in a few words
Although equity markets had a bull run in 2019, the financial sector continued to face multiple challenges. Among the hurdles were persistent negative interest rates, pressure on margins, new forms of competition, the blurring of lines between the private and institutional segments, and the acceleration of the digital revolution.
To keep our edge and maintain the quality of our services and the performances of our investment solutions, we continued to adapt our offering to shifting demands and to new market patterns. We also redesigned our Wealth Management division’s governance structure and reorganised our activities into three regions – Asia, Developing Markets and Europe. The robustness of our results and the numerous awards that we have received have confirmed the validity of this approach.
Another major project we undertook in 2019 was to formalise our corporate social responsibility (CSR) approach in order to take full control of our own environmental and social footprint. Our plans include continuing to invest in digital but also further broadening our offering with a special focus on responsible investing.
We are looking to the future with confidence in our firm foundations, being one of the sector's best-capitalised banks, as attested by our Aa2 long-term deposit rating with a stable outlook assigned by Moody’s in early 2019
A dedicated governance structure
Sustainability and future generations are at the core of our development model.
We integrate ESG criteria into every investment decision and have developed solid impact investing expertise.
CORPORATE SOCIAL RESPONSIBILITY
We are committed to managing our social and environmental footprint.