwil Am See www.hedgehome.ch

Rue du 31 Décembre 17 1207 Geneva www.collardcap.net Lintheschergasse 15 8001 Zurich www.ca-suisse.com

Grundstrasse 9 8126 Zumikon www.crimsoncapital.org Gilgenbergerstrasse 18 4053 Basel

Daniel Partners GmbH Baarerstrasse 38 6300 Zug www.danielpartners.ch

Dixcart Corporate Services Sarl Rue du Port 3 1211 Geneva 3 www.dixcart.com

Dr. Rudolf K. Sprüngli Strategy Consulting (RKSSC) Auf der Mauer 1 8001 Zurich www.rkssc.com

Dr. Thomas A. Biland Executive Search Coaching Consulting Florastrasse 49 8008 Zurich www.thomasbiland.ch

Dryden Associates SA

Avenue Jules Crosnier 6 1211 Geneva 12 www.dryden.ch

E.G. Arghyrakis

11 Bouverie Street EC4Y 8DP London www.egalegal.com

EDU-CARE

Chemin de la Combe 28 1260 Nyon www.friends-of-india.org

EFG Bank SA

Quai du Seujet 24 1211 Geneva 2 www.efgbank.com

Enhanced Value Advisory Ltd Limmatquai 94 8001 Zurich www.e2va.com

Enterprise Governance Partners Sàrl Chemin Clé des Champs 22 1234 Vessy www.egpartners.ch

Future Watch International Recruiting General Wille-Strasse 21 8002 Zurich www.futurewatch.ch

GAFTA

Rue de la Cloche 8 1201 Geneva www.gafta.com

Hotel Caprice, Wengen

leading brains

Hoval Holding AG

Lindner Hotels

Lovey Wymann’s Schreib-Lounge

Woodlands House Chestnut Close KT20 6QB Kingswood www.caprice-wengen.ch Austrasse 70 9490 Vaduz www.hoval.com

Escrow Europe (Switzerland) AG

Gagosian Gallery

Howard Brundrett Photography GmbH

European Business Consultants (EBC)

GEMS Europe GmbH

Human Behaviour Study Centre

Ibelweg 18a 6300 Zug www.escroweurope.ch

Einsiedlerstrasse 159 8810 Horgen www.ebcch.com

Expat-Expo GmbH

Rothusstrasse 6 6215 Beromünster www.expat-expo.info

Fearn Associates

Villa Carpe Diem Sous les Vignes 7 1164 Buchillon www.fearn-associates.com

Federation of Swiss Societies in the United Kingdom 6 Matthews Chase RG42 4UR Binfield www.swiss-societies.co.uk

Fennobiz Sàrl

Route de Plantières 39 1817 Brent www.fennobiz.com

Fiduciary Partners AG

Seefeldstrasse 15 8008 Zurich www.fiduciarypartners.ch

FinIQ Solutions AG Dreikönigstrasse 31a 8002 Zurich www.finiq.ch

FranklinCovey leadership Institut GmbH General-Guisan-Strasse 6/8 6303 Zug www.franklincovey.ch

fS Services GmbH Tannenstrasse 52 8424 Embrach www.fsservices.ch

Furrer.Hugi&Partner AG Schauplatzgasse 39 3011 Berne www.furrerhugi.ch

Fürst UK Ltd

Beim Buremichelskopf 21 4059 Basel www.fuerst.ch

Place de Longemalle 19 1204 Geneva www.gagosian.com Reblaubenweg 4a 8820 Wädenswil www.gems-europe.com

Geneva English School Route de Malagny 36 1294 Genthod www.geschool.ch

Geneva Wealth Capital Management SA Avenue de Miremont 12 1206 Geneva www.gwcm.ch

