The financial sector remains a strong and stable pillar of Geneva's economy, contributing 38,000 high value-added jobs and a significant share of the canton’s GDP (12.9%). In the face of rising geopolitical challenges and a sluggish economic environment, banks and financial companies are acting with decisiveness and clear-sightedness vigilance.
The Geneva Financial Center (GFC) announces the appointment of Nicolas Krügel to the Board and Bureau, and of Anthony Cohen Dumani and Hervé Broch to the Board, effective 8 May 2024.
The Geneva Financial Center (GFC) announces that Philipp Rickenbacher and Frédéric Berney will join the Board, effective 1 December 2023.
The financial sector is enjoying robust and dynamic growth. Despite rising interest rates and geopolitical uncertainties linked to the war in Ukraine, banks and financial institutions reported growth in revenue in the first half of 2023 and are optimistic for 2024.