By accessing the Banque Heritage website, by consulting it and using its content, you agree to be legally bound by these terms of use. If you do not agree to these terms of use, do not proceed further on this website.
Access to and use of the information contained on this website may be restricted by laws and regulations applicable to the user. Persons to whom such restrictions apply must not access the Banque Heritage website.
These terms of use may be modified by Banque Heritage at any time and without prior notice. We therefore invite you to read them regularly.
The Banque Heritage website is not directed at any person in any jurisdiction where, by virtue of that person’s nationality, residence or otherwise, the publication or availability of the Banque Heritage website is prohibited or limited or in which the publication, access, consultation and/or use of data such as that appearing on this site constitutes a violation of applicable laws and regulations. You are requested to find out about the legislation applicable in your country before accessing, consulting and using this site.
The information on this website is a marketing communication and is for information purposes only. Neither the information nor any opinion expressed on this website shall be construed as a solicitation, an offer or a recommendation to buy, sell or dispose of any financial instrument, to engage in any other transaction or to provide a financial service. The information and the opinions do not take into account the personal situation, investment objectives or knowledge, needs or classification of any individual investor.
Banque Heritage does not intend to provide investment, legal or tax advice through the Banque Heritage website and does not guarantee that any financial instruments or services discussed are appropriate or suitable for any investor. When making an investment decision, the investor should seek the advice of a professional financial advisor. None of the services, financial instruments, mutual or alternative funds referred to on this website are available to persons resident in any country, state or jurisdiction where such distribution would be contradictory to local law or regulations. Prospectuses and related information documents shall not be distributed to such persons. The general risks associated with financial services and instruments are explained in the Swiss Bankers Association's brochure “Risks Involved in Trading in Financial Instruments” [www.swissbanking.ch]. Specific risks related to the financial instruments mentioned in this website are described in the prospectuses and basic information sheets (KID), which are available free of charge from Banque Heritage.
Any investment decision should be based on a prior study of the offer documentation and, in particular, of the prospectus and the applicable basic information sheet, if any.
An investment in a fund of Banque Heritage shall only be made after reading the relevant legal documents, such as management regulations, prospectuses, annual and semi-annual reports, all of which can be obtained free of charge from the funds’ representatives in each country where the funds are incorporated or registered.
The value of investments and the income generated from them may go down as well as up, and investors may lose all or part of their invested capital. Past performance of an investment is not a guarantee for future performance. Banque Heritage does not intend to provide investment advice to you or any other party. No information or material on this website is to be relied upon for the purpose of making or recommending investments or any other decision.
Although Banque Heritage and its data providers seek to ensure that the information on this website is accurate and complete at the time of publication and has been obtained from sources believed to be reliable, Banque Heritage and its data providers make no express or implied guarantees that such information is accurate, reliable, up to date or complete. The contents of this website, the information and opinions expressed herein are subject to change at any time and without notice.
Banque Heritage and its data providers expressly disclaim any liability to the fullest extent permitted by law to any person for any reason in respect of the consequences of anything done or omitted through the use of or reliance on any or all of the contents of the Banque Heritage website. Furthermore, Banque Heritage and its data providers accept no liability for any losses or damage arising from the use of or reliance on the information on this website, including but not limited to any loss or fall in profit or any direct or indirect damage. Under no circumstances does the content of this site create a legal relationship between Banque Heritage and the user.
The Banque Heritage website may contain hyperlinks providing access to other websites beyond the control of Banque Heritage. Banque Heritage therefore accepts no responsibility for the content of any websites accessed by the user via such links.
Banque Heritage is the owner, or copyright holder, of the entire content of this website, specifically the data, charts, graphics, photos and soundtracks. Any reproduction, representation, circulation or broadcasting of the contents of this website, in whole or in part, in any form whatsoever without the prior express consent of Banque Heritage is prohibited and therefore constitutes a breach of copyright. The downloading or copying of any material or software from this site does not confer any rights on the downloaded or copied elements.
None of the investment funds mentioned on this website are or will be registered under the United States Securities Act of 1933, as amended. Similarly, the investment funds mentioned on this website are not and will not be registered under the United States Investment Company Act of 1940, as amended. Accordingly, the aforementioned investment funds shall not be offered or distributed under any circumstances: (i) in the United States of America, in any of its states or in any other political subdivision of the United States of America, or (ii) to or for the account or benefit of any U.S. Person (as defined in Regulation S of the United States Securities Act of 1933).