Gill Parker Consultancy Ltd 19a Goodge Street W1T 2PH London www.gillparker.net

Goodness Gracious Foods

CP 5530 1211 Geneva 11 www.goodnessgraciousfoods.com

Gordon Dunn & Associates Snowbird 010 1936 Verbier www.gordondunncfo.com

Grant Thornton SA

Route de Pré-Bois 20 1215 Geneva 15 www.grant-thornton.ch

Gresham Street Partners 49 Broughton Road SW6 2LE London qropspensionsguide.com

Hanover Rose International Grundacher 5 6060 Sarnen www.hanover-roseint.com

Hartmann Singleton Ltd

Skipton Hill Farm YO7 2DQ Thirsk www.hartmannsingleton.com

Head to Head

Rue Ferdinand Hodler 7 1207 Geneva www.headtohead.ch

Healthy and Safe Away from Home Waldmattstrasse 1 8135 Langnau am Albis/ ZH www.healthyandsafe.ch

Klybeckstrasse 42 4057 Basel www.howardbrundrett.com Casella 613 6903 Besso/Lugano

I.J. Martin & Co Ltd, Executive Coaches for Global Business Leaders Mühlegasse 13 8001 Zurich www.ijmartin.com

Ignis Asset Management Rennweg 22 8001 Zurich www.ignisasset.com

In English

Rietholzstrasse 17 8125 Zollikerberg www.inenglish.ch

Inaccord AG

Oberbrueglenweg 10 6340 Baar www.inaccord.ch

InnaSoft ltd

145–157 St John Street EC1V 4LS London www.innasoft.com

Inspire Coaching GmbH

Bernoullistrasse 20 4056 Basel www.inspirecoaching.com

Institut Florimont

Avenue du Petit-Lancy 37 1213 Petit-Lancy, Geneva www.florimont.ch

Jackanapes Productions GmbH

Moosstrasse 8 8038 Zurich www.internationalcomedyclub.ch

Kinetic Partners (Switzerland) SA Quai Gustave-Ador 30 1207 Geneva www.kinetic-partners.com

Krisken Management SA Avenue d’Ouchy 66 1006 Lausanne www.kmgva.ch

Lamprecht Leadership Consultants AG

Bleicherstrasse 4 6003 Luzern www.leading-brains.com 118–127 Park Lane W1K 7LH London www.lindner.de/en Hauptstrasse 18A 5330 Bad Zurzach www.schreib-lounge.ch

Lucy Ulrich Editing & Translating Marschalkenstrasse 15 4054 Basel

Master Key to Asia

31A Belgrave Court Canary Riverside 36 Westferry Circus E14 8RL London www.davidcliveprice.com

Maya Kitchen Consulting GmbH Witikonerstrasse 264 8053 Zurich www.mayakitchen-consulting.ch

McKay’S

Chemin du Joran 10 1297 Founex www.mckays.ch

MD Legal Services Ltd 12, Spring Bridge Mews W5 2AB London

Monthoux Energy Sàrl

Rue du Jeu-de-l’Arc 15 1211 Geneva www.monthouxenergy.com

Moving Brands GmbH

Zwickystrasse 3 8304 Wallisellen www.movingbrands.com

mt:onyx AG

Wiesenstrasse 22 8917 Oberlunkhofen www.mtonyx.com

Nanra Consulting

General Wille Strasse 88 8706 Meilen

Net AG

Bahnhofstrasse 16 9494 Schaan

New Pace Consulting SA

Seefeldstrasse 69 8008 Zurich www.newpaceconsulting.com

O public relations GmbH Hauptstrasse 72b 4107 Ettingen www.os-pr.com

Schwyzerstrasse 42d 8832 Wollerau www.lamprecht-lc.ch

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BSCC Members Oadby Design Studio

Sandler Training

Tailored Pensions Sarl

Urs Amsler GmbH

Osmond W.M. Plummer

Savoy Organisations Management GmbH

Tandem Asset Management SA

VeroCheck

19–23 Burleys Way LE1 3BE Leicester www.oadbydesignstudio.co.uk Route des Fayards 197 1290 Versoix www.wealthcoaching.ch

Pelion Advisors SA

Avenue Jules Crosnier 6 1211 Geneva 12

Performance-PM Consulting Sarl Rue de Lyon 57 1203 Geneva www.performance-pm.com

Pharmaceutical Consultants Dorfstrasse 13 6442 Gersau

Pilatus Advisory Limited c/o Merlin Partners LLP 90 Jermyn Street SW1Y 6JD London www.merlinllp.com

PKB Privatbank AG Via Balestra 1 6901 Lugano www.pkb.ch

Platform Networking for Jobs Militärstrasse 76 8004 Zurich www.networking-for-jobs.ch

Premier Suisse Estates

Feldeggstrasse 65 8008 Zurich www.premier-suisse-group.com

Projex’s

Chemin Roillebot 2 1185 Mont-sur-Rolle www.projexs.ch

Rebecca Emmett Employment Law

24 Greville Street EC1N 8SS London www.rebeccaemmettemployment law.com

Relocation Switzerland (UK) Ltd Estate Office Dalham Hall CB8 8TB Newmarket www.relocationswitzerland.ch

River View Relocation

124A Providence Square SE1 2ED London www.rvrelocation.com

RNB Consulting GmbH Kastanienweg 7 8802 Kilchberg

Saentys Communication Ltd Unit A42, Jack’s Place 6 Corbet Place E1 6NN London www.saentys.com

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Residence de la Cote 30 1110 Morges www.sandler.com

Dolderstrasse 8032 Zurich

Schwab, Flaherty & Associés Cours de Rive 6 1211 Geneva 3 www.flahertylawgroup.com

Secretary Plus

Rue de la Cloche 8 1201 Geneva www.secretary-plus.ch

Secretary Plus Switzerland Hottinger Strasse 17 8032 Zurich www.secretary-plus.ch

Senior plc

Fronwagplatz 10 8201 Schaffhausen www.seniorplc.com

Shires Partnership

High Ridge, Walden Road Chislehurst BR7 5DH Kent www.shirespartnership.com

Ski 2 Freedom Foundation c/o Chalet Mitoyen Rue de la Dent 53 1660 Château-d’Oex www.ski2freedom.com

Splerin

9 Peacock Close Noble Park KT19 8JB Epsom, Surrey www.splerin.com

Spring investment Services Usteristrasse 9 8001 Zurich www.springinvest.net

Strategy Dynamics Global Limited Ruelle des Petites Dolles CH 1071 Rivaz www.globaltrends.com

Style Project Partners GmbH Gartenstrasse 101 4002 Basel www.quilt-solutions.com

SuperiorBeds.ch

Chemin des Plantaz 23Bis 1260 Nyon www.SuperiorBeds.ch

Swiss Executive Search AG Staldenbachstr. 8 8808 Pfäffikon www.swiss-exec.ch

Swiss Mergers and Acquisitions Spissenstrasse 82 6045 Meggen www.SwissMandA.com

Avenue de Champel 4 1206 Geneva www.tailored-pensions.ch Clos-Belmont 4 1208 Geneva

Technomic Consultants SA Chemin de Mont-Rose 24 1294 Genthod

Tetractys Partners LLP

120 Pall Mall SW1Y 5EA London www.tetractyspartners.com

Thallo Capital

Morgenstrasse 131 3018 Berne www.urs-amsler.ch Baarerstrasse 135 6301 Zug www.verocheck.com

Villas De Maitre

70 Wendover Road HP219LW Aylesbury www.artdevivre-collection.com

West PR – Seaman

Traenkebachstrasse 45 8712 Staefa www.paulseaman.eu

Route de la Chapelle 29b Grand Lancy 1212 Geneva www.thallocapital.com

WW Sports SA

The British Cheese Centre of Switzerland

Wyatt Bell Consulting

Postfach 27 8890 Flums www.britishcheesecentre.ch

The HiiT Room

c/o Stratarium Rue Nicole 1 1260 Nyon www.thehiitroom.com

The Motion Master®

c/o Physiotherapy Zurich Klausstrasse 44 8008 Zurich www.TheMotionMaster.com

The Training Box Ltd.

