U.S. and EU .. Other interesting articles .. May/June 2010 .. link .. U.S. and EU Banking ~ Geithner and Barnier ~ European and US officials seek joint financial reform ... and link .. EU calls on US to quicken Wall Street reform ... and .. link ..June 1-3-2011 ~ US Visit of EU Internal Market Commissioner, Barnier
February 5, 2012
‘Further nationalization of EU banks likely’
RIYADH: Dr. Patrick Huser, CEO of Zurich Chefinvest, told Arab News European leaders have not yet found an effective way to deal with the economic turbulence in their countries and that the problem of economic recession may continue for some time.
He said in the current climate of recession further nationalization of banks in the euro zone should be expected and stressed the need for a sustainable solution based on a shift in attitude, scale of values and transparency in all matters for dealing with the challenge.
Huser made his comment during his meeting with Dr. Azzam Aldakhil, SRMG’s CEO, at the group headquarters in Riyadh last week.
Chefinvest Ltd. is a Zurich-based finance boutique based on the traditional strengths of Switzerland — its culture, expertise and virtues. It acts according to the principle of developing sustainable integrated solutions for their clients.
The guest was accompanied by Aldakhil during his tour of SRMG facilities, including the new built high-tech studio for both photographing and video. “We want to position our company as content provider rather than publishing only,” Aldakhil told his visitor.
Talking about his relations with the people here, Huser said: “I have built up and maintained relationships with wealthy families and their enterprises in the Middle East for many year and I have great respect as well as appreciation of the Arabic culture. Furthermore, I am born in Kuwait and it is, therefore, always very special for me to have the pleasure to visit the region.” Huser said their goal is to create added value through customized services, so as to meet the clients’ needs in a cost-effective and transparent manner.
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