The press releases page is designed for journalists, clients and any other stakeholder interested in getting the latest news from Deloitte in Switzerland. For more information on the latest thought leadership pieces and to get in contact with a member of our communications team, please visit our Newsroom.
Zurich, 28 August 2018
In the fiscal year ending 31 May 2018, Deloitte Switzerland increased its net revenue by 8.2%, from CHF 439 million to CHF 475 million, marking the continuation of Deloitte’s exceptional growth path over the last decade. The firm’s Audit & Assurance, Consulting, Financial Advisory, Risk Advisory and Tax & Legal business areas all contributed to the strong performance. Among the industries driving Deloitte’s growth in FY18 were consumer & industrial products, life sciences and financial services.
Zurich, 26 August 2018
swissVR Monitor II/2018 - Swiss board members: Fixed remuneration is the norm, performance-based the exception
Boards of directors bear the long-term strategic responsibility for a company. In Switzerland, most board members receive fixed remuneration for their work. Variable remuneration dependent on business results or the board member’s personal performance is relatively rare. According to the latest edition of swissVR Monitor, the time required for the fulfilment of duties is the most frequently cited criterion for deciding pay. When it comes to their remuneration, board members are all for transparency: 89% of the 344 Swiss Board members surveyed disclose full details of remuneration within the board, while 70% are in favour of a detailed disclosure to shareholders. The survey results paint an encouraging picture: the prevalence of fixed remuneration and emphasis on transparency are in line with modern corporate governance guidelines.
Zurich, 9 August 2018
According to a survey conducted by professional firm Deloitte, 62 percent of Swiss consumers use a loyalty programme at least once a week, such as Cumulus, Supercard or IKEA Family. Nevertheless, just over one-third (36%) of respondents seldom or never use their points for discounts or benefits. Today's customer loyalty programs must therefore offer more than just collecting points. What seems to be crucial is the overall experience, including interest for consumers, as well as providing tailor-made offers and targeted communications. New digital technologies can also help improve customer interaction and make it more responsive.
Zurich/Geneva, 16 July 2018
Women are underrepresented in the cyber security workforce in Switzerland and worldwide. At the same time the industry is facing a growing global shortage of cyber security professionals. To help organisations bridge this gap, the professional services firm Deloitte launches a Women in Cyber initiative across Europe, Middle East and Africa (EMEA) that brings together clients, experts and colleagues in pursuit of achieving gender parity in cyber security.
Zurich, 12 July 2018
The workplace of the future is flexible and connected – but managers are still failing to set a good example
Almost a quarter of office workers in Switzerland have to find their own workspace in their employer’s offices first thing in the morning, and two-thirds work outside of the office at least part of the time. The increasing flexibility in Swiss offices is a reaction to changing working environments, which are becoming ever more knowledge-intensive, creative and connected. However, it is still the case that the working environment, available technologies, and above all the corporate culture frequently lag behind.
Zurich, 7 June 2018
European football market exceeds €25 billion for the first time as the ‘big five’ leagues continue to drive growth
The European football market has exceeded €25bn in revenue for the first time, according to the 27th Annual Review of Football Finance from the Sports Business Group at Deloitte. The 4% increase from 2015/16 was predominantly driven by the ‘big five’ European leagues, which saw combined revenues grow by €1.3bn (9%) to €14.7bn in 2016/17. Growth was not restricted to those biggest leagues, however, with non-big five leagues also seeing revenue increases, but at an inferior rate to that seen in England, France, Germany, Italy and Spain.
Zurich, 23 May 2018
Zurich, 23 May 2018. To provide a platform for innovative HR projects in Switzerland, a new award – the inHR award ("innovative HR") – has been established by Deloitte Switzerland, the Neue Zürcher Zeitung (NZZ), SAP Switzerland and the University of St. Gallen. This award gives recognition to pioneering work in the area of HR by individuals or teams. The entry period for submissions runs from today until 31 July 2018. The awards will be presented in Zurich on 25 October 2018.
