Talacker 41, 8001 Zurich, Switzerland, Phone: +41 43 443 72 00, Fax: +41 43 497 22 70, info@amcham.ch, www.amcham.ch, December 2017/No. 386

The latest events (more pictures on pages 4/5/8)A successful jubilee year comes to an endDear members and friends,Together, we had a great year celebrat-ing the Golden Jubilee of the Swiss Amcham with a series of special and well attended events in both Switzerland and the US: Gallatin Award given to Ernesto Bertarelli with a special team of laudators (FC Schneider-Ammann, Daniel Borel, Patrick Aebischer, André Kudelski, Pierre Maudet), the Annual General Meeting with Swiss President Doris Leuthard, the Ticino Annual Dinner with Logitech CEO Bracken Darrell, the launch of “Jobs Now” at the US Embassy with Ambassador Martin Dahinden, our Chairman Sergio P. Ermotti and FC Schneider-Ammann and the LA jubilee dinner with Larry King to name just a few. What a year!I would like to take the opportunity to point out, that Swiss Amcham is much more than an event organizer. As the second largest American Chamber of Commerce in Europe with close to 2,000 members, it is at the same time the largest associa-tion in Switzerland advocating the needs and interests of multinational companies (Swiss and foreign – large and small). This insight into the requirements of interna-tionally active businesses enables us to articulate your economic policy interests in Berne and in Washington, with the media and with other relevant organizations. As an example, I’d like to point out the introduction of the Global Entry Program in Switzerland, our deep involvement in Swiss tax reform or the recently published study on vocational education and training targeted at US-based companies. Our long-term and mutually trustworthy relationship with the Swiss Government and with the US Embassy in Berne ena-bles us to find quick and useful answers to your potential needs and questions.And last but not least - yes - the events of the Chamber offer unique networking opportunities for the business communi-ties in both Switzerland and the USA.Thank you all for being part of this suc-cessful and inspiring endeavour. For the next 50 years, we solemnly promise to further increase all our efforts!Merry Christmas and a Happy New YearMartin Naville and the Amcham Team

ContentBusiness News from the United States ...2 The Chamber & You...........................6/7Business News from Switzerland ............3 Masthead ..............................................7Chamber Events ...................................4/5 Chamber Events Plan ..........................8

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Habemus Ambassador! On Tuesday, November 21, Edward T. McMullen Jr. presented his Letters of Credence to the President of the Swiss Confederation, Doris Leuthard. On his first day as Ambassador of the United States to Switzerland, Amb. McMullen honored Swiss Amcham by joining the Board meeting and dinner in Berne. He will officially assume residence in Berne in mid-December.Ambassador McMullen was selected as a Young Leader of the American Swiss Foundation in 1995 and spent a week in Switzerland meeting with top officials and political leaders as part of the Young Leaders Group. He has since travelled in Switzerland many times with his family. As a strongly business-oriented person with strong ties to the White House and a friend of Switzerland, Amb. McMullen will be the perfect bridge between the “Sister Republics” and further improve the close and mutually profitable relationship between the two countries.Welcome to Switzerland, Mr. Ambassador!

Berne, November 21: Board of Directors Meeting: Swiss Amcham CEO Martin Naville, SIF Ambassador, State Secretary Joerg Gasser, U.S. Ambassador Edward T. McMullen Jr., Swiss Amcham Chairman Sergio P. Ermotti

Washington DC, October 12: Launch event of “Jobs Now” in Washington: UBS CEO Sergio P. Ermotti, Federal Councilor Johann Schneider-Ammann, Swiss Ambassador Martin Dahinden

End of NAFTA would harm the U.S. and Canadian economiesA report recently issued by the Bank of Montreal said that terminating the North American Agreement would harm the U.S. and Canadian economies and reduce their competitiveness versus Asia and Europe. According to the report “The Day After NAFTA”, a failure to renegotiate the trade agreement between the United States, Canada and Mexico would lead to a 0.2% net reduction in real U.S. gross domestic product over the next five years, and a 1% decrease for Canada’s economy. The United States, Mexico and Canada con-cluded a fifth round of talks to update NAFTA in late November with major differences unresolved, casting doubt on whether a deal could be reached by the end of March 2018 as planned. If NAFTA negotiations were to fail, trade among the three countries would be subject to tariffs set by the World Trade Organization (WTO). According to the report, the U.S. industries that would be hardest hit by reverting to WTO tariffs would be automotive, where the supply chain straddles all three economies, and textiles, as Canada and Mexico account for 15% of U.S. manufacturers’ sales.

Cyber Monday on pace for new recordCyber Monday was on track to become the biggest-ever internet shopping day in the United States as people snapped up bargains on toys and electronics, with many more buying from their phones. The shopping event is expected to generate USD 6.6 billion in sales, up from USD 5.6 billion a year ago, according to Adobe Analytics, which mea-sured 80% of all online transactions from the top 100 U.S. web retailers. The buying frenzy has gone on for the better part of a week. Amazon said it broke sales records on the Black Friday weekend. Thanksgiving and Black Friday, during which shoppers spent USD 7.9 billion, according to Adobe, had also generated record online sales. The world’s biggest shopping event was China’s Singles’ Day in November, in which Alibaba Group reported sales of USD 25.4 billion. Online

sales have brightened the overall outlook for traditional U.S. retailers that have ex-panded beyond brick-and-mortar. However, the availability of deals and promotions for weeks hurt foot traffic at stores.

U.S. new home sales scale 10-year highSales of new U.S. single-family homes un-expectedly rose in October to hit a 10-year high amid robust demand across the country, offering a boost to the housing market. The up-beat report from the Commerce Department in late November was the latest indication that housing was regaining momentum after treading water for much of the year because of a shortages of homes for sale and of labor and suitable land for building. It underscored the economy’s strength early in the fourth quarter. The Commerce Department said new home sales increased 6.2 % to a sea-sonally adjusted annual rate of 685,000 units in October, the highest level since October 2007. New home sales, which have now increased for three straight months, added to strong homebuilding and existing home sales data in painting a positive picture of the housing market after it appeared to stall this year.

U.S. November auto sales seen down slightlyU.S. auto sales in November likely slid 0.2 % from the same month in 2016 despite high discounts to consumers as automak-ers have sought to clear out record levels of unsold 2017 model vehicles, according to a statement by industry consultants J.D. Power and LMC Automotive. November U.S. new vehicle sales will likely be about 1.374 million units, a drop of 0.2% from 1.377 million units a year earlier. Despite the minor dip in new vehicle sales, LMC raise its full-year 2017 forecast to 17.2 million units, from a previous estimate of 17.1 million units. U.S. sales of new cars and trucks hit a record high of 17.55 million units in 2016. But a saturated market, thanks partly to a glut of nearly new used vehicles, has forced automakers to hike discounts to entice consumers to buy.

George H.W. Bush becomes longest-living U.S. PresidentGeorge H.W. Bush has become the longest living president in U.S. history at the age of 93 years and 166 days. He reached the milestone on November 25, surpassing Gerald Ford who was 93 years and 165 days old when he died in December 2006 and Ronald Reagan who lived until he was 93 years and 120 days old. Jimmy Carter, who is still alive, is currently in fourth place at 93 years and 56 days. Mr. Bush, who served two terms as Ronald Reagan’s vice president, was elected to the Oval Office in 1988, serving one term before being defeated by Bill Clinton. The 41st president, Mr. Bush, remains politically active and has joined other living former presidents on a number of occasions, most recently at a concert in Texas to raise money for victims of Hurricane Harvey.