Pond House Weston Green KT7 0JX Thames Ditton www.thetrainingbox.eu.com

The Whisky Experience

Schädrütihalde 5 6006 Luzern www.thewhiskyexperience.com

Thoeni GmbH

Hauptstrasse 99 4133 Pratteln www.inbloom.ch

Transit

Seefeldstrasse 69 8008 Zurich www.transitweb.ch

University of Strathclyde Business School, Swiss Centre c/o Swiss Management Forum AG Prime Center 1 8060 Zurich-Airport www.strathclyde-mba.ch

Upton Consulting GmbH Pilgerweg 97 8802 Kilchberg www.uptonconsulting.ch

Rue du Montchoisy 21 1207 Geneva www.wwsports.ch Gerbiweg 2 8853 Lachen www.wyattbellconsulting.com

Youtrust Ltd

Riesbachstrasse 61 8034 Zurich www.youtrust.com

BSCC HONORARY LIFE MEMBERS Jeeves Bryan Schaan

Beattie David

Martinet-Roberts MBE Jacqueline Lutry

Essex

Nordmann Francois Geneva

Ogi Adolf

Fraubrunnen

Priestley CBE FRSA Philip

Schwarzenbach François

South Horrington Village, Somerset

Thalwil

BSCC INDIVIDUAL MEMBERS Aenishaenslin Paul

Curzon-Price Victoria

Herren Tobias

Morelle Phillip

Snodgrass Adrian

Andersson Owe

Damm Oliver

Hoehn Thomas

Moser Martin P.

Snook Christopher

Aranzana Manuel

Darghouth Nami

Holt Richard

Mowers Dominic

Sommer Irmgard

Arengo-Jones Peter

Davies Mark

Hornung-Soukup Anne

Ott René B.

Stalé Ariane

Armstrong Stephen

Dennler Markus

Hunter Paul

Poutney Katy

Stewart Sheena

Asobayire Simon

Dillier Daniel

Janssens Catherine

Probst Olaf

Stiefel Christian

Atkinson Philip

Djaferis Philip

Jaton Jerome

Ramlogan Julia Indera

Tarr Nathan

Bade Patrick

Dowling Martin

Jones Peter

Rosenberg Jacqueline

Thaler Stephan

Ballinger Michael

Dunraven Gaynor

Kennedy Conor

Ross-Magenty Blaettler Lisa

Travis Anthony W.

