Banque de Commerce et de Placements (BCP) has received the "Best Wealth Management & Structured Investment Solutions – Switzerland 2026" award from PAN Finance.
This recognition highlights the Bank’s ability to combine personalised wealth management services with specialist investment expertise. Through discretionary and advisory mandates, open-architecture investment solutions and Actively Managed Certificates, BCP supports private and professional clients in preserving, growing and passing on their wealth.
Our approach combines active portfolio management, carefully selected investment opportunities and disciplined risk management. BCP’s Actively Managed Certificates complement this offering with high-conviction equity strategies focused on European and US markets, supported by proprietary investment screening and continuous portfolio monitoring.
This distinction reflects the expertise and commitment of our Wealth Management and Asset Management teams, as well as their continued focus on developing tailored solutions aligned with each client’s objectives, risk profile and long-term vision.
US meteorologists see a probability above 90% that the current El Niño becomes very strong, and 69% that it becomes historic. These events bring extreme weather across the globe, potentially disrupting a range of agricultural and industrial commodities and feeding through to inflation.
The risk could be compounded by the collapse in transits through the Strait of Hormuz, which is already disrupting critical production inputs. In such an environment, we believe enhancing portfolio diversification is key, particularly through alternative investments.
Last year, AI companies were funding data centers, chips and power through existing cash flow. Today they are raising new capital through equity and debt, with bond issuance potentially exceeding $350 billion in the US investment-grade market this year.
AI exposure now extends into public and private credit, and pressure is starting to show on individual names, with Oracle's spreads reaching 215 bps. Investors should therefore remain selective and mindful of concentration, as there may be fewer places to hide.
The new Fed Chair, Kevin Warsh, brings unconventional views on inflation measurement and has expressed a preference for trimmed measures, at a time when inflation has remained above target for five years.
In the current environment, the Dallas Trimmed PCE exhibits a downward bias following a succession of supply-side shocks since 2020 and was also slow to capture the 2021 inflation surge. A shift in the Fed's preferred inflation gauge could therefore raise credibility concerns.
Fitch Ratings has affirmed Banque de Commerce et de Placements SA's (BCP) Long-Term Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook. It has also affirmed BCP's Viability Rating (VR) at 'bbb-'.