This notice provides important information with regards to the processing of personal data by Banque Heritage SA (the “Bank”) and to the rights granted to any identified or identifiable natural person whose data are processed (the “Data Subjects”).
By accessing the Bank’s website, establishing a business relationship with the Bank, or contacting and providing personal data to the Bank, you explicitly agree to our data processing policy.
As part of its business operations, the Bank processes — specifically collecting, recording, storing, using, modifying, sharing, archiving, deleting, or destroying — personal data pertaining to the categories of Data Subjects listed below:
a. Natural person who has entered into a contractual relationship with the Bank (hereinafter referred to as the “Contracting Party”) or natural person engaging with the Bank prior to establishing such a relationship, such as but not limited to:
b. Natural person related to a Contracting Party or a Prospect (hereinafter referred to as the “Related Person”), such as but not limited to:
c. Natural person without a contractual relationship with the Bank but interacting with the Bank for other reasons or whose information is processed by the Bank, such as but not limited to:
d. Natural person using online features provided by or associated with to the Bank
Personal data refers to any information that identifies an individual or, when combined with other information, enables the identification of an individual (hereinafter referred as to the “Data”), e.g.:
a. personal details such as name, address, tax identification number, date and place of birth, national identity card or passport, telephone number(s), physical and electronic address, and family details such as the name of the spouse, partner or children;
b. tax domicile and other tax-related documents and information (in particular TIN, tax number, tax address);
c. professional and financial information such as professional activity and experience, origin of wealth, financial knowledge and experience, curriculum vitae, business activity, shareholding and organisational structure or number of employees;
d. financial information and information relating to the banking relationship (such as account number, IBAN, purpose of the banking relationship, date of opening and closing of the account, status of the relationship, origin and nature of funds and assets held and/or managed by the Bank, amounts and types of transactions carried out, purpose and economic background of a transaction, results of anti-money-laundering checks or credit checks, reason for payment or supporting documents provided by the Contracting Party or the Related Person);
e. data relating to services or transactions (including the principal and the beneficiary);
f. details of the products and services the Contracting Party or the Related Person uses;
g. record keeping data (e.g. memos or reports);
h. any records of telephone or conference calls with the Bank or other information related to interactions between the Bank and the Data Subject (visits, contact forms, connections to Bank applications), being specified that the Bank’s premises are under video surveillance for security reasons, and any visit to the Bank may therefore be recorded;
i. information related to the use of Heritage Mobile applications, such as username, device type, OS version, device language, application version, last connection, connection details, application service(s) called, IP address and location;
j. when the Data Subject accesses our website, data transmitted by his/her browser and automatically recorded by the Bank’s server, including date and time of the access, name of the accessed file as well as the transmitted data volume and the performance of the access, the web browser, browser language, requesting domain and IP address. For further details on cookies, please refer to the Banque Heritage Cookie Policy;
k. to the extent legally possible, information relating to criminal convictions or offences. In some cases, the Bank collects this information from public registers or other third-party sources, such as wealth screening services, credit reference agencies, fraud prevention agencies;
l. in some cases, to the extent permitted by law, special categories of personal data, such as biometric information, political opinions or affiliations, health data, racial or ethnic origin, religious or philosophical beliefs, data relating to habits or preferences;
m. in the event of an application for one of the Bank’s job offers, personal data is collected, such as surname, first name, email, address, telephone number, current employer, curriculum vitae, to contact the candidate and to check the suitability of the application for the profile sought and the recruitment criteria.
The Bank processes the Data, notably as part of its business operations, both prior to establishing a business relationship with the Data Subject and throughout the duration of an existing business relationship.
Data is collected by the Bank through different methods, including:
a. Direct Interactions: the Bank may collect Data directly from the Data Subjects.
b. Automated Technologies or Interactions: When a Data Subject interacts electronically with the Bank (such as via the Bank’s website or e-banking services), the Bank may automatically collect personal data using cookies or similar technologies. For further details on cookies, please refer to the Banque Heritage Cookie Policy.
c. Third Parties or Publicly Available Sources: the Bank may also obtain Data from sources accessible to the public (e.g. debt registers, trade and association registers, press, internet) or third parties (e.g. credit reference agencies, professional databases, public authorities, providers of information, investigation or report services, recruitment firms, etc.).
