The 2025 fiscal year proved challenging for Bergos on multiple fronts. Operating profit fell from 8.6 million to 5.7 million Swiss francs – a drop of roughly one third. Net profit for the year came in at 4.6 million francs, down from 6.8 million the prior year.

A central drag on earnings was the decline in interest income. Net interest revenue fell from 14.2 million to 12.4 million francs. Fee and service income, by contrast, held essentially flat at 33.6 million francs.

Net New Money in the Red Again

Net new money continued its negative trend. After outflows of roughly 354 million francs in 2024 – as finews reported – the figure deteriorated further to around 223 million francs in 2025. Even so, assets under management climbed to approximately 8 billion francs, carried by favorable market performance.

People familiar with the bank attribute the persistently negative net new money figures to the departure of several senior relationship managers in 2024. Those exits triggered substantial one-off outflows whose aftereffects continued to reverberate through 2025.

A Triumvirate Takes the Helm

2025 was also a year of transition in leadership. In January 2026, the bank announced the resignation of long-serving CEO Peter Raskin, who had shaped the institution since 2009, as finews reported.

Operational management passed to a trio: Till C. Budelmann (chief investment officer), Danting Liu (chief financial officer and chief operating officer), and Simon Wanzenried as chief private banking. Wanzenried, a former Credit Suisse and Julius Baer executive, joined Bergos only last summer (the article is available in German only on finews.ch) and has already made a visible mark.

«Focus on Sustainable Growth»

Around the same time, Peter Schmid – former chief executive of Merrill Lynch Bank (Suisse) in Geneva and Union Bancaire Privée (UBP) in Zurich – assumed the chairmanship of the board of directors, as finews reported.

In response to finews, Schmid sets out the strategic direction plainly: «Our competitive advantage lies in the fact that our long-term oriented owners allow us to put client interests first at all times and to focus on sustainable growth.»

M&A Is on the Agenda

Schmid is also thinking about acquisitions over the medium term.

He currently has one dossier in front of him and expects further opportunities to emerge over the next 12 months. «We want to – and can – benefit from consolidation in wealth management,» Schmid says, provided the cultural fit is right.

Shipowners, Entrepreneurs, Art Collectors

Bergos operates in a tightly defined niche: entrepreneurial families from Switzerland and Germany, with a particular concentration in the shipping industry.

Industry insiders estimate that around half of Europe's 30 largest shipping families count among the bank's clients. Alongside that, Bergos deploys art advisory and valuation as both a client acquisition tool and a value-added service offering.

A Solid Balance Sheet

On the cost side, the bank continues to invest selectively. Personnel expenses rose modestly to 33.4 million francs. Hiring is planned, but with a measured approach, according to people close to the firm.

The balance sheet remains robust, with total assets of 581 million francs and a strong equity buffer.

Spring Signals

There are early signs of a trend reversal for the current year. In the first quarter of 2026, the bank took in gross inflows of roughly 450 million francs, according to sources familiar with the matter – with net new money of around 350 million francs. Operating profit for the first three months is said to stand at approximately 3.2 million francs.

That would put Bergos on course to deliver full-year operating profit of between 9 and 10 million francs – well above the 2025 level.