Shared self-driving cars could slash demand for U.S. sedansRide services using self-driving vehicles could slash by more than half demand for owner-driven sedans in the United States by 2030, according to a study by KPMG. The researchers forecast that ride services using self-driving vehicles will launch first in densely populated urban and suburban areas. As costs for ride hailing drop, KPMG predicts that by 2030 many families will no longer need to own a sedan to get to work or do errands, but will hail a ride instead. The result, the study predicts, will be a pre-cipitous decline to 2.1 million sedan sales annually in the United States by 2030 from 5.4 million sales currently, as families dump smaller sedans and keep larger vehicles for longer trips. Automakers in the U.S. already are scrambling to re-tool product programs and factories to respond to lower demand for conventional compact and midsize cars, driven by a shift toward sport utility vehicles and pickup trucks. The study echoes com-ments by auto and technology industry executives that self-driving vehicles will be deployed first in ride-for-hire services limited to specific areas of cities or suburbs.

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Numbers of Swiss online shoppers continue to rise The extent of Swiss consumers shopping online has increased over the past year to almost one in two, a new survey has found. This places the country just short of the European average. The statistics show that the number of Swiss people “regu-larly” shopping online has increased from 44% to 49%, an increase that still leaves it behind the European average of 54%. Of this number, the results show, some 80% of Swiss e-shoppers have ordered from foreign websites, continuing a trend of steadily rising cross-border purchases. The top domains for Swiss buyers are Germany (63%), China (34%), and France (32%). As for the reasons driving customers online, the main factors mentioned by survey respon- dents were better prices (62%) and the ability to find items not available lo-cally (57%). The most-purchased products tended to be fashion items, books and shoes.

Swiss diplomat to become new head of EFTA Swiss Ambassador Henri Gétaz, who cu-rrently helps coordinate Swiss-European Swiss-European Union affairs, has been appointed the new secretary general of the European Free Trade association EFTA. Gétaz, who has headed the Di-rectorate for European Affairs within the Swiss Foreign Affairs Ministry since 2010, will take over from Iceland’s Kristinn F. Arnason on September 1, 2018. Henri Gétaz will become the third Swiss to lead EFTA after Charles Müller and William Rossier.

Demand for fair-trade goods hits recordSwiss consumers spend CHF 80 a year on fair-trade products, with fruit making up a quarter of that amount. In 2016, the Swiss spent a total of CHF 664.8 million on fair-trade products - 16% up on the previous year and a new record, according to umbrella organization Swiss Fair Trade. Demand has risen above all for multi-ingredient products such as yoghurt, ice cream and baked goods,

with turnover increasing by 57%. Turnover for chocolate and other cocoa products climbed by 44%.

Switzerland to renew a financial package with the European UnionThe Swiss government has pledged to renew a financial package with the Euro-pean Union to the tune of CHF 1.3 billion, but talks on a framework accord will not be concluded before the end of the year. The promise of the payment to the 28-nation bloc was made during a visit by European Com-mission president, Jean-Claude Juncker, to Bern in late November. The funds are to be split into two separate slices. Some CHF 1.1 billion are aimed at vocational training programmes and efforts to combat youth unemployment in EU member states in central and eastern Europe over the next ten years. The remaining CHF 200 million are destined for migration aid in the whole of the EU.

Swiss researcher calls existence of dark matter into questionA University of Geneva (UNIGE) researcher has argued that models of the universe’s expansion and celestial movements can work without the concepts of dark matter and energy - a position that runs counter to a century of scientific consensus. According to a UNIGE press release, by doing away with the ideas of dark matter and dark energy, the concept could contribute to potentially solving two of astronomy’s greatest myster-ies.Father of this theory is André Maeder, a professor in the university’s Department of Astronomy. In the past, scientists have operated on the assumption that another Swiss astronomer, Fritz Zwicky, coined in 1933. Namely, that there is more matter in the universes that we can actually see. The invisible substance, or matter, became known as dark matter. Its counterpart force, dark energy, is allegedly stronger than the gravitational energy discovered by Newton. However, their remained a catch: nobody could find either one. Now, Maeder found

Business News from Switzerland

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that after several rounds of cosmological testing of a model based on constant empty space, it held true in the context of both Einsteinian relativist theories and Newton’s laws of acceleration. The model predicted the accelerated expansion of the universe without having to factor in any unseen particle or unseen energy - there was no missing variable in his equations.

