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Old Swiss bank keeps up with the turning of the tide

Managing about S$1.5b in AUM, Bordier & Cie is in the midst of an overhaul to satisfy regulatory changes

Mr Bordier says 'in the next generation, taxes will be a non-issue' since OECD rules will force banks to report data to tax authorities.


THE avoidance of tax evasion is not something for private banks to enforce, although banks should be prepared to provide tax-related advice that would benefit clients' overall portfolio performance, says a top executive at Bordier & Cie, a 170-year-old Swiss outfit.