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Post COVID: Business Update

29 May 2020
Read time: 3 mins
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Christian Lyk

Author

Christian Lyk

Partner, Chief Executive Officer (CEO)

Adrian Escher

Author

Adrian Escher

Partner, Chairman of the Board of Directors

The world is gradually opening its gates. Here in Switzerland, too, everything is slowly but surely returning to normality. But the former "normal" is no longer the post-corona “normal”. This extraordinary phase has led many of us to rethink and redefine existing patterns, business processes and solutions. We are happy about our new daily routine, processes and services and would like to give you a short update.

 

We are in the fortunate position that the lock down hardly affected our business at all and that we were able to carry out our activities as usual - only this time not from the office, but from home or with strictly regulated office access, minimising the risk for our valued customers as well as employees and the public. The lock down has shown us: Thanks to significant investments continuously made into our IT infrastructure and technological capabilities, efficient work from home is possible and will be maintained to a certain extent, where necessary and desired.

 

However, in order to maintain digital security, our IT department has been working flat out to develop solutions that offer the data protection to which we are accustomed. From digital inboxes, i.e. the digital encryption of physical mail, to secure digital signatures and conferences, we have been able to maintain the same high standards of data security while working even more efficiently. We are aware of IT security risks that have risen as a result of the new remote work reality and take appropriate action to further strengthen our security protocols surrounding the business and financial activities.

 

It has long been part of our strategy to continuously invest in our IT and to promote innovation, process optimisation, security issues and, above all, digital platforms for our customers. In view of COVID-19, this has paid off and will continue to do so in the long term. Our customers were still able to gain secure insight into their affairs at any time and from anywhere. With eKENDRIS we are consolidating all our platforms, be it our entity and wealth management solution, the accounting platform eFinancials or our reporting platform eInvestmentReporting. Even in our Art Management, our digital data management tool is constantly growing, and our regulatory experts are closely following the on-going changes in the areas of FATCA, CRS, MDR and DAC6.

 

On a national level here in Switzerland, we support firms and entrepreneurs in dealing with challenges that affect the workforce, be it short-time working applications or their business as a whole. Internationally, we see a growing demand for long-term and secure solutions for wealth planning, asset structuring and succession planning. In view of the accelerated digitisation process, we are pleased to meet this demand with our innovative strength.

 

Equally, we look forward to supporting you in case of uncertainties or questions in any matter and helping you to make the right arrangements to get back on track.