Talacker 41, 8001 Zurich, Switzerland, Phone: +41 43 443 72 00, Fax: +41 43 497 22 70, info@amcham.ch, www.amcham.ch, July 2017/No. 384

The latest events (more pictures on pages 4/5)

Economic take-off in the USA?

Dear members and friends,The media is still full about the starting problems of the Trump Administration and things seem to be in dire straits. Courts still partially block Trump’s travel restrictions, healthcare reform seems a lot more complex than expected, in-frastructure revival is far off, tax reform seems stuck in Congress and the co-ming budget and debt limit negotiations are looming large over the Capitol. And still: For business, things look quite rosy.In mid-June, I attended the SelectUSA Investment Summit in Washington DC and what I heard made me more optimistic. 3000 potential and current investors congregated in DC to learn about the great potential of US direct investments. We heard from four cabinet members: Wilbur Ross (Commerce), Rick Perry (Energy), Steven Mnuchin (Treasury) and Alex Acosta (Labor). They celebrated a US economy in top shape (“lowest unemployment figures in 16 years”), sometimes mixed with the politically necessary words “unleashing the power of the markets”, “rebuilding the economy” and “bringing people back to work”. This Kafkaesque discrepancy did nothing to abate a highly positive atmosphere. The US economy is doing well indeed: taxes (especially corporate taxes) will somehow come down, the flood of regulations will be slowed down and these regulations will in the future be implemented with more pragmatism. So let us not get confused by negative tweets, boasts and threats from the Oval Office. The US economy promises good things. Let’s continue the great Swiss-US business relationship!Enjoy a great summer and see you in fallMartin NavilleCEO

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

Pictet North America AdvisorsGeneva and Zurich | +41 22 307 9000

www.pictetadvisors.comEntrepreneurs shouldn’t have to be their own wealth managers.

Everything you always wanted to know about US Tax Reform – but were afraid to ask!

Tax Symposium 2017 on September 29 in Zurich (full day)The US Tax Reform is a key component for President Trump’s promise to Make America Great Again. Such a tax reform will be crucial for the US economy, but also for many countries exporting to and investing in the USA – first and foremost Swiss companies and the Swiss economy. On September 29, we will bring together top speakers from the US, from the UK and from Switzerland to explore the knowns and unknowns of this Tax Reform and get a better understanding of the consequences for the many stakeholders touched by this reform. Please find details in the enclosed invitation and on www.amcham.ch/events.

Zurich, June 12: AGM 2017: Doris Leuthard (President of the Swiss Confederation) [MS]

Zurich, June 12: AGM 2017: Robert Studer (Chairman 1985-1988), Thomas Knecht (Chairman 1999-2002), Rainer E. Gut (Chairman 1979-1982), Sergio P. Ermotti (Chairman), Doris Leuthard (President of the Swiss Confederation), Egon P.S. Zehnder (Co-founder), Fritz Fahrni (Chairman 1998-99), André Kudelski (Vice Chairman), Martin Naville (CEO) [MS]

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Lugano, June 9: AGM 2017: CEO Luncheon with Sergio Ermotti (Group CEO, UBS) [MS]

U.S. consumer prices and retail sales weaken in MayU.S. consumer prices unexpectedly fell in May and retail sales recorded their biggest drop in 16 months, suggesting a softening in domestic demand that could limit the Federal Reserve’s ability to continue raising interest rates this year. The Fed recently increased borrowing costs for the second time this year, while acknowledging the recent mo-deration in inflation pressures. Policymakers continued to expect the economy to expand at a moderate pace and labor market condi-tions to strengthen further.

Electric cars accelerate past 2m mark globallyThe number of electric cars in the world ac-celerated past the 2m barrier last year, as prices fell and manufacturers launched new models. The number of battery-powered vehicles numbered just hundreds globallyin 2005 and passed the 1m milestone in 2015, but sales jumped 60% in 2016. China, the U.S. and Europe accounted for more than 90% of electric vehicle sales last year, with China the single biggest market, according to research by the International Energy Agency (IEA). The growth globally indicated a rapid market evolution in electric cars, the IEA said, but it cautioned that they made up only 0.2% of all passenger cars.

Hopes of EU-US trade agreement put on iceThe prospect of a revived EU-U.S. trade deal is in “deep freeze”, according to sources in Brussels, undermining reports that the EU has been inching ahead of the UK in the race for an arrangement with Washington. Neither President Trump nor European officials raised the possible resumption of talks during the U.S. president’s visit to Brussels in May. Documents relating to the transatlantic trade and investment partnership (TTIP) have now been locked in a filing cabinet and the code to open it has

been lost, a diplomat joked. It was reported in April that the UK had fallen behind the queue to strike a trade deal with Trump’s administration. According to the Times, Angela Merkel, the German chancellor, had convinced President Trump that talks on a US-EU agreement would be simpler than he thought.

U.S. business inventories post biggest drop in six monthsU.S. business inventories recorded their biggest drop in six months in April, which could temper expectations that inventory in-vestment would support economic growth in the second quarter. The Commerce Depart-ment said business inventories fell 0.2%, the largest decrease since last October, reversing March’s 0.2% gain. Inventories are a key component of gross domestic product. Retail inventories declined 0.2% in April instead of the 0.3% drop reported in an advanced report published in May. Retails inventories rose 0.2% in March.

U.S. jobs market tightens, inflation pressures coolingThe number of Americans filing for unem-ployment benefits fell more than expected in early June, pointing to shrinking labor market slack that could allow the Federal Reserve to raise interest rates again this year despite moderate inflation growth. Inflation could remain sluggish for a while as other data showed import prices re-corded their biggest drop in 15 months in May. Initial claims for state unemployment benefits dropped 8,000 to a seasonally adjusted 237,000 for the week ended June 10, accordinging to the Labor Department. Claims have now been below 300,000, a threshold associated with a healthy labor market, for 119 straight weeks. That is the longest such stretch since 1970, when the labor market was smaller. The labor market is near full employment, with the jobless rate at a 16-year low of 4.3%.

White House communications team impacts perception of PR professionMembers of the White House communi-cations team are traditionally the most prominent public relations professionals in the world. As the most visible figures in American and global media, they are a key voice for advancing presidential policies and priorities that impact not only Americans, but citizens around the world. Under the current administration, they are also impacting something else - their own profession. A survey of public relations pro-fessionals conducted by the USC center for Public Relations at the Annenberg School for Communication and Journalism found that 73.2% of respondents across the po-litical spectrum believe the current White House communications team is impacting the public perception of the PR industry. According to Fred Cook, director of USC Annenberg’s Center for Public Relations, the results of the survey show that the PR industry would prefer to distance itself from the current White House communications team, whose practices are not reflective of the values of the broader industry.

U.S. government and American Airlines are testing new screening deviceAmerican Airlines and the U.S. Transporta-tion Security Administration are testing a new high-definition airport screening device that could allow passengers to keep liquids and laptops in carry-on luggage during screen-ing and potentially avoid new restrictions on in-cabin electronics. The new computer tomography or “CT” scanner is being tested in a pilot project in single checkpoint lane at Phoenix International Airport and could be a long-term solution to avoiding additional se-curity measures. Similar testing is expected to begin in Boston soon. The technology is similar to what is currently used to inspect checked luggage at U.S. airports today, but traditional X-ray machines are used to inspect carry-on luggage.

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Business News from the United States

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Contact us at BCG for a discussion:

The Boston Consulting Groupzrh.info@bcg.com+41 44 388 8666

Shaping the Future. Together.

Switzerland is the world’s most innovative country Switzerland is the leading nation for innova-tion for the seventh year in a row, according to the Geneva-based World Intellectual Property Organization (WIPO). The other countries in the top five for 2017 were Swe-den, the Netherlands, the United States and Britain. Switzerland has held the top spot since 2011. Switzerland came top in the report, which used 81 indicators to analyse 130 economies, for “innovation outputs” (knowledge, technology and creativity) and third overall for “innovation inputs” (human capital and research, infrastructure, market sophistication and business sophistication). With its favorable business environment and solid innovation capabilities, Switzerland remains highly successful in transforming its resources into more numerous and more varied innovation outputs, the report states. Switzerland scored particularly highly for the number of patents filed. In 2016, it filed the most patent applications per head to the European Patent Office.

Swiss supercomputer third fastest in the world The Swiss supercomputer “Piz Daint”, based in Lugano, has been named as the third most powerful in the world behind two Chinese frontrunners. The results, announced at the International Supercom-puting Conference in Frankfurt in June, came just two weeks after Piz Daint - named after a mountain peak near the Italian border - created in Zurich one of the largest ever simulations of the known universe. Operated by the Swiss National Supercomputing Center (CSCS) in Lugano, the computer has been the fastest in Eu-rope since 2013. However, an upgrade at the end of last year tripled its speed and catapulted it towards the top of the global leader board with a top theoretical speed of 25.3 petaflops. Top spots went to Chinese machines “Sunway TaihuLight” (93 peta-flops) and “Tianhe-2” (33.9 petaflops). To

contextualize the sheer power of the plus-20 petaflop machine, a representative of the CSCS compares it to a standard laptop: What Piz Daint can process in one day, a laptop would take 900 years.

Companies making progress on ethical standardsPlans to make companies in Switzerland bear greater responsibility for the effects of their business activities on society and the environment are advancing. Approving an interim report on the implementation of a four-year responsibility program launched in 2015, the government confirmed the four strategic priorities, according to the State Secretariat for Economic Affairs (seco). The cabinet recommends continuing to raise awareness, notably among small and medium-sized Swiss companies, encou-raging transparency in social responsibility activities, helping to develop multilateral norms and promoting the policy in develo-ping countries. Progress has been made on all these fields, according to the statement. A final report on the program is due in 2019.

Renewed debate over banking laws for expatsNew efforts are underway in Parliament to ensure that the Swiss abroad can keep banking and other aspects of a financial life in Switzerland. Since the 2008 global financial crisis, an increasing number of Swiss citizens in other countries have been experiencing trouble keeping a bank account in Switzerland, especially if they reside in the United States. The U.S. and other countries long suspected Swiss banks of harboring tax cheats, but traditional Swiss banking secrecy made this impossible to prove. That has changed. In May, a motion in Swiss parliament by conservative-right politician Roland Rino Büchel garnered widespread support but failed by just three votes. He had demanded that the big banks should be required under law to accept the Swiss abroad as customers. Since then,

supporters of the idea have been mobilizing in Parliament to put the issue on the agenda.

Swiss cities ranked among the world’s most expensiveZurich, Geneva and Berne are among the top ten most expensive cities in the world for expatriates, according to a survey by consulting company Mercer. Only three European cities remain in the top ten list, all of them in Switzerland. Zurich was ranked forth, Geneva seventh, and the Swiss capital tenth in the survey published in late June. The Angolan capital Luanda knocked Hong Kong off the top spot in the annual ranking of 400 cities, Tokyo came third, Singapore fifth, Seoul sixth, Shanghai eighth, and New York ninth. The world’s least expensive cities for expatriates, according to the sur-vey, are Tunis, Bishkek, and Skopje. The Cost of Living Survey 2017 is designed to help multinational companies and govern-ments calculate expatriate compensation packages. It measures currency move-ments against the dollar over 12 months, and uses price movements in New York City as a base for comparison.

Singapore and Hong Kong on track to match Swiss offshore cashSingapore and Hong Kong together will hold as much overseas wealth as Switzerland in four years, according to a study by Boston Consulting Group (BCG). It underscores the boom in private wealth in the Asia Pacific region as well as the impact on Switzerland from the clampdown on tax evasion after the financial crisis. Banks in Switzerland stored USD 2.4 trillion in offshore riches in 2016, the highest in the world, BCG wrote in its annual global wealth report published in mid-June. BCG expects this number to rise to USD 2.8 trillion by 2021. However, Singapore and Hong Kong together are on track to match Switzerland’s expected 2021 total thanks to their proximity to Asia Pacific’s swelling population of millionaires and billionaires.

Business News from Switzerland

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Chamber Events

1. Zurich, May 11: CEO Luncheon with Joerg Reinhardt, Chairman of the Board of Directors, Novartis. Topic: : “Driving Innovation in volatile Times”

2. Zurich, May 23: Panel Meeting. Topic: “Cross-Border Commerce: How to deal with indirect taxes?”

3. Lugano, June 9: CEO Luncheon with Sergio Ermotti, Group Chief Executive Officer, UBS.

4. Zurich, June 23: NextGen CH Event. Topic: “The Compass of Success”

Pictures: [MS] Markus Senn

Martin Naville (Swiss AmCham), Joerg Reinhardt (Novartis), Markus R. Neuhaus (PwC) [MS] (1)

Jennifer de Broglie (Kudelski), Jan-Jesse Müller (C-Matrix Communications), Victoria Tanner (C-Matrix Communications) [MS] (1)

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Christian Leisner (CDR-Life), John C. Reed (F. Hoffman-La Roche) [MS] (1)

Julia Knutti (SAP), Thomas W. Mollet (Opentext) [MS] (1)

Martin H. Bidermann (Rahn + Bodmer), Ivan Wagner, Eric Gustav Ohlund (Ernst & Young) [MS] (1)

Peter F. Weibel (UZH Foundation), Kaspar V. Cassani [MS] (1)

Thomas von Planta (CorFinAd), Stephan PH. Thaler (Swiss Life) [MS] (1)

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Chamber

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Illuminating the investment world.

Raffaello Pietropaolo (Swiss Federal Tax Administration FTA), Michaela Merz (PwC), Romana Giesen (Swisscom), Samy Liechti (BLACKSOCKS) (2)

Sergio Ermotti (UBS / Chairman Swiss Amcham) (3)

Welcome-cocktail (3)

Manuel Ebner (Bank of America Marrill Lynch Int.), Sandro V. Gianella (Knight Gianella & Partner), Peter Steiner (Peter Steiner Holding) [MS] (1)

Karin Wiederkehr (IMP), Stefan Räbsamen (PwC) [MS] (1)

Participants learning ways to live and work, doing it on their own terms (4)

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The Chamber & Youthe automobile hub in Detroit, autoneum is ensuring close collaboration with cus-tomers and suppliers.

ClariantClariant and Huntsman Corporation an-nounced in late May that their Boards of Directors unanimously approved a definitive agreement to combine in a merger of equals through an all-stock transaction. The merged company will be named HuntsmanClariant. On a pro forma 2016 basis, the combination of both companies will create a leading global specialty chemical company with sales of approximately USD 20 billion at announcement.The combined company will be governed by a Board of Directors with equal representation from Clariant and Huntsman and will follow Swiss Corporate Governance standards. The company will be listed on the SIX Swiss Exchange and the New York Stock Ex-change. Beginning in Q1 2018, it will report in USD, while the transaction is targeted to close by year end 2017.

LafargeHolcim In late May, LafargeHolcim announced the appointment of Jan Jenisch as CEO from October 16, 2017. Jan Jenisch joins from Sika AG, which has a leading global position in the development and production of systems and products for the building materials and automotive sectors.

Lombard OdierLombard Odier Investment Managers announces the appointment of Samira Sadik Dadi as Head of Third-Party Dis-tribution, French speaking Switzerland, who joined on May 1. Samira will be reporting to and working closely with Martin Thommen, the recently appointed new Head of Third-Party Distribution for Europe, who joined on June 1 from UBS Asset Management.

Chamber Members in the NewsThe Adecco Group The Adecco Group appoints Franz-Josef Schürmann as Chief Sales & Innovation Officer and Mark De Smedt as Regional Head of the extended Northern Europe. Since taking the role of Regional Head of DACH in 2016, Franz-Josef Schürmann has made important changes to the structure within Germany and Switzer-land. As of July 1, the DACH region will become part of the extended Northern Europe region, together with Benelux and Nordics. Marc De Smedt has been appointed to lead the extended region.

AscomAnette Weber has been appointed by the Board of Directors of Ascom Holding AG as new CFO of the Ascom Group, as of August 1. The current CFO, Bianka Wilson, is leaving Ascom after four years of service in order to pursue new profes-sional opportunities. Anette Weber has worked for the Novartis Group for 20 years in different management posi-tions and acquired extensive expertise in financial and general management, IT and Corporate Governance.

autoneumIn May, autoneum inaugurated its new North America Headquarters in Novi (Michigan).Through close proximity of its Administrative and Technical Center to

New Members Arconic Europe Sàrl, GenevaEngineering and manufacturing of lightweight metals

Boies Schiller Flexner LLP, New York, NYLaw firm

Brown Advisory, Boston, MAInvestment, trust and weath managementEvent Production & Management, Glendora, CAIndependent event production and management

Generali Allgemeine und Personenversi-cherungen, AdliswilInsurance (life, property and casualty)Geneva Chamber of Commerce, Industry and Services, GenevaChamber of commerceGeorg Fischer LLC, Irvine, CAAssembly and sales of industrial plastic piping systemsGroupe Mutuel, MartignyHealth assurance

Hauser & Wirth, Los Angeles, CAArt galleryKassabian Design Build, Encino, CAArchitecture, constructioncturing

Laurenzi Insurance Agency, Westlake Village, CA Insurance agency, brokerage

Medicalwriters.com Inc., New York, NYMedical marketing and communications MyMeleon Inc., Palo Alto, CAWellbeing, health, social networkPro Valor Trust Enterprise, SchaanFinancial and strategic advisoryRandstad Professionals Switzerland, ZurichRecruitment in banking, finance, life sci-ence, IT, legal & compliance, marketing and sales

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Stadler Rail Management AG, BussnangRailway vehicle production

Sustainable Republic, ZurichSustainable products and servicesvon Rundstedt & Partner Schweiz AGOutplacement and career management consultingW.P. Keith Company, Pico Rivera, CAEngineering and manufacturing of high temperature thermal processing systems

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

McDonald’sMcDonald’s and the International Olym-pics Committee (IOC) are ending their long-running sponsorship deal three years early. The fast food chain said it was reconsidering all aspects of its International Olympics Committee busi-ness as part of a plan to re-invigorate its business. The IOC said it understood that McDonald’s is looking to focus on different business priorities. The next Olympics will take place in Japan dur-ing 2020. McDonald’s had extended its sponsorship agreement with the Olym-pics in 2012 for a further eight years.

Nestlé In late June, Nestlé USA announced that it has acquired a minority interest in Freshly, a leading provider of Direct-to-Consumer healthy prepared meals, which currently supplies consumers in 28 states with weekly shipments of meals. As the lead investor in the USD 77 mil-lion round of new funding announced by Freshly, Nestlé is entering an online prepared meals market that is currently USD 10 billion in size in the United States and expected to grow at very attractive rates. As part of the agreement, Nestlé USA’s Food Division President, Jeff Hamilton, joins Freshly’s Board of Di-rectors. Rothschild Rothschild Asset Management an-nounced in late May that Stephanie de Saint-Marcq, who has been working as Client Relationship Manager for Rothschild’s asset management ac-tivit ies in France and Switzerland since 2013, has been appointed Head of the Rothschild Asset Management, distribution business in Switzerland. Stephanie will be based in Geneva and cover institutional clients, fund distribu-tors and financial intermediaries across Switzerland. She will report to Laurent

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Gagnebin, CEO of Rothschild Bank AG.

Schaffner HoldingThe Board of Directors of Schaffner Holding AG has appointed Marc Aeschli-mann CEO of the Schaffner Group. He will take up this position on November 1, the latest. Until Marc Aeschlimann takes over operational management of the Schaffner Group, Kurt Ledermann, CFO and interim CEO, will ensure the continuity of Group management.

SIX After nine years as Group CEO of SIX, Urs Rüegsegger has informed the Board of Directors that he would like to pass on operational responsibility for the company at the end of the business year 2017. The intention is that making this announcement at an early stage will allow sufficient time to fill the position and hand over responsibilities. Since the merger in 2008, Urs Rüegsegger has successfully brought SIX together and driven its devel-opment. SIX has enjoyed success in an increasingly difficult market environment and made an important contribution to the success of the Swiss financial center.

SyngentaChina National Chemical Corporation (ChemChina) announced in early June the successful completion of the Second Settlement of ChemChina’s tender offers for Syngenta. Shareholders who tendered their shares after May 4, 2017, received the consideration of USD 465 per share, and holders of American Depositary Shares (ADS) who tendered their ADSs received USD 93 per ADS, on June 7. In the First and the Second Settlement, ChemChina acquired 94.7% of Syngenta shares in aggregate. As soon as permit-ted by law and applicable regulation, it is intended to de-list the shares from the SIX and to de-list the ADSs from NYSE.

Chamber Events Plan

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GenevaNov. 22, Wednesday, 11:30 am - 2:00 pmMeet the Leader Luncheon with Nigel Lewis, Vice President EAME Distribution Services, Caterpillar R.L.

LuganoSept. 21, Thursday, 19:15 pm - 22:00 pmTicino Annual Dinner 2017 with Bracken Darrell, President & CEO, Logitech

ZurichSept. 19, Tuesday, 11:30 am - 2:00 pmCEO Luncheon with Dr. Zeno Staub,Chief Executive Officer, Vontobel HoldingSept. 26, Tuesday, 5:00 pm - 7:00 pmUS Top Executives living and working in SwitzerlandKristine Braden, Country Officer and Corporate & Investment Banking Head, Citibank (Switzerland); Kirt Gardner Group CFO, UBS; Tarak Mehta, President Electrification Products Division and Member of the Group Executive Committee, ABB; Dr. Björn Johansson, Chairman and CEO, Dr. Björn Johansson Associates Sept. 29, Friday, 9:00 am - 5:00 pmUS Corporate Taxes SeminarFabian Baumer, Vice Director of Tax Policy, Federal Tax Administration, Berne

Mary C. Bennett, Partner, Tax Practice Group, Baker McKenzie LLP, Washington DCJoseph J. Czajkowski, former Senior Tax Counsel, Exxon Mobil Corporation, Irving, TXDaniel Gentsch, Managing Partner Tax, EY, ZurichCaroