Press

The Prisoner's Dilemma in Sino-American Trade Relations

A strategic reading of the U.S.–China trade tensions through the lens of game theory.

The ongoing tariff negotiations between China and the U.S. increasingly resemble a lose-lose strategic game. In this article published in L'Agefi, Onur Von Burg, Head of Discretionary Portfolio Management at Banque Heritage, applies the concept of the Prisoner's Dilemma to shed light on the mistrust, retaliations, and instability shaping global trade dynamics.


📄 Read the full article here: Le dilemme du prisonnier à l’échelle des relations sino-américaines | Agefi.com

July 11, 2025

Press

Middle Eastern crisis: a headache for almost all central bankers

The comeback of imported inflation is reshuffling the monetary landscape: tensions are rising in Europe and Japan, whilst Switzerland and China are seeing an unexpected respite.

May 07, 2026

Press

We are a family bank, built by families, for families.

An exclusive interview with our CEO on building a bank shaped by families, for families — and what this vision means for the future of wealth management.

April 29, 2026

Press

Zurich: A strategic hub for Banque Heritage

Banque Heritage has made Zurich a key hub, combining entrepreneurial culture, independent advice, and long-term client relationships with agility and empowered decision-making.

February 02, 2026