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The Geneva financial center Mr Ivan PICTET Chairman, Geneva Financial Center

The Geneva financial center Mr Ivan PICTET Chairman, Geneva Financial Center Senior Partner, Pictet & Cie Geneva, September 29, 2008 Regional Cooperation Forum. The Geneva financial center.

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The Geneva financial center Mr Ivan PICTET Chairman, Geneva Financial Center

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  1. The Geneva financial center Mr Ivan PICTET Chairman, Geneva Financial Center Senior Partner, Pictet & Cie Geneva, September 29, 2008 Regional Cooperation Forum

  2. The Geneva financial center Source: Geneva’s Répertoire des Entreprises - September 2006 / GFCResearch and infography: Geneva Financial Center – September 2008

  3. Classification of banks in Geneva Source: SNB / DSE / SFBC / GFCResearch and infography: Geneva Financial Center – September 2008

  4. Top 10 Financial Centres • London • New York • Singapore • Hong Kong • Zurich • Geneva • Tokyo • Chicago • Frankfurt • Sydney Source:The Global Financial Centres Index 4, City of London – Sep 2008 Research and infography: Geneva Financial Center – Sep 2008

  5. Geneva : first in class • 10 % of the global transnational private savings • No 1 for in Commodity trade finance

  6. Geneva : world leader in commodities trading and finance • 500 trading companies (Litasco-Lukoil, Solvalub, Centramed): CHF 500 bn turnover • Banks with exclusive experience : over CHF 1’000 bn of transactions financed • 2/3 of the oil in the free market • 75 % of Russian oil exports • 22 % of shipping movements in commodities • All commodities covered (oil products, grains, sugar, coffee, metals and non-ferrous) • 75 % of the rice in the free market • 6’000 jobs • Top quality-control companies, law firms, fiduciaries • Long tradition of quality and competences • Business-friendly legislative and fiscal environment Sources:Why Geneva, Geneva Economic Development Office - Credit Suisse - GFCTrading & Shipping in Geneva – 2007 Survey, GTSAResearch and infography: Geneva Financial Center – September 2008

  7. Swiss financial center – Key figures • 200’000 jobs in finance (110’000 in banks) • 5 % of the country workforce (3 % for banks) • 14 % of Swiss GDP (9 % for the banking sector) • CHF 15 bn of contribution to public finances Sources:Compendium Edition 2006, The Swiss Banking Sector, SBASwitzerland and its Financial Center, SBA – February 2006

  8. Largest financial centers for transnational private savings - US$ 6’720 billion (figures 2006) • : Incl. Liechtenstein, Andorra, Monaco, Dubai/Bahrain and Taiwan • : Incl. Isle of Man and Dublin • Source: Boston Consulting Group 2007 - Global Market Sizing Database • Infography: Geneva Financial Center – March 2008

  9. Breakdown of clients’ assets managed by banks in Switzerland(figures June 2008) Total: CHF 4’716 billions Source:Monthly Statistical Bulletin, Swiss National Bank – August 2008Infography: Geneva Financial Center – Septembre 2008

  10. The competitive advantages of the Geneva and Swiss banking sector • Political and macroeconomic stability • Globally integrated and open financial sector • High standard of government supervision and regulation • Excellent reputation of the Swiss financial centre • Strong protection of the customer privacy • Highly educated, multilingual and multicultural workforce • Determined focus on on-the-job training of the personnel (numerous universities and courses on finance)

  11. Geneva : attractive for expatriates • a successful international city (over 180 nationalities present) • tradition of respect for privacy • religious and ethnic tolerance • diversified and attractive schooling options • diversified cultural and social life • low crime rate against persons • superb medical and hospital infrastructures • airport close to city-center (dense European network) • population open to new trends • numerous city parks and a relaxing countryside • charm of the Old Town, the lake area, and the nearby mountains

  12. The Geneva financial center is a strong and integral part of the Swiss financial scene. It has built its unique experience over centuries, constantly adapting to the ever-changing needs of a worldwide clientele.

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