Zurich/Geneva, 21 May 2018
The world’s 100 largest luxury goods companies generated sales of US$217 billion in FY2016, but have been growing at a slower pace than in previous years: The average growth rate stands at 1%, which is 6pp lower than one year earlier, according to the annual Global Powers of Luxury Goods report issued by Deloitte. Switzerland remains one of the strongest luxury goods markets, with three companies in the top 12, excelling especially in luxury watch-making.
Zurich, 18 May 2018
2018 marks the sixth consecutive year that the industry-leading tax publication International Tax Review names Deloitte Switzerland “Tax Firm of the Year”. Deloitte Switzerland was also chosen as “Transfer Pricing Firm of the Year” for the sixth time in the last seven years. Winning these awards stands testimony to the quality and sustainable success of the tax and legal practice of Deloitte Switzerland.
Zurich, 11 May 2018
Switzerland remains the world's largest wealth management centre for international assets. But the air is getting thinner at the top, and other financial hubs are gaining ground. According to the latest Deloitte Wealth Management Centre Ranking, a total of USD 1.84 trillion of international assets were managed in Switzerland at the end of 2017.
Zurich, 03 May 2018
Deloitte report: Nine out of ten Swiss business and HR leaders see artificial intelligence, people data and connected workplace as top trends
Amid concerns about automation, the need for new skills, an aging workforce and tightening labour markets, the make-or-break issue facing companies these days is the need for realignment among the C-suite to focus on business’ evolving role in wider society. In its 2018 Global Human Capital Trends report, “The Rise of the Social Enterprise,” Deloitte also examines the increasing expectations of the individual, how the C-suite itself must now operate as a team and the breathless pace at which technology is shaping organisations’ human capital priorities.
Zurich, 22 March 2018
The professional services firm Deloitte North West Europe (NWE) today announces the appointment of Rob Wainwright as a senior partner in its European cyber security practice, where he will help lead and grow the team and business with clients. He will also be engaged in areas of related risk, such as financial crime and fraud. Rob will join the firm in June 2018 and whilst he will continue to be based in the Netherlands, he will work with clients across Europe including Switzerland.
Zurich, 08 March 2018
In celebration of International Women’s Day and as a member of the Advance Women in Business initiative, Deloitte Switzerland expands its ambitions to not only achieve a 30% female leadership by 2020 but furthermore to increase the number of women in technology roles by 5% within the next year.
Zurich, 18 February 2018
Latest Swiss board of directors’ survey shows a clear call for more diversity and digital know-how in the boardroom
Diversity is the top priority for new appointments to the boards of Swiss companies: this includes new skills, different experience, and diverse personalities as well as digital savvy. The latest issue of the Swiss board members’ survey swissVR Monitor also reveals that the workload is increasing for decision-makers on board level and that their tasks are becoming more diverse. According to the 448 Swiss board members surveyed, staffing issues and compliance in particular have become increasingly important topics. When it comes to their outlook for the Swiss economy, board members are quite positive.
Zurich, 12 February 2018
Professional services firm Deloitte Switzerland has appointed a new senior Audit & Assurance partner: Alessandro Miolo joined the firm on 1 February 2018. Deloitte’s dynamic Audit & Assurance practice is well-positioned in the market as last year’s major audit mandate wins of Panalpina and LafargeHolcim clearly indicate. Playing a key role in the Audit & Assurance team, Alessandro will help further build Deloitte’s CFO and Board networks, widen its scope of assurance services and develop the audit of the future. Deloitte continues to deploy cutting-edge technologies to deliver a more meaningful audit.
Zurich, 30 January 2018
Professional services firm Deloitte Switzerland has named Andrew Winters as the new Managing Partner, Risk Advisory, effective 1 January 2018. He has joined the Swiss practice from Deloitte UK and has been appointed as a member of the Swiss Executive team. His appointment alongside Marc Grueter, who joined the firm as partner in December 2017, underlines the firm’s ambitions to further strengthen its Risk Advisory practice.