Switzerland takes on consular services for Iran and Saudi ArabiaThe Swiss government has confirmed that it will officially take up a protecting power mandate in the Iran-Saudi Arabia conflict, representing the rival consular interests in each other’s capital. Switzerland has been in negotiations with the two powers since Feb-ruary 2016, a month after the controversial execution of a Shia cleric in Saudi Arabia and a subsequent attack on the Saudi embassy in Tehran led to a freeze in relations. So-called protecting power mandates involve taking on some consular and diplomatic tasks in the event of a breakdown in relations between two states, allowing for the continuation of low-level engagement. The Swiss cabinet reiterated that it has placed explicit emphasis on protecting power mandates in its 2016-2019 foreign policy strategy. In the past, the country has fulfilled over 200 such missions, notably during the Second World War.

Swiss groups plan single online identitySwiss consumers will be able to use a single digital identity to buy online products and services under a project presented in late November by nine big companies. The aim is to let people use just one login profile to order in shops, buy train tickets or do banking transactions, according to the consortium. The participating companies are UBS, Credit Suisse, Swisscom, Swiss Post, SIX, Raiffeisen, Swiss Federal Railways, Zürcher Kantonalbank and insurer Mobiliar. The plan is to create a joint venture next year for the platform similar to ones in use in Sweden, Norway and Denmark.

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Chamber Events

Sergio P. Ermotti (Swiss Amcham Chairman/ UBS CEO) (1) Calvin Grieder (Bühler), Sergio P. Ermotti (UBS), Amb. Martin Dahinden (Swiss Embassy, Washington), Silvio Napoli (Schindler), Christophe Beck (Ecolab) (2)

1. Washington DC, October 12: Launch Event of “Jobs Now” in Washington

2. Zurich, October 17: Swiss Amcham Dinner for the U.S. Member of Congress Study Tour

3. Zurich, October 26: Panel Meeting: HR Personnel Forum in Zurich. UBS Compensation Survey Outlook 2018 and Panel Discussion

4. Zurich, November 7: Panel Meeting: Evidence Gathering and Discovery in U.S. - Swiss Litigation & Arbitration Proceedings

5. Zurich, November 23: NextGen CH Event: How to get any job — The do’s and don’ts of online networking

6. Zurich, November 27, 2017: Panel Meeting: “Swiss Talent Mobility”

Patrik Stillhart (Jones Lang Lasalle), Mark Shelton (UBS) (3)

Daniel Kalt (UBS), Brandi G. Marsh (Johnson & Johnson), David Henderson (Zurich Insurance), Martin Naville (Swiss Amcham) (3)

Michèle Würsten (Brown Brothers Harriman Services), Miriam Kappeler (UBS), Bettina Humphrey (ARVAL) (3)

Jascha D. Preuss (Reiss+Preuss), Dorothee Schramm (Sidley Austin), Tanja Domej (Faculty of Law, University of Zurich), David N. Luder (Barrasso Usdin Kupperman Freeman & Sarver), Andreas Frischknecht (Chaffetz Lindsey) (4)

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Chamber Events

“Perfect my Profile” (5)“Do’s and don’ts of online networking” (5)

Gert Christen, Manuel Nappo, Manuela Borden, Lorenz Maurer (1) Philipp Stauffer (FYREFLY), Corey McCarthy (Beekeeper), Bertrand Schmitt (AppAnnie), Allan Chuard (Wildfire Interactive) (2)

