Jacques Bally Benedicte Gravrand, Opalesque Geneva:
Jacques Bally, founder of Bally Capital Advisors SA, a Swiss-based investment advisory management company that organized the March Swiss Mining Institute conference in Geneva, talks to Opalesque about US investors in Switzerland, China’s metals imports, price manipulation in metals and a possible golden cross.
Part One is here and Part Two is here.
… Jacques Bally: The regulatory environment is very tough in Switzerland and we need to search for new markets complying with the new rules.
Opalesque: : What about US investors?
Jacques Bally: The whole story with the US clients has had a big impact in Switzerland. Of course, in the past 20 years, a lot of Swiss banks and Swiss portfolio managers had US customers that were perhaps not totally well structured from a legal and fiscal point of view. Today the only customers that we have in Switzerland are fiscally 100%.
But because some of the banks are still going through this period of penalties with the US government and so on, only a few banks are today......................
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