Zurich, 23 January 2018
The 20 highest earning football clubs in the world generated €7.9bn of revenue in 2016/17, an increase of 6% on the previous year, according to the 21st edition of the Football Money League from Deloitte, the business advisory firm.
Zurich, 15 January 2018
The Top 250 global retailers generated aggregated revenues of USD 4.4 trillion in fiscal year 2016*. This represents a composite growth of 4.1%, according to the Global Powers of Retailing 2018 report from Deloitte. Europe’s share of Top 250 revenues dropped from 39.4% to 33.8% in just 10 years. The gap versus North America is widening and retailers from Asia are gaining ground. In contrast to this, the four Swiss retailers listed in the report all moved up.
Zurich, 19 December 2017
RegTech is the future of banking: Deloitte and Finform automate the process of opening customer bank accounts
The Swiss fintech pioneer and automation specialist Finform and the compliance experts from professional services firm Deloitte Switzerland are joining forces to simplify financial service providers’ compliance processes. The integration of the range of regtech services offered by Deloitte Managed Services and Finform makes it possible to almost completely automate the process of opening customer bank accounts (KYC).
Zurich, 16 November 2017
Digital payment in Swiss retail: Majority of customers already use self-checkout in supermarket, mobile payment on the rise
Paying by smartphone is becoming more and more fashionable in Swiss retail: 17% of Swiss consumers already pay by smartphone and almost as many want to try it out soon. Twint, Apple Pay and Co. still account for only a low share of retail sales, though. The new study conducted by professional services firm Deloitte “Goodbye wallet, hello smartphone?” also shows that the majority of Swiss consumers scan their products themselves, using automated systems to pay for their shopping. Over two thirds of surveyed consumers use self-checkouts, and more than one fifth even every time they visit a supermarket.
Zurich, 14 November 2017
Deloitte CFO Survey: Swiss CFOs expect a boom – European firms hopes for a swifter interest rate policy change
Prospects for Swiss companies and the economy are better than at any point since the franc shock. The latest CFO Survey conducted by professional services firm Deloitte shows one record figure after another: Swiss CFOs assert that company revenues, margins and investments are all on the rise, and the economy as a whole is further reinvigorated. Among our European neighbours, companies in France appear particularly fired up. Also, CFOs in the eurozone are less than impressed by the European Central Bank’s interest rate policy. Meanwhile, UK indicators are pointing downwards.
Zurich, 27 September 2017
According to the Deloitte Swiss Watch Industry Study 2017, digital is at the heart of the Swiss watchmakers’ business strategies. Optimism is back; more than half of watch executives surveyed are optimistic about the future of the Swiss watch industry for the next 12 months, compared to only 2% last year. The market remains challenging, but the industry is tackling its transformation with Digital, Swiss made legislation, the introduction of new products and Smartwatches as ingredients of the change.
London, 14 September 2017
Deloitte Global today reported aggregate member firm revenue of US$38.8 billion for the fiscal year ended 31 May 2017 (FY2017), representing a 7.1 percent revenue increase in local currency terms or a US$2 billion revenue increase and 8.3 percent two-year CAGR.
Zurich, 29 August 2017
The professional services firm launches its Annual Review for 2017. In a market characterized by economic uncertainty, regulatory change and digital transformation, Deloitte’s ability to solve complex problems for clients has led to growth in each of its five core businesses. This Swiss practice has increased net revenue by 13%, to CHF 438 million, in the fiscal year ended 31 May 2017. The firm’s decade-long double-digit growth trajectory continues to be driven by the impressive performance of its Advisory services, supported by a strengthening position in both Audit & Assurance and Tax & Legal. Deloitte continues to invest energetically in the next generation, having launched a number of new solutions, established various landmark market alliances and created over 130 new jobs in Switzerland.