1. San Francisco Chapter, August 11: Stammtisch - Get Together After Work

2. San Francisco Chapter, October 26: Panel Discussion: “How to win in Global Entrepreneurship”

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Catherine Gumy (UBS), Martina Badrutt (Zurich Insurance), Helen Odell (Novartis), Robert Reppas (Deloitte) (6)

Panel Meeting: Swiss Talent Mobility (6)

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The Chamber & YouCredit SuisseCredit Suisse announced the appoint-ment of Mervyn Chow as CEO for Greater China and Carsten Stoehr as Chairman of Credit Suisse Hong Kong Limited and Credit Suisse Hong Kong Securities Limited. Mr. Chow’s new appointment is in addition to his existing roles as Co-Head of Investment Banking and Capital Markets, Asia Pacific, and CEO for China. In this expanded role, he will lead Credit Suisse’s overall strategy in Greater China across the bank’s Private Banking and Investment Banking platform, to deliver the full strengh of product in-novation of the bank to the entrepreneur, corporate and institutional clients in this important market.

Generali Group As per announcement of the Generali Group Switzerland, Sepp Ruchtig will become Director Distribution Partner Management as from December 1, 2017. He has been working in the insurance industry at a na-tional and international level for 17 years. Thanks to his sound experience working with brokerage and distributor partners, he will further strengthen the distribution division at Generali Switzerland. Sepp Ruchti has previously worked in various management positions within the Zurich Insurance Group and Swiss Life.

Julius BaerOn November 27, the Board of Directors has taken note of the resignation of Boris F.J. Collardi from his position as CEO of Julius Baer, a role he assumed in 2009. Mr. Collardi is leaving Julius Baer with immediate effect. He will join the privately owned Pictet Group in Geneva to co-head its global wealth management group as of mid-2018. The Board of Directors has appointed Bernhard Hodler as CEO with immediate effect. As part of its ongoing succession planning, the Board of Direc-

Chamber Members in the NewsAdecco Group As the Adecco Group recently announced, there will be changes in its Executive Com-mittee. Ian Lee, as Regional Head Asia Pacific, and Chief Information Officer Rob James, will join the Executive Committee as of 2018. Sergio Picarelli will become additionally responsible for the brands Lee Hecht Harrison, Spring Professional and Badenoch & Clark globally. Christophe Duchatellier will become globally responsi-ble for Spring Professional and Badenoch & Clark.

Bucher IndustriesChristina Johansson, member of group management and CFO of Bucher Industries, has decided to leave the company and seek a new professional direction. Manuela Suter, Head of Controlling of Bucher Industries, will assume the position of CFO as a member of group management on January 1, 2018. Christina Johansson was with Bucher Industries since July 2016. Manuela Suter holds a Master’s degree in economics and has completed training to be an auditor. After several years at Ernst & Young and then Holcim, she joined Bucher Industries and assumed the function of Head Group Controlling in 2014.

ClariantClariant recently announced an expanded partnership with Palmer Holland for the business unit Additives in Canada. Adding to their existing responsibilities, Palmer Holland will become the sole regional distributor in North America for Clariant’s performance additives, flame retardants, and waxes. Headquartered in Cleveland, Ohio, Palmer Holland has more than 40 solution providers stationed across the United States and has been an authorized distributor for Clariant Additives since 2012.

New Members A Frame, Los Angeles, CAPost-production solutions for film & television

Bio-Optronics Sàrl, CoppetHealthcare information technology

Breitling SA, GrenchenWatch industry

Eos Chocolates, Los Angeles, CAProduction and sales of chocolates

MSC - Mediterranean Shipping Company, New York, NYOcean transport carrier

Nestlé Health Science, Lexington, MAAdvancing the therapeutic role of nutrition to change the course of health manage-ment for consumers, patients, doctors, nurses and our partners in healthcare

Proventis Partners AG, ZurichIndependent M&A advisor

Swiss Re, Lexington, MAReinsurance

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The Chamber & You

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Switzerland Talacker 41, 8001 Zurich Phone 043 443 72 00, Fax 043 497 22 70 www.amcham.chCEO: Martin Naville Editor Business News: Bettina AsafE-mail: bettina.asaf@amcham.ch

