Our investment success is based on timeless principles and disciplined and independent financial analysis performed by approximately 20 analysts in the fields of equities, issuers, interest rates and currencies.


Due diligence


We attach key importance to research, which can be quantified: our analysts formulate their own opinions in more than 400 discussions with more than 200 companies each year.

Clearly regulated responsibilities and deputisation arrangements ensure that all the relevant areas of analysis are covered at any given time.

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Primarily responsible analysts

Primarily responsible analysts Sector
KK Macroeconomics & Investment Policy
NA Macroeconomics & Investment Policy
BS Macroeconomics & Investment Policy
BS Bonds, Currencies & Interest
DB Bonds, Currencies & Interest
SW Bonds, Currencies & Interest
DB Health Care
BG Health Care
CW Health Care
RF Industrials
CW Industrials
RS Industrials
RM Consumer Staples
RA Consumer Staples
NS Insurances
SW Insurances
MB Banks & Financial Services
SI Banks & Financial Services
NS Materials
TH Information Technology
DB Communication Services
RS Consumer Discretionary
LH Consumer Discretionary
PJ Real Estate
CW Real Estate
RS Utilities


Company name Sector Analyst
American Express Banks SI
Banco Santander S.A. Banks SI
Barclays Banks MB
BC de Genève Banks MB
BC Vaudoise Banks MB
Berner Kantonalbank Banks MB
BNP Paribas Banks SI
Cembra Money Bank Banks SI
Citigroup Banks MB
Credit Suisse Group Banks MB
Deutsche Bank Banks SI
Goldman Sachs Banks MB
Handelsbanken Banks MB
HSBC Holdings Banks MB
Hypo Lenzburg Banks MB
ING Groep Banks SI
JP Morgan Chase Banks MB
Julius Baer Gruppe AG Banks MB
Luzerner KB Banks MB
Morgan Stanley Banks MB
Nordea Banks MB
Seebeteiligungs AG Banks SI
SLK Bucheggberg Banks SI
SPAR SLK Riggisberg Banks SI
St. Galler KB Banks MB
Standard Chartered Banks MB
State Street Banks MB
Swissquote Group Banks MB
Thurgauer KB Banks MB
U.S. Bancorp Banks MB
UBS Group Banks MB
Valiant Holding Banks MB
Vontobel Banks MB
VZ Holding AG Banks MB
Wells Fargo Banks SI
Zuger KB Banks MB
Activision Blizzard Communication Services DB
Alphabet Inc. Communication Services TH
APG Communication Services DB
Baidu Communication Services DB
Comcast Communication Services DB
Electronic Arts Communication Services DB
Facebook Communication Services DB
JC Decaux Communication Services DB
Netflix Communication Services DB
NZZ Communication Services DB
Omnicom Communication Services DB
Pearson Communication Services DB
Publicis Communication Services DB
Tencent Communication Services DB
Walt Disney Communication Services DB
WPP Communication Services DB
Adidas Consumer Discretionary LH Consumer Discretionary RS
Autoneum Consumer Discretionary CW
Booking Holdings Consumer Discretionary RS
Burberry Consumer Discretionary LH
BVZ Holding Consumer Discretionary RS
Calida Consumer Discretionary LH
Carnival Corp. Consumer Discretionary RS
Compass Group Consumer Discretionary RS
Dufry Consumer Discretionary LH
Fast Retailing Consumer Discretionary LH
Fielmann Consumer Discretionary LH
Forbo Consumer Discretionary CW
Hennes & Mauritz Consumer Discretionary LH
Hermès Consumer Discretionary LH
Home Depot Consumer Discretionary RS
Hugo Boss Consumer Discretionary LH
Husqvarna Consumer Discretionary LH
Inditex Consumer Discretionary LH
InterContinental Hotels Group Consumer Discretionary RS
Jungfraubahn Consumer Discretionary RS
Kering Consumer Discretionary LH