Zurich, 26 August 2017
Optimising processes is still the top priority for the board members of Swiss companies, according to the latest swissVR Monitor, a survey conducted every six months by swissVR in collaboration with Deloitte and the Lucerne University of Applied Sciences and Arts. Boards are though giving more and more attention to digitalisation and talent topics.
Zurich, 25 July 2017
Switzerland's CFOs continue to send out positive signals. According to the current summer edition of the Deloitte CFO Survey, they are predominantly upbeat about the prospects for the economy and the success of their own companies. Swiss CFOs' expectations on their corporate indicators in the 12 months ahead are confident, while the outlook for new investment and higher employee numbers has also improved. In particular, investments in digital business models and in promoting employees' digital skills are being stepped up – although at the same time digitalisation is increasingly perceived as a risk.
Zurich, 12 July 2017
Digital payment systems gaining ground: 42% of Swiss consumers want to pay using their mobile phone in the future, while 64% want to use self-checkout machines
Clearly the importance of digital devices for buying and paying for products is increasing apace. A new study by Deloitte on the impact of digitalisation on customer behaviour in Swiss retail provides evidence for this trend.
Zurich, 28 June 2017
The digital consumer: Almost one-third of Swiss retail sales influenced by the use of digital devices
Digitisation has had a significant impact on customer behaviour in Swiss retail in the last few years. Product sales are increasingly shifting to the internet, generating high growth rates in online sales: in 2016, the value of the merchandise bought online in Switzerland rose by 6.1% to CHF 6.5 billion. Although online sales still account for a relatively modest 7% of overall retail sales in Switzerland, the trend is on an upward trajectory.
Zurich, 13 June 2017
RegTech, the future of banking: Deloitte and Appway launch collaboration on out-of-the-box compliance solutions
Appway, the Swiss-based global software company, and compliance expert and leading professional services firm Deloitte Switzerland have partnered up to launch four managed services offerings. This collaboration combines the best of digitization and regulatory expertise to offer innovative and reliable RegTech solutions to the Swiss financial services industry.
Zurich, 19 May 2017
2017 marks the fifth consecutive year that the industry-leading tax publication International Tax Review (ITR) has named Deloitte ʺTax Firm of the Yearʺ in Switzerland. Deloitte was also chosen as "Transfer Pricing Firm of the Year" for the fifth time in the last six years.
Zurich, 18 May 2017
Europe’s chief financial officers (CFOs) are reporting higher levels of optimism, increased risk appetite and a shift towards more expansionary business strategies, according to Deloitte’s latest European CFO Survey.
Zurich, 16 May 2017
Switzerland remains one of the global leaders in luxury goods thanks to its resilience and brand heritage
Consumers in emerging markets such as China, Russia and United Arab Emirates continue to drive luxury market growth with 70% of consumers claiming to have increased their spending in the last 5 years, compared to 53% in the more mature markets (EU, US and Japan).
Zurich, 11 May 2017
Automation is changing the way we work – so how can the Swiss workforce, companies and educational system adapt?
According to the latest Deloitte study on the impact of automation on the Swiss economy, more jobs have been created than lost thanks to automation in the past 25 years. This trend is likely to continue and the structural transformation of the job market will also likely accelerate.
Zurich, 5 May 2017
Swiss CFOs continue to be optimistic about economic prospects and about their own companies' performance. The spring 2017 edition of the Deloitte CFO Survey thus shows a trend that has now stayed intact for two years.
Zurich, 31 March 2017
On February 12 2017, the Swiss electorate rejected the Corporate Tax Reform III (CTR III) in its proposed form. On the occasion of the quarterly CFO Survey of Deloitte, more than 100 Chief Financial Officers (CFOs) in Switzerland were asked shortly after the vote what they now expect from a revised tax reform.
Zurich, 22 March 2017
The Swiss economy is among the most innovative in the world. Digital transformation and the drive for innovative products and services could be a unique opportunity for Switzerland. The Swiss business location has the potential to take advantage of digitalisation and become significantly more competitive and future-ready. Companies are well placed to meet the requirements and challenges of digitalisation and make the most of the opportunities. The Deloitte industry study ‘Digital future readiness’ shows, which key skills and changes, are needed for companies to facilitate the digital transformation.
