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Pierre Mirabaud, the former chief of the Swiss Bankers Association, has been convicted of bribery and money laundering. The verdict marks a significant legal blow to the country's banking lobby.
Giorgio Pradelli, CEO of EFG International, is set to take over as the new president of the Swiss Bankers Association, succeeding Marcel Rohner.
The Swiss Bankers Association reports that domestic banks have reached a milestone of CHF10 trillion in managed client assets, projecting continued growth in 2026 despite zero interest rates and geopolitical challenges.
Pierre Mirabaud, former head of the Swiss Bankers Association, is scheduled to stand trial in September before the Federal Criminal Court on corruption charges involving senior financial sector figures.