Boston Chapter420 BroadwayCambridge, MA 02138E-mail: boston@amcham.ch

California - Los Angeles Chapter 9461 Charleville Boulevard, #537 Beverly Hills, CA 90212E-mail: losangeles@amcham.ch

California - San Francisco Chapter P.O. Box 26007 San Francisco, CA 94126-6007 Phone 415/433-6679 E-mail: sanfrancisco@amcham.ch

New York Chapter 500 Fifth Avenue, Room 1800 New York, NY 10110 Phone 212/246-7789, Fax 212/246-1366 E-mail: newyork@amcham.ch

Southeast USA Chapter c/o Alcon Laboratories, Inc. 11460 Johns Creek Parkway Johns Creek, GA 30097 Phone 678/415-4219, Fax 678/415-4258 E-mail: southeastusa@amcham.ch

Carolina Division E-mail: carolinadivision@amcham.ch

Florida Division E-mail: florida@amcham.ch

Opinions expressed do not necessarily reflect those of the Chamber‘s Board of Directors. 5 issues p.a.; membership publication

tors will engage in an evaluation process for the long-term leadership of the Group. Bernhard Hodler, currently Chief Risk Offi-cer of Julius Baer, was named deputy to the CEO in September 2017. He has been a member of Julius Baer’s senior executive team since 1998 and has held various senior positions, including Chief Operating Officer and President of the Management Committee of the Bank.

LafargeHolcimLafargeHolcim announced the appointment of Géraldine Picaud as Chief Financial Officer and member of the Executive Committee with effect from February 1. Ron Wirahadiraksa, the current CFO, has decided to pursue opportunities outside the Group. He will remain in his role and provide a smooth handover to Géraldine in due course.

Lindt & Sprüngli Chocoladefabriken Lindt & Sprüngli an-nounces that Kamillo Kitzmantel, CEO of Lindt & Sprüngli (Switzerland) and Member of the Group Management, has decided to retire and will leave the Lindt & Sprüngli Group by end of December 2017. As of January 1, 2018, his responsibility in the function as CEO will be assigned to Marco Peter who has been with Lindt & Sprüngli since the beginning of 2014, currently in the role as Country Manager of the Italian subsidiary Caffarel. Nestlé Stefan Catsicas, Executive Vice President and Chief Technology Officer, has decided to pursue entrepreneurial and venture capital activities outside of Nestlé. He will leave Nestlé effective December 31, 2017, but will maintain a strong relationship with the company in the coming years through an advisory role in science and technol-ogy areas related to the Group’s priorities.

The Nestlé Board of Directors has appointed Stefan Palzer as Executive Vice President and Chief Technology Officer at Nestlé, effective January 1. Stefan Palzer is current-ly Head of the Nestlé Research Center, and is recognized as one of the leading global experts in food engineering and materials science.

Schaffner GroupThe Board of Directors of Schaffner Holding has appointed Max Bänziger as Chief Operating Officer and member of the Execu-tive Committee. He will take up this position on April 1, 2018, the latest. Max Bänziger replaces Ah Bee Goh, who will retire as Vice President Global Manufacturing and COO after more than ten years with the Schaffner Group.

Swiss International Air LinesAndré Blattmann, former Chief of the Swiss Armed Forces, has been appointed to the Board of Directors of Swiss International Air Lines. He will take up his position on January 1, 2018. Blattmann succeeds Montie Brewer, who will step down from the Board at the end of this year. Current Board member Jacques Aigrain will also be relinquishing his mandate in mid-2018.