Zurich, 8 March 2017
The benefits of gender mixed leadership teams are well known: higher productivity, more innovation power, longer-term business impact and sustainability in our workplaces. In March 2017, for the first time in Switzerland, up to 40 CEOs and leaders united under the Advance Women in Swiss Business umbrella to publicly commit to concrete gender equality goals.
3 February 2017
Deloitte CIO Survey: Pressure on IT departments to drive innovation mounting, yet CIOs not fully equipped to deliver
Swiss IT leaders must start into 2017 by vigorously driving innovation and adopting a more strategic role in their organizations. According to the latest Deloitte CIO Survey, 59% of CIOs surveyed in Switzerland state that the priorities for their IT organisation have clearly shifted. The demand within organizations for technology-enabled innovation is far higher than ever before.
18 January 2017
Deloitte in Switzerland has secured Prime 2, a new development in the Zurich Hardbrücke business area right next to the Prime Tower, as its new flagship Swiss headquarters. Deloitte is the leading anchor tenant of the new building, which is due to be completed around 2020. The new headquarters will support Deloitte’s bold growth ambitions as well as the firm’s flexible and innovative ways of working.
16 January 2017
The top 250 global retailers generated aggregated revenues of US$4.31 trillion in fiscal year 2015, representing composite growth of 5.2 percent, according to the Global Powers of Retailing 2017: The art and science of customers report from Deloitte Global.
19 December 2016
Since the beginning of the current financial year (start 1 June 2016), Deloitte has launched various initiatives and new policies to strengthen the firm’s talent agenda.
15 November 2016
Despite continued uncertainty and concerns about the economic and business environment, Europe’s chief financial officers (CFOs) remain optimistic about the potential for their businesses in the coming year, according to Deloitte’s latest European CFO Survey.
31 October 2016
For the first time since the floor on the franc exchange rate was abandoned, more than half of Switzerland’s CFOs are optimistic about their companies' financial performance.
27 October 2016
Automation is transforming the industries of the Swiss economy, creating employment and innovation opportunities
Deloitte’s latest report on automation, Transforming the Swiss economy, shows that automation will continue to have an overall positive impact on the Swiss labour market. While some jobs will be replaced, many more new jobs will be created as automation cuts the cost of many goods and drives up wages, increasing demand and creating employment.
17 October 2016
Fintech needs Regtech: To reduce costs and drive innovation, financial institutions need to break down value chain
In today’s complex and rapidly evolving landscape, financial service providers face more compliance burdens than ever before. The rising costs and complexity of building and maintaining market-specific regulatory processes are a significant challenge for Swiss banks and asset managers – next to the cost and innovation challenges they are already facing. Working closely with established partners, Deloitte has launched a new platform to automate and outsource regulatory processes: Deloitte Managed Services.
04 October 2016
Deloitte targets accelerated growth with additional €200m investment in the creation of North West Europe firm
Deloitte today announces that its Belgian, Danish, Dutch, Finnish, Icelandic, Norwegian and Swedish member firms will combine with the UK and Swiss firm to create Deloitte North West Europe. The move will see Deloitte invest an additional €200m over the next three years in its capabilities across the region to enhance its service to its global, national and private market clients and to create the best development opportunities for its people.
28 September 2016
Apple® and Deloitte today announced a partnership to help companies quickly and easily transform the way they work by maximizing the power, ease-of-use and security the iOS platform brings to the workplace through iPhone® and iPad®. As part of the joint effort, Deloitte is creating a first-of-its-kind Apple practice with over 5,000 strategic advisors who are solely focused on helping businesses change the way they work across their entire enterprise, from customer-facing functions such as retail, field services and recruiting, to R&D, inventory management and back-office systems.
