1 The Geneva financial center Mr Ivan PICTET Chairman, Geneva Financial Center Senior Partner, Pictet & Cie Geneva, September 29, 2008 Regional Cooperation Forum

2 The Geneva financial center Number of firmsNumber of jobs Banks142 19’341 Independent asset managers6371’726 Financial intermediaries2’6004’595 Insurance companies6603’048 Fiduciaries1’0963’332 Lawyers, notaries3562’668 Total5’49134’710 Source: Geneva’s Répertoire des Entreprises - September 2006 / GFC Research and infography: Geneva Financial Center – September 2008

3 Classification of banks in Geneva Number of banks Swiss headquarters in Geneva Employees Cantonal bank11765 Big banks203’505 Raiffeisen banks60117 Commercial banks41113 Commercial and investment banks21132’844 Foreign-controlled banks65407’913 Branches of foreign banks Private bankers1063’378 Representations of foreign banks21055 Swiss National Bank ’341 Source: SNB / DSE / SFBC / GFC Research and infography: Geneva Financial Center – September 2008

4 Top 10 Financial Centres 1.London 2.New York 3.Singapore 4.Hong Kong 5.Zurich 6.Geneva 7.Tokyo 8.Chicago 9.Frankfurt 10.Sydney Source: The Global Financial Centres Index 4, City of London – Sep 2008 Research and infography: Geneva Financial Center – Sep 2008

5 Geneva : first in class 10 % of the global transnational private savings No 1 for in Commodity trade finance

6 Geneva : world leader in commodities trading and finance  500 trading companies (Litasco-Lukoil, Solvalub, Centramed): CHF 500 bn turnover  Banks with exclusive experience : over CHF 1’000 bn of transactions financed  2/3 of the oil in the free market  75 % of Russian oil exports  22 % of shipping movements in commodities  All commodities covered (oil products, grains, sugar, coffee, metals and non-ferrous)  75 % of the rice in the free market  6’000 jobs  Top quality-control companies, law firms, fiduciaries  Long tradition of quality and competences  Business-friendly legislative and fiscal environment Sources: Why Geneva, Geneva Economic Development Office - Credit Suisse - GFC Trading & Shipping in Geneva – 2007 Survey, GTSA Research and infography: Geneva Financial Center – September 2008

7 Swiss financial center – Key figures  200’000 jobs in finance (110’000 in banks)  5 % of the country workforce (3 % for banks)  14 % of Swiss GDP (9 % for the banking sector)  CHF 15 bn of contribution to public finances Sources: Compendium Edition 2006, The Swiss Banking Sector, SBA Switzerland and its Financial Center, SBA – February 2006

8 Largest financial centers for transnational private savings - US$ 6’720 billion (figures 2006) (1): Incl. Liechtenstein, Andorra, Monaco, Dubai/Bahrain and Taiwan (2): Incl. Isle of Man and Dublin Source: Boston Consulting Group Global Market Sizing Database Infography: Geneva Financial Center – March 2008

9 Breakdown of clients’ assets managed by banks in Switzerland (figures June 2008) Source: Monthly Statistical Bulletin, Swiss National Bank – August 2008 Infography: Geneva Financial Center – Septembre 2008 Total: CHF 4’716 billions

10 The competitive advantages of the Geneva and Swiss banking sector  Political and macroeconomic stability  Globally integrated and open financial sector  High standard of government supervision and regulation  Excellent reputation of the Swiss financial centre  Strong protection of the customer privacy  Highly educated, multilingual and multicultural workforce  Determined focus on on-the-job training of the personnel (numerous universities and courses on finance)

11 Geneva : attractive for expatriates a successful international city (over 180 nationalities present) tradition of respect for privacy religious and ethnic tolerance diversified and attractive schooling options diversified cultural and social life low crime rate against persons superb medical and hospital infrastructures airport close to city-center (dense European network) population open to new trends numerous city parks and a relaxing countryside charm of the Old Town, the lake area, and the nearby mountains

12 The Geneva financial center is a strong and integral part of the Swiss financial scene. It has built its unique experience over centuries, constantly adapting to the ever-changing needs of a worldwide clientele.