Lowe's Companies Consumer Discretionary RS
LVMH Consumer Discretionary LH
Marriott International Consumer Discretionary RS
Mc Donald's Consumer Discretionary RS
Nike Consumer Discretionary LH
Norwegian Cruise Line Consumer Discretionary RS
Pilatus Bahnen Consumer Discretionary RS
Richemont Consumer Discretionary LH
Royal Caribbean Cruises Consumer Discretionary RS
Stadtcasino Baden Consumer Discretionary CW
Starbucks Consumer Discretionary RS
Swatch Consumer Discretionary LH
Tiffany Consumer Discretionary LH
Titlisbahnen Consumer Discretionary RS
TJX Consumer Discretionary LH
Ulta Beauty Consumer Discretionary LH
Under Armour Consumer Discretionary LH
V.F. Corporation Consumer Discretionary LH
Valora Consumer Discretionary LH
Yum! Brands Consumer Discretionary RS
Zalando Consumer Discretionary LH
AB InBev Consumer Staples RM
Archer Daniels Midland Consumer Staples RA
Barry Callebaut Consumer Staples RM
Beiersdorf Consumer Staples RM
Bell Food Group AG Consumer Staples RA
Brown-Forman Consumer Staples RM
Campbell Soup Consumer Staples RA
Carrefour Consumer Staples RM
Clorox Consumer Staples RM
Coca-Cola Company Consumer Staples RM
Colgate Palmolive Consumer Staples RM
Constellation Brands Consumer Staples RA
Costco Wholesale Corp Consumer Staples RM
Danone Consumer Staples RM
Davide Campari-Milano S.p.A. Consumer Staples RM
Diageo Consumer Staples RM
Emmi Consumer Staples RA
Essity Consumer Staples RM
Estee Lauder Consumer Staples RM
General Mills Consumer Staples RA
Heineken Consumer Staples RM
Henkel Consumer Staples RM
Hershey Co. Consumer Staples RA
Hormel Foods Consumer Staples RA
Kellogg Co. Consumer Staples RA
Kerry Group Consumer Staples RM
Kimberly-Clark Consumer Staples RM
Lindt & Spruengli Consumer Staples RM
Lindt & Spruengli PS Consumer Staples RM
L'Oréal Consumer Staples RM
McCormick Consumer Staples RA
Mondelez International Consumer Staples RM
Nestlé Consumer Staples RM
Orior Consumer Staples RM
PepsiCo Consumer Staples RM
Pernod Ricard Consumer Staples RM
Procter & Gamble Consumer Staples RM
Reckitt Benckiser Consumer Staples RM
Sainsbury Consumer Staples RM
Sysco Consumer Staples RM
Tesco Consumer Staples RM
The Kraft Heinz Company Consumer Staples RM
Unilever Consumer Staples RM
Walgreens Boots Consumer Staples BG
Wal-Mart Stores Consumer Staples RM
Weleda Consumer Staples DB
Berkshire Hathaway Inc. Diversified Financials NS
Blackrock Diversified Financials SI
GAM Holding AG Diversified Financials SI
MasterCard Diversified Financials SI
Moody's Diversified Financials SI
Partners Group Diversified Financials SI
S & P Global Diversified Financials SI
T. Rowe Price Diversified Financials SI
Visa Inc. Diversified Financials SI
Abbott Health Care DB
AbbVie Inc. Health Care DB
Agilent Health Care CW
Alcon Health Care CW
Align Technology Health Care DB
Allergan Health Care DB
Amerisource Bergen Corp Health Care BG
Amgen Health Care DB
Anthem Health Care DB
AstraZeneca Health Care DB
Bachem Health Care NS
Baxter International Health Care DB
Bayer Health Care DB
Becton, Dickinson & Co. Health Care BG
Biogen Health Care DB
BioMérieux Health Care DB
Boston Scientific Health Care DB
Bristol-Myers Squibb Health Care CW
Cardinal Health Health Care DB
Carl Zeiss Meditec Health Care BG
Coloplast Health Care DB
Coltene Health Care BG
Cosmo Pharmaceuticals Health Care DB
CSL Health Care DB
CVS Health Health Care DB
Danaher Inc. Health Care BG
DaVita Inc. Health Care BG
Dentsply Sirona Health Care BG
DiaSorin Health Care DB