27 September 2016
According to the Deloitte Swiss Watch Industry Study 2016, the number of watch executives who are pessimistic about the outlook for the Swiss watch industry has doubled since 2015, peaking at 82%. Weaker foreign demand poses the key challenge at the moment – and the industry believes this will remain in the next 12 months.
30 August 2016
Deloitte in Switzerland has increased gross revenue by 24% to CHF 660 million in the fiscal year ended 31 May 2016. The sixth consecutive year of double-digit percentage growth was driven by the significant success of the firm’s Advisory services and continued strong performance within its Audit and Tax & Legal practices. To maintain this level of growth and the positive impact on its clients, Deloitte is investing heavily in the next generation, creating new jobs and innovative service offerings in the process.
25 July 2016
For the first time since the end of 2014, a majority of Swiss CFOs rate the Swiss economic prospects over the next 12 months as positive. According to the latest Deloitte CFO Survey, the CFOs think that the financial prospects for their companies will remain bright too.
31 May 2016
Global luxury brands need to respond smartly to new key market forces and raise their game when serving the evolving expectations of the luxury consumer, according to the third annual Global Powers of Luxury Goods report issued by Deloitte.
27 May 2016
The International Tax Review (ITR) has named Deloitte ʺTax Firm of the Yearʺ for the fourth year in a row. Deloitte was also chosen as "Transfer Pricing Firm of the Year", clearly marking the impact of the firm’s tax and legal advisory services in Switzerland.
25 May 2016
Deloitte’s Debt & Rating Advisory practice aims at facilitating funding access, increasing funding capacity and optimizing funding costs for companies of all sizes, as well as helping corporates manage their public ratings – all key pillars of a company’s business development and success.
21 March 2016
Simon Owen has been appointed the new Chief Executive for Deloitte in Switzerland, effective 1 April 2016. He will succeed Howard Lovell who, after a career of more than 30 years in professional services, retires from Deloitte at the end of May.
17 February 2016
Workplace of the future: 28% of Swiss workforce work from home, 25% as freelancers – and the trend is on the rise
According to a new study by Deloitte, one in four Swiss citizens currently work as freelancers. Of the remaining 75%, one third would like to do so in the next year. The rise of the sharing economy – which incites people to offer and provide services via online platforms – is the main driver of the freelancing trend. At the same time, knowledge-intensive careers and mobile working are becoming increasingly important.
8 February 2016
KMU weiterhin Motor des Schweizer M&A-Marktes trotz insgesamt deutlichen Rückgangs der Transaktionen
Das Jahr 2015 wurde global von einer Rekordzahl von Übernahmen und Fusionen geprägt, allerdings unter stark rückläufiger Beteiligung Schweizer KMU (-19%). Gleichwohl sind innerhalb der Schweiz mehrheitlich KMU an M&A-Aktivitäten beteiligt. Schweizer Small- und Mid Cap-Unternehmen konnten ihre Bewertungen trotz eines turbulenten Jahres auf einem sehr hohen Niveau halten – gar dem höchsten seit 2008.
21 January 2016
The 20 highest earning football clubs in the world generated €6.6bn of revenue last season, an increase of 8% on the previous year, according to the 19th edition of the Football Money League from Deloitte, the business advisory firm.
19 January 2016
Top global retailers enjoy a year of revenue growth despite a bumpy economic environment and digital disruption
The top 250 global retailers generated aggregated revenues of USD 4.5 trillion in fiscal year 2014, representing a steady growth of 4.3% compared with 4.1% in 2013, according to the Global Powers of Retailing 2016 from Deloitte. This is a positive signal for the industry, which had witnessed revenue declines in previous years.
14 January 2016
Uncertainty overshadows outlook for 2016, though Swiss CFOs look to move forward and focus on growth
Almost one year after the Franc shock, Swiss CFOs remain downbeat about the outlook for the country’s economy. They do have an increasingly brighter outlook for their own companies, as the latest edition of the quarterly Deloitte CFO Survey reveals.