Henry Kissinger, the former US Secretary of State, shared a close friendship with Robert Holzach, a prominent figure in the Swiss banking industry. Holzach, who held positions as the chairman and later the president of the Swiss Bank Corporation (now UBS), deeply impressed Kissinger with his unwavering commitment to democracy and integrity within the business realm. Their bond was forged during their time as members of an international advisory committee, where they developed a mutual respect and personal connection.One particular experience that left a lasting impact on Kissinger was Holzach’s invitation to the Landsgemeinde, a traditional Swiss democratic gathering. This event showcased Holzach’s profound dedication to his homeland and his relentless efforts to safeguard Swiss values in an ever-changing world. Kissinger saw in Holzach a true embodiment of the virtues that the Swiss banking sector had unfortunately veered away from, resulting in a loss of respect.Drawing parallels between the Swiss values and the financial world, Kissinger recognized that just as the achievements of Switzerland were never taken for granted, the banking industry was also undergoing significant transformations during that time, often not for the better. The need to navigate these changes while upholding the principles of progress and belief in the future was a challenge that both Switzerland and the financial sector faced.In summary, Henry Kissinger’s admiration for Robert Holzach stemmed from his unwavering commitment to democracy and integrity within the Swiss banking industry. Holzach’s invitation to the Landsgemeinde showcased his dedication to preserving Swiss values in a changing world. Kissinger saw in Holzach a reflection of the virtues that the banking sector had lost, and recognized the parallel between Switzerland’s approach to its achievements and the need for the financial world to adapt to the evolving landscape.

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Information	Details
Geography	Europe
Countries	🇩🇪 🇨🇭 🇺🇸
Sentiment	neutral
Relevance Score	1
People	Henry Kissinger, Robert Holzach, Urs Rinderknecht, Hans-Rudolf Merz, Hans Ulrich Baumberger
Companies	UBS, Swiss Bank Corporation (SBG)
Currencies	None
Securities	None