Publications

Letter from the CIO - October 2025

Markets in Suspension: Between Euphoria and Caution

▪ Markets continue their momentum, supported by the Fed’s first rate cut and a resilient US

economy.

▪ The frenzy around AI is fuelling tech stocks but rekindling fears of a speculative bubble.

▪ Gold hits a record high, reaffirming its role as a safe haven.

📌Download the full CIO Letter in PDF format here.

October 15, 2025

Publications

Letter from the CIO - April 2026

Geopolitical Easing and Economic Resilience: A More Constructive Yet Still Uncertain Environment

April 16, 2026

Publications

Stablecoins: Washington’s discreet asset

Regulation, innovation, sovereignty: dollar-backed digital assets are emerging as a new instrument of US monetary power.

April 08, 2026

Publications

Banque Heritage strengthens its team with two strategic appointments in Geneva

Banque Heritage announces the appointment of Onur von Burg as Head of Private Banking in Geneva.

April 01, 2026