Data processing is carried out in accordance with Swiss data protection law and regulations.
The processing of data by the Bank is based on the proper performance of the services it must provide in the context of the performance of its contractual obligations, on compliance with its legal obligations or regulatory requirements, as well as on the legitimate interests of the Bank.
The Bank therefore collects and processes the Data, insofar as it is necessary, for the following legal reasons and purposes, in particular:
a. for the performance of contractual obligations:
The Bank processes personal data to fulfill a contract established between the Bank and the Data Subject. Additionally, personal data are processed by the Bank prior to the conclusion of a contract, to take steps requested by the Data Subject in preparation for entering into a contractual relationship.
The relevant contracts may, for instance, fall into the following categories:
b. due to legal obligations to which Banque Heritage is subject or in the public interest:
c. due to legitimate interest pursued by Banque Heritage or by a third party:
d. as a result of the Data Subject’ consent
e. for any other purposes the Bank may notify the client from time to time.
a. Staff members and Heritage Group
The Bank has taken appropriate technical and organizational measures to ensure that Data is only disclosed to staff members (e.g. employees and auxiliaries) which are assigned to fulfill, on the Bank’s behalf, the contractual, legal and supervisory obligations to which the Bank is submitted in the context of disclosing Data. These staff members are bound by contractual agreements to comply with applicable legal confidentiality requirements, as well as banking and business secrecy obligations.
The Bank may share Data within the Heritage Group in order to ensure a consistently high standard of service across the group and to provide services and products.
b. Third Parties
As part of the performance of its services and the supply of products, and due to legal, regulatory or contractual obligations, the Bank may have to transmit the Data to persons acting on behalf of the Contracting Party or to third parties involved in the transaction or the provision of the service (in particular when the Bank provides the Contracting Party with products and services) such as:
a. payment recipients, beneficiaries, account nominees, intermediaries and correspondent banks, banks participating in the transaction (including custodian banks and sub-custodians);
b. clearing houses and clearing or settlement systems as well as specialised payment companies or institutions such as SWIFT;
c. credit card issuers and other card payment and platform providers;
d. market counterparties;
e. swap or trade repositories;
f. trading platforms, brokers, stock exchanges, system operators, transfer registration, clearing, stock exchange processing and notification services, local market or supervisory authorities;
g. other financial institutions, credit reference agencies or credit bureaus (for the purposes of obtaining or providing credit references), fraud prevention agencies, trade associations, economic intelligence firms and debt collection agencies;
h. any third-party fund manager who provides asset management services and any introducing broker to whom the Bank provides introductions or referrals;
i. securities issuers, companies, fund and private equity administrators;
j. any third party or their representatives seeking to protect their legal rights or such rights of others;
k. companies in which the Contracting Party has an interest in securities where such securities are held by the Bank for the Contracting Party;
l. lawyers, auditors, chartered accountants, brokers and insurers who provide the Bank with an advisory, auditing, accounting or insurance service
c. Service providers and third-party providers
As part of the delegation or outsourcing of some of our services, the Bank also shares Data with its suppliers and third-party providers (including their subcontractors), such as IT and hosting service providers, logistics, mail, email, printing, storage, cloud, marketing, communication (e.g. “chat” “video conferencing”), software and application service providers, market data service providers, debt collection, fraud prevention and credit reference agencies, etc. The Bank takes the appropriate technical and organisational security measures to ensure that the Data remains secure within the framework of legal possibilities.
d. Public or regulatory authorities
If required from time to time, the Bank shall disclose Data to public authorities, regulatory or governmental bodies, judicial or administrative authorities, both national and foreign, including when required by law or regulation, under a code of practice or conduct, or when these authorities or bodies require the Bank to do so.
6. INTERNATIONAL TRANSFERS OF DATA
The recipients mentioned above may be located outside of Switzerland, in countries that offer an adequate level of data protection according to the list provided by the Federal Council in Annex 1 of the Data Protection Ordinance. The Bank may transfer the Data to a country that does not ensure an adequate level of data protection when (i) the transfer is necessary for the execution of contracts the Bank has with the Contracting Party (for example, securities payments) or with one of its co-contractors in the Contracting Party’s interest, (ii) if required by law (for example, tax reporting obligations), (iii) subject to the recipient's signature of standard contractual clauses for data protection, approved, established, or recognized by the Federal Data Protection Commissioner, or (iv) when the Data Subject has expressly given its consent. You can obtain more information about Data transfers carried out by the Bank and the safeguards implemented in this context (if applicable) by contacting us at the following email address: dataprotection.legal@heritage.ch
The Bank may transfer the Data in the course of its regular business activities (such as services and/or products provided to the Data Subject) to the following countries:
If a country is marked with an asterisk (*), it indicates that its data protection regulations have not been recognized as "adequate" (i.e., of a comparable standard) under Swiss data protection law. When transferring the Data to these countries, the Bank shall implement appropriate safeguards in accordance with applicable law, as outlined on this page. This may include, for example, the use of standard data protection clauses recognized by the Swiss data protection authority.
Furthermore, please note that Data may be disclosed to other countries based on the instructions given to the Bank by the Data Subject or if necessary for specific needs/requirements arising from the services the Contracting Party and/or the Related Party request from the Bank. For example, in the context of a payment instruction in a currency other than CHF, the Bank must disclose Data about the ordering party to the corresponding bank located outside of Switzerland. Similarly, certain Data related to the investor may need to be disclosed outside Switzerland in the context of investments in certain collective capital investments and private equity investments.
7. PERIOD FOR WHICH PERSONAL DATA ARE STORED BY THE BANK
The Bank will only retain Data for as long as necessary to fulfil the purpose for which it was collected or to comply with legal, regulatory, contractual or internal policy requirements. In general, the Bank will retain Data for the entire period of the business relationship plus 10 years, subject to any legal or regulatory requirement that may foresee a longer period of retention.
The Swiss Financial Market Supervisory Authority (“FINMA”) requires that the Bank records external and internal telephone calls of employees engaged in securities trading and store electronic correspondence (emails, communication via Bloomberg or Reuters, etc.) and evidence of the calls made on business telephones by these employees for a period of two years to make this information available to FINMA on request. This obligation also applies to employees identified by a risk-based assessment as being highly exposed to information that might be relevant to market supervision. The Bank furthermore stores incoming and outgoing business and private communication data, in particular emails with attachments, chats and instant messaging, in a separate and protected archive located in Switzerland.
The Bank is also authorized to store and process Data during the period of ongoing civil, administrative, criminal, or supervisory proceedings, in order to defend its interest.
8. DATA SUBJECTS RIGHTS
The Data Subject has the following rights regarding its Data processed by the Bank, within the limits and under the conditions of the regulations and legislation in force:
These rights are not absolute. They can only be exercised within the limits and conditions of the applicable regulations and legislation. Therefore, they may be suspended or limited if the interests, rights or freedoms of third parties prevail, or when the purpose of data processing is to enable the Bank to assert, exercise or protect its own rights and claims. Furthermore, the Bank is entitled to suspend or limit the aforementioned rights if the data processing takes place within the scope of its activity as prescribed by law or regulation. Please note that in the event of the exercise of certain aforementioned rights, in particular opposition or limitation of data processing, the Bank would then no longer be able to provide certain financial or banking products or services, or even to continue a business relationship.
9. EXERCISING RIGHTS
The Data Subject may exercise any of its rights in relation to its Data by writing to the following postal address:
Banque Heritage SA
Legal Department
61 route de Chêne
P.O. Box 6600
1211 Geneva 6 Switzerland
Switzerland
or by email at the following address: dataprotection.legal@heritage.ch.
A signed letter from the Data Subject with a copy of its passport or identity card will be required by the Bank.
10. DATA PROFILING
In some cases, the Bank processes the Data automatically in order to assess personal aspects concerning the Data Subject (profiling), for example in the following cases:
11. SECURITY NOTE
The Bank has put in place appropriate technical and organisational measures at the earliest stages of the software (“Data protection by design”) and implemented measures to ensure that, by default, only personal data that is necessary for each specific purpose is processed (“Data protection by default”). Furthermore, the Bank has put in place the necessary security measures to prevent unauthorised or unlawful access to the Data. As complete data security cannot be guaranteed for communication via e-mails, instant messaging, and similar means of communication, the Bank recommends sending any particularly confidential information by an alternative secure means.
12. OBLIGATIONS OF DATA SUBJECT TO PROVIDE PERSONAL DATA TO THE BANK
To establish and maintain a contractual relationship with the Bank, the provision of certain personal data is a legal and/or contractual requirement. In accordance with applicable regulations on anti-money laundering and the prevention of terrorist financing, the Bank is specifically required to identify its contracting parties as well as the beneficial owners or controlling persons of assets deposited with or managed by the Bank. Additionally, the Bank is legally obligated to keep personal data up to date, requiring the relevant Data Subject to promptly notify the bank of any changes to their personal data.
13. CONSEQUENCES OF FAILURE TO PROVIDE PERSONAL DATA TO THE BANK
If the Data collected by the Bank from the Contracting Party and/or the Related Person is required to fulfill legal or regulatory obligations or to establish an agreement, the inability to collect this Data may prevent the Bank from onboarding the Contracting Party or offering products or services.
Should the Contracting Party not communicate the necessary personal data to the Bank during the existence of a contractual relationship with the Bank, the latter may terminate such a contractual relationship.
14. PERIODIC CHANGES OF THE NOTICE ON PERSONAL DATA PROTECTION
The Bank reserves the right to update the content of the personal data protection notice from time to time and at its sole discretion, particularly in response to changes in the legal basis for processing personal data or modifications to the Bank's data processing practices.
Last update: February 2025
Swiss Financial Market
Supervisory Authority FINMA
Laupenstrasse 27
CH-3003 Bern
Phone: +41 31 327 91 00
Fax: +41 31 327 91 01
E-mail: info@finma.ch
Click here to read the Swiss Banking Association's brochure on Risks in Trading Financial Instruments
Information from the SBA regarding the disclosure of client data and other information in international payment transactions and investments in foreign securities: SBA Information regarding Disclosure of Client Data
Deposit insurance protects the credit balances of private and corporate clients in the event of a bank or securities firm’s bankruptcy. This guarantee is regulated by law.
The protection is limited to a maximum of CHF 100 000 per client and institution. Multiple accounts are added together.
esisuisse guarantees that it will cover protected deposits as part of the self-regulation of Swiss banks and securities firms.
Deposits at Banque Heritage SA are covered by the deposit insurance scheme.
Detailed information at https://www.esisuisse.ch/en
Client Information Deposit Protection Update per January 2023
On 15 July 2014, the OECD council approved the Common Reporting Standard (CRS) for Automatic Exchange of Financial Account Information, which calls on jurisdictions to obtain information from their financial institutions and automatically exchange that information with other jurisdictions on an annual basis.
For more information about the automatic exchange of information, please visit the Organisation for Economic Co-operation and Development (OECD) website:
In Switzerland the Federal Act on the Automatic Exchange of Information (AEOI) entered into force in 2017 and applies to all financial institutions including Banque Heritage. If the client is resident in a partner jurisdiction of Switzerland (i.e. a country that has signed a bilateral AEOI agreement with Switzerland), Banque Heritage has to report on an annual basis the relevant information on the reportable accounts to the Swiss tax authorities, which in turn will pass on the information to the tax authorities of the concerned partner jurisdiction.
Please click below to visit the official website of the Swiss State Secretariat for International Finance SIF and its list of partner countries with Switzerland regarding the Automatic Exchange of Information on financial accounts.
Automatic Exchange of Information and list of Switzerland's partner countries
You can find the regulatory publication requirements, as per FINMA circular 2016/1, following this link: 2024 Disclosures (statutory and consolidated)
The full report is available at the Bank’s headquarters.
For further information please contact heritage@heritage.ch.
Previous years:
2023 Disclosures
The Federal Act on Financial Services Act (FinSA) entered into force on 1 January 2020. Its main objective is to strengthen the protection of investors through increased information and documentation requirements relating to the provision of financial services, namely the purchase or sale of financial instruments, the receipt and transmission of orders relating to financial instruments, asset management, investment advice, the granting of credit to carry out transactions on financial instruments.