Our regional offices

Dedicated regional offices for Independent Asset Managers

Dedicated to helping you serve your clients

Our dedicated teams of expert advisors in major financial centres work with specialists to support you in your search for the best solution for you and your clients.

Geneva

Marcel Macherel
Independent Asset Manager Desk

Liechtenstein

Daniel Taverna
NPI Bank VON ERNST AG

Lugano

Patrick Manzan
Independent Asset Manager Desk

Lugano

Filippo Fink
Independent Asset Manager Advisory Team

Luxembourg

Jean-Nicolas Braun
NPI Bank (LUXEMBOURG) S.A.

Miami

Roberto Gadala-Maria
EFG CAPITAL INTERNATIONAL CORP

Monaco

Luca Sassi
EGF BANK MONACO SAM

Singapore

Oliver Balmelli
NPI Bank AG, SINGAPORE BRANCH

Zurich

Lucia Althaus
Independent Asset Manager Desk

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Investment Insights • MFN

Financial variables are more uncertain than you think

Financial variables are more uncertain than many investors recognise. That message is worth recalling at the present juncture where both short-term and long-term interest rates are seen as close to their peaks. While many commentators may expect both to decline slowly, history suggests that they may move by large amounts in either direction in the coming months. In this Macro Flash Note, NPI Chief Economist Stefan Gerlach looks at historical data for three-month and 10-year Treasury yields to show just how difficult they are to predict.

Stefan Gerlach

2 min read
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