Edwards Lifesciences Health Care DB
Elanco Health Care CW
Eli Lilly Health Care CW
EssilorLuxottica Health Care CW
Fresenius Health Care BG
Fresenius Medical Care Health Care DB
Galenica Health Care BG
Gilead Sciences Health Care CW
GlaxoSmithKline Health Care CW
GN Store Nord Health Care BG
Grifols Health Care DB
Henry Schein Health Care BG
Idorsia Health Care DB
Intuitive Surgical Health Care DB
IVF Hartmann Health Care BG
Johnson & Johnson Health Care DB
LabCorp Health Care DB
Lonza Health Care NS
McKesson Health Care DB
Medacta Health Care DB
Medartis Health Care DB
Medtronic Health Care DB
Merck & Co. Health Care DB
Merck KGaA Health Care CW
Mettler-Toledo Health Care CW
Novartis Health Care DB
Novo Nordisk Health Care CW
Pfizer Health Care DB
Philips Health Care DB
Quest Diagnostic Health Care BG
ResMed Health Care DB
Roche Health Care CW
Sanofi Health Care CW
Siegfried Health Care NS
Siemens Healthineers Health Care DB
Smith & Nephew Health Care DB
Sonova Health Care BG
Straumann Health Care DB
Stryker Health Care DB
Tecan Health Care DB
TEVA Pharmaceutical Health Care CW
Thermo Fisher Health Care DB
Unitedhealth Group Health Care DB
Vifor Pharma Health Care CW
William Demant Health Care BG
Ypsomed Health Care CW
Zimmer Biomet Health Care BG
Zoetis Health Care CW
Zur Rose AG Health Care DB
3M Company Industrials CW
A.P. Moeller-Maersk Industrials RS
ABB Industrials RF
Adecco Industrials RF
Arbonia AG Industrials RF
Assa Abloy Industrials CW
Belimo Industrials CW
Bobst Industrials RF
Bossard Industrials RF
Bucher Industries Industrials CW
Burckhardt Comp. Industrials RF
Burkhalter Industrials RF
Canadian National Railway Industrials RS
Caterpillar Industrials RF
Conzzeta Industrials CW
CoStar Group Industrials RF
CSX Corporation Industrials RS
Daetwyler Industrials RF
Deere & Co. Industrials CW
Deutsche Post DHL Industrials RS
DKSH Industrials RF
dormakaba Holding Industrials CW
DSV Industrials RS
East Japan Railway Industrials RS
Equifax Industrials RF
Eurofins Industrials RF
FedEx Industrials RS
Flughafen Zuerich Industrials RS
Fortive Industrials RF
Geberit Industrials CW
General Electric Industrials RF
Georg Fischer Industrials RF
Honeywell Industrials CW
Huber + Suhner Industrials RF
Implenia Industrials RF
Interroll Holding Industrials RS
Intertek Group Industrials RF
ITW Industrials RF
Kardex Industrials RS
Komatsu Industrials RF
Komax Industrials CW
Kone Industrials CW
Krones Industrials CW
Kuehne & Nagel Industrials RS
Metall Zug Industrials RF
Panalpina Industrials RS
Phoenix Mecano Industrials RF
PIERER Mobility AG Industrials RF
Rational Industrials CW
RELX Industrials RF
Republic Services Industrials RF
Rieter Industrials RF
Schindler Industrials CW
SFS Industrials RF
SGS Ltd. Industrials RF
Siemens Industrials RF
Sulzer Industrials RF
Teleperformance Industrials RF
Union Pacific Industrials RS
United Technologies Industrials CW
UPS United Parcel Services Industrials RS
VAT Group AG Industrials RF
Verisk Analytics (RF) Industrials RF
Waste Management Industrials RF
Wolters Kluwer Industrials RF
Zehnder Industrials RF
Accenture Information Technology TH
Adobe Information Technology TH
ADP Information Technology TH
ALSO Information Technology TH
Amphenol Information Technology TH
AMS Information Technology TH
Ansys Information Technology TH
Apple Information Technology TH
Arista Networks Information Technology TH
Ascom Information Technology TH
ASML Information Technology TH
Bechtle Information Technology TH