Bernard Steven

Elkmann Adrian

Kenyon Michael

Berne

Lugano Geneva Berne

Geneva

Niederlenz

Raedersdorf London

Hedingen Geneva

Bogni Rodolfo Bottmingen

Geneva Nuolen

Annecy

London Zurich Basel

La Conversion Annecy

Geneva

London

Ellis William Zurich

Berne

Zurich

Warwickshire

Collonge-Bellerive Blonay

Kingston upon Thames Lausanne

Uetikon am See Lausanne

Epalinges

Kermani Faiz Basel

Brackenbury Tom

Erbe Stephan

Kernland Tina

Bridport Alex

Fay Kevin

Kissack Mark

Carter Nigel

Fosman Daniel

Korica Zeljko

Geneva Geneva Geneva

Basel

Locarno Geneva

Neerach

Vufflens-le-Château Zurich

Caspar Magnus

Fox Robert

Kuenzler John

Charles Mark

Gildert Paula

Kyd Laurent

Codd David

Golding Richard

Lipp Martin

Collart Sébastien

Graf-Hill Suryia

Luanghy Mark

Basel

Bursins Gryon

Geneva

Conal Wynne Stewart Cernusco Sul Naviglio

Cornford Andrew Geneva

Cowie Bill Blonay

Creak Nicholas Lausanne

Lausanne Basel Gilly

Zurich

Grandchamp Michel Henderson Winterthur

Grant Andrew Zurich

Hallauer Jane Kilchberg

Zurich

Geneva

Wolhusen Geneva

Lucatelli Adriano B. Kilchberg

McGregor Marie Basel

Meyer Cornelia London

Mills Miranda

London

Schinznach-Bad Geneva Vaduz Basel

Zurich

Uitikon Basel

Geneva

Russell Andrew Nyon

Rys Alexandra Geneva

Samuelson John Vevey

Schaerer Eric Trelex

Schulte Andreas Pfäffikon

Scriven John Richterswil

Shaw Elizabeth Zurich

Sheldrake Jim Basel

Shiels Derek London

Simonian Haig Küsnacht

Sinclair John

Collonges-sous-Saleve

Sinel Malcolm Leslie St.Helier, Jersey

Zurich Basel

Zurich

London Geneva

Stettlen Zurich Zurich

Wollerau

Twigden Diana Basel

Urquhart Timothy Robert Lachen

Utz Gabriela Meggen

Vizard Jane

Le Grand Saconnex

von Holzschuher Teja Zurich

von Loewenich Caroline Zurich

Warren Graham

Le Grand Saconnex

Weaver Alison Basel

Wiesendanger Ivo Winterthur

Winzenried Alison Kirchlindach

Wynniatt-Husey Ben Geneva

Yeung Dorothy Zurich

Eysins

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Proud supporters of the

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Its Entrepreneurs & Corporates Practice specialises in supporting corporates and entrepreneurial business owners all over the world for their M&A and corporate finance needs, while its Financial Services Practice focuses on transactions for the global financial services industry, in particular the global wealth, asset management, private banking and private equity sectors.

Recently MilleniumAssociates has also successfully launched ÂŽ an innovative programme named CATCH enabling participating private banks, wealth and asset managers to manage their client and market focus resegmentation strategies in a client friendly, cooperative, orderly and profitable manner.

MilleniumAssociates is proud to have one of the broadest professional networks worldwide, including institutional and private investors. Over recent years they have augmented this with a number of similarly independent and unconflicted global strategic partnerships in the key growth regions of the world which strengthens their coverage locally and regionally and complements its service offering The companyâ&#x20AC;&#x2122;s fully dedicated team of M&A and Corporate Finance specialists are currently involved in variety of advisory assignments, supporting a number of Swiss, British as well as international, clients with their global expansion or divestment strategies, as well as consulting for organisations seeking to determine their ideal strategic options including partnerships, alliances and IPO or debt raising plans and arrangements.

To find out more on how MilleniumAssociates can help maximise the value of your business contact Ray Soudah: MilleniumAssociates AG Kreuzstrasse 54 8008 Zurich Switzerland Phone: +41 58 710 47 00 Fax:+41 58 710 47 20 email:ray.soudah@milleniumassociates.com

MilleniumAssociates (UK) Ltd 23 Berkeley Square London, W1J6HE United Kingdom Phone: +44 20 3178 20 30 Fax: +44 20 3178 20 29 website:www.milleniumassociates.com

MilleniumAssociates AG is a member of the Swiss Private Equity & Corporate Finance Association (SECA) MilleniumAssociates (UK) Limited is authorised and regulated in the UK by the Financial Conduct Authority

The Views of our Members

QUESTION OF THE MONTH The BSCC aims to be recognised as the Voice of British-Swiss Business and as an organisation that puts the needs and interests of its members at the core of everything it does. Therefore, we are asking our members on a monthly basis for their views and opinions on topical matters. Please find below two “Question of the Month” examples from 2014.

MARCH QUESTION OF THE MONTH What sort of impact will the outcome of the vote on 9 February 2014 have on your business?