Swiss ReAs of January 1, 2018, Jerome Jean Haegeli will become Swiss Re’s Group Chief Economist at the Swiss Re Institute. Current Group Chief Economist Kurt Karl will retire at the end of December 2017 after six years in the role and 17 years with Swiss Re. Jerome Jean Haegeli is currently Swiss Re’s Head of Investment Strategy at Group Asset Management. He started his career at Swiss Re in 2008, and prior to joining the company, held senior roles at Bank Julius Baer, the International Monetary Fund’s (IMF) Executive Board, the Swiss National Bank and UBS Warburg.

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Chamber Events Plan

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GenevaFebr. 26, Monday, 11:30 am - 2:00 pmMeet the CEO Luncheon with André Schneider, CEO, Geneva AirportMay 16, Wednesday, 11:30 am - 2:00 pmMeet the CEO Luncheon with Gary Coombe, President Europe, Procter & GambleJun. 14, Thursday, 11:30 am - 2:00 pmMeet the CEO Luncheon with Cyril Ranque, President of LPS (Lodging Partner Services), Expedia Lodging Partner ServicesSept. 4, Tuesday, 11:30 am - 2:00 pmMeet the CEO Luncheon with Gert-Jan van den Akker, President & CEO, Cargill

ZurichJan. 11, Thursday, 6:00 pm - 8:30 pmNew Year‘s Reception - Ambassador Edward T. McMullen Jr., U.S. Embassy Mar. 7, Wednesday, 11:30 am - 2:00 pmCEO Luncheon with Marco Gadola, CEO, Institut StraumannMar. 22, Thursday, 8:30 am - 12:30 pmNegotiation Workshop - Getting to YesMar. 26, Monday, 11:30 am - 2:00 pmCEO Luncheon with Thomas Klühr, CEO, Swiss International Air Lines

Apr. 10, Tuesday, 11:30 am - 2:00 pmCEO Luncheon with Martin Hirzel, CEO, Autoneum HoldingMay 24, Thursday, 11:30 am - 2:00 pmCEO Luncheon with Richard Mora, CEO, Landiys+GyrMay 30, Wednesday, 5:00 pm - 7:00 pmReal Estate Investment in the USAJulian Allen, Citi; Peer Bender, CEO & Delegate, Acron; Tom Lawson, Advisor, Tax PartnerJun. 5, Tuesday, 11:30 - 2:00 pmCEO Luncheon with Mario Greco, Group Chief Executive Officer, Zurich Insu-rance GroupJun. 26, Wednesday, 11:30 am - 2:00 pmCEO Luncheon with Corinne Le Goff, SVP Europe, Amgen (Europe)Sept. 18, Tuesday, 11:30 am - 2:00 pmCEO Luncheon with Christian Mumenthaler, Group CEO, Member of the Group Executive Committee, Swiss Reinsurance CompanyOct. 23, Tuesday, 11:15 am - 2:00 pmHR Personnel Forum, UBS Compen-sation Survey Outlook 2019 and Panel DicussionDr. Daniel Kalt, Chief Economist Switzerland, UBS See www.amcham.ch for more event details

Dec. 4, Tuesday, 11:30 am - 2:00 pmCEO Luncheon with Richard Ridinger, CEO, Lonza LtdFebr. 28, Thursday, 11:30 am - 2:00 pmCEO Luncheon with Peter Voser, Chairman, ABB

FloridaMonthly (every 1st Wednesday, 7:00 pm) Stammtisch in Coral Gables

Los Angeles Febr. 22, Thursday«Oscar Time» event honoring award recipient Mr. Gregory Jbara (Blue Bloods, and Billie Elliott the musical Tony Award winner)Apr. 30, FridayOrange County Swiss Business Mixer

New YorkFebr. 15, ThursdayEconomic Outlook 2018 - Speaker Mike Ryan

San FranciscoMonthly (every 2nd Thursday, 5:30 pm)Swiss-American Business Forum

We would like to thank you, dear member, for your much appreciated support and look forward to continue working with you toward our common goals.Wishing you a merry Christmas and a happy, successful New Year!

Martin

Bettin

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Dian

eLucia

Liana

Ileana