Cadence Design Systems Information Technology TH
Capgemini Information Technology TH
CDW Information Technology TH
Cisco Information Technology TH
Cognizant Technology Information Technology TH
Comet Information Technology TH
EPAM Systems Information Technology TH
Fair Isaac Information Technology TH
Gartner Information Technology TH
IBM Information Technology TH
Inficon Information Technology TH
Intel Information Technology TH
Intuit Information Technology TH
KLA Information Technology TH
Lam Research Information Technology TH
Landis+Gyr Information Technology TH
LEM Holding Information Technology TH
Logitech Information Technology TH
Microsoft Information Technology TH
Nvidia Information Technology TH
Oracle Information Technology TH
Paychex Information Technology TH
Roper Technologies Information Technology TH
Salesforce Information Technology TH
SAP Information Technology TH
Sensirion Information Technology TH
SoftwareONE Information Technology TH
SS&C Information Technology TH
Synopsys Information Technology TH
Temenos Information Technology TH
TX Group Information Technology DB
u-blox Information Technology TH
Veeva Information Technology TH
Verisign Information Technology TH
Xilinx Information Technology TH
Aegon Insurances SW
Aflac Inc. Insurances NS
AIG Insurances NS
Allianz Holding Insurances SW
Allstate Insurances SW
AON plc Insurances SW
Arch Capital Group Insurances NS
Axa Insurances NS
Baloise Versicherung Insurances NS
Chubb Ltd. Insurances NS
Generali Insurances NS
Globe Life Insurances NS
Hannover Re Insurances NS
Helvetia Insurances NS
MetLife Inc. Insurances NS
Munich RE Insurances SW
Progressive Corp Insurances SW
Prudential Financial Insurances SW
Prudential plc Insurances NS
Scor Insurances SW
Swiss Life Insurances SW
Swiss RE Insurances NS
Travelers Insurances NS
Vaudoise Versicherung Insurances NS
Zurich Insurance Insurances SW
BASF Material NS
Air Liquide Materials NS
Air Products & Chemicals Materials NS
Akzo Nobel NV Materials NS
BHP Group Materials TH
Chr. Hansen Materials RM
Clariant Materials NS
Croda International PLC Materials NS
DSM Materials RM
Ecolab Materials NS
EMS-Chemie Materials NS
Fuchs Petrolub Materials NS
Givaudan Materials RM
Griston Materials CW
Gurit Materials NS
IFF Materials RM
LafargeHolcim Materials NS
Lanxess Materials NS
Linde plc Materials NS
LyondellBasell Industries Materials NS
Mayr-Melnhof Materials CW
Mosaic Materials NS
Novozymes B Materials RM
Nutrien Materials NS
Rio Tinto Plc Materials TH
Schweiter Technologies Materials NS
Sherwin-Williams Materials NS
Sika Materials NS
Solvay Materials NS
Symrise Materials RM
Vetropack Materials CW
Wacker Chemie Materials NS
Yara International ASA Materials NS
Allreal Real Estate PJ
CS Real Estate Fund Interswiss Real Estate PJ
CS Real Estate Fund Siat Real Estate PJ
Intershop Real Estate PJ
Mobimo Real Estate PJ
PSP Swiss Property Real Estate PJ
Schroder Immoplus Real Estate PJ
Swiss Prime Site Real Estate PJ
Swisscanto Real Estate Fund IFCA Real Estate PJ
Swissinvest RE Investment Fund Real Estate PJ
UBS "Swissreal" Real Estate PJ
UBS Swiss Mix Sima Real Estate PJ
UBS Swiss Res Anfos Real Estate PJ
Zug Estates Real Estate PJ
BKW AG Utilities RS
Romande Energie Holding SA Utilities RS
WWZ AG Utilities RS


Your research contact.
Get in touch with us – We look forward to hearing from you!

Christian Wildhaber

Head of Research

T +41 44 224 60 24

research (at)

Roland Spörndli

Deputy Head of Research

T +41 44 224 60 24

research (at)