On 9 February 2014 Swiss voters narrowly accepted a proposal to curb immigration, including of EU nationals. The March Question of the Month asked BSCC members what impact the outcome of the vote would have on their business. The results show an interesting spread of reactions amongst the British-Swiss community. Around 70% of respondents anticipate that the vote will have some or a large impact on their business.

The main concerns seem to be on obtaining work permits for international senior management candidates and the impact on research at Swiss universities which could slow down the pace of Swiss based R&D. Other concerns raised were a potential negative impact on the reputation of Switzerland and the tourism industry. Some respondents support the outcome of the vote and refer to other countries that have strict controls on immigration without being strongly criticised or suffering negative consequences, such as the USA, Australia and Liechtenstein.

Large Impact 25% Some Impact 43%  No Impact 32%  

SEPTEMBER QUESTION OF THE MONTH Do you expect the result of the referendum in Scotland to make any difference to whether or not the UK leaves the European Union?

In the end, the Scottish referendum result was a pretty decisive rejection of independence, but for a while it looked as though it might surprise the political elites by going the other way. BSCC members were invited to consider whether the outcome of the Scottish referendum would affect the UK’s membership of the EU. Of those replying, 40% felt that the Scottish result would make a UK exit from the EU more likely, 16% thought it would be less likely and 44% that it would make no difference. The main conclusion to draw from these figures is that the Scottish referendum result is not expected to halt the drift towards a UK exit from the EU, which is something of an irony because the slogan of the victorious ‘No’ campaign was “better together”.

No, it will not make any difference 44% Yes, it will make a ‘Brexit’ more likely 40%  Yes, but it will make it less likely that the UK will leave the EU 16%  

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The Views of our Members

WHAT BSCC MEMBERS SAY ABOUT US

IN-DEPTH BUSINESS RELATIONSHIPS

EXCELLENT NETWORKING PLATFORM

EY is very happy about its fruitful cooperation with the BSCC which strongly contributes to in-depth business relationships between our Swiss practice and the British industry. As EY showed in its Swiss Attractiveness Survey 2014, UK is among the top destinations for Swiss foreign direct investment projects – and vice versa. It is fully in line with our commitment to Building a Better Working World to embrace and drive forward the economic collaboration between the two countries, as is also evidenced by the large number of British clients we serve from EY Switzerland. BSCC was invaluable in connecting us with our clients as well as other stakeholders.

The International Sports Convention is the world’s largest sports business convention taking place in Geneva. Nigel Fletcher, CEO, comments: “We joined the BSCC at the beginning of 2014. The Chamber has provided an excellent networking platform with a variety of business activities and has helped us make good contacts and friends from outside our traditional sector. The return on our membership has been excellent and so far we have a 100% attendance record at Geneva chapter luncheons!”

INTERNATIONAL SPORTS CONVENTION, GENEVA

EY, ZURICH

INCREASE IN SALES REVENUE As Managing Partner of the Swiss office of Sandler Training, Bill Morrison is proud of his company’s relationship with the BSCC. A Geneva member since 2009, Bill is happy to say that a significant part of his company’s success in Switzerland has come from their membership of the Chamber. “In our first year of operations, we found BSCC members produced almost 25% of our total sales revenue. Every year we find that the investment of time, money and energy we make with the BSCC is returned many times over. It is an invaluable link to a dynamic business community.”

SANDLER TRAINING, GENEVA

Bill Morrison, Sandler Training

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 point-of-views.ch

Bringing high quality to the world.

It’s a Swiss tradition.

There’s comfort in high-quality products. We should know. We export them. As the airline of Switzerland, we translate high quality into comfort on every ight by offering service and hospitality you can count on. For daily nonstop ights to Switzerland and beyond visit swiss.com

WE DON’T CHASE THE FUTURE. WE DEFINE IT. Congratulations to the BSCC’s 95th anniversary.