Bank of China (BOC) Set up Branch in Switzerland and Commenced Business

Bank of China (Suisse) SA was formally established on November 26, 2008 and started operation on December 1. Bank of China (Suisse) SA is with main operation in private banking business is set up and wholly owned by the subsidiary BOC (UK). The CEO is the local well-known fund manager Mr. Méchélany, and the bank owns an expert team of about 40 senior local professionals.

Bank of China (Suisse) SA is the first branch of BOC set up in <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /> Switzerland , which will provide high-end private banking services to customers around the world. Swiss private banking business has earned a global reputation, and Geneva is the original place of international private banking business. Bank of China (Suisse) SA will utilize the good legal environment, great professionals, rich customer resources to create a private banking window of BOC in Europe . In addition, the establishment of Swiss branch lays a good foundation for the BOC to introduce overseas advanced management personnel and set up private banking training base.

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