Global Tax 50 2014: Patrick Odier
President, Swiss Bankers' Association
Defending the interests of the Swiss banking industry has not been the easiest challenge in recent years. The role has fallen for the past five years to Patrick Odier, chairman of the Swiss Bankers' Association (SBA). He has battled to ensure that on topics such as the Common Reporting Standard, which will start operating as the global standard for the automatic exchange of information (AEoI) from 2017, and the facilitation by Swiss banks of non-residents, particularly US citizens, to keep undeclared assets in Switzerland, the position of his 317 institutional members and about 18,500 individual members is adequately explained and protected. The SBA argues that Switzerland will be particularly affected by AEoI because of the amount of global assets invested cross-border that are managed there. "For Switzerland, it is therefore important that the AEoI Standard is as practicable and fair as possible," the SBA says. Odier has been to the fore in pressing for a single global standard based on reciprocity and the legal and technical protection of data.
Odier, who became chairman of the board of Lombard Odier, the private bank, on January 1 this year, having been senior managing partner since July 2008, leads an organisation whose members have been under constant fire in recent years from other jurisdictions, the EU and tax justice campaigners. With the advent of the CRS, he can only hope things quieten down on the tax front.
The Global Tax 50 2014
Gold tier (ranked in order of influence)
1. Jean-Claude Juncker 2. Pascal Saint-Amans 3. Donato Raponi 4. ICIJ 5. Jacob Lew 6. George Osborne 7. Jun Wang 8. Inverting pharmaceuticals 9. Rished Bade 10. Will Morris
Silver tier (in alphabetic order)
Joaquín Almunia • Apple • Justice Patrick Boyle • CTPA • Joe Hockey • IMF • Arun Jaitley • Marius Kohl • Tizhong Liao • Kosie Louw • Pierre Moscovici • Michael Noonan • Wolfgang Schäuble • Algirdas Šemeta • Robert Stack
Bronze tier (in alphabetic order)
Shinzo Abe • Alberto Arenas • Piet Battiau • Monica Bhatia • Bitcoin • Bono • Warren Buffett • ECJ Translators • Eurodad • Hungarian protestors • Indian Special Investigation Team (SIT) • Chris Jordan • Armando Lara Yaffar • McKesson • Patrick Odier • OECD printing facilities • Pier Carlo Padoan • Mariano Rajoy • Najib Razak • Alex Salmond • Skandia • Tax Justice Network • Edward Troup • Margrethe Vestager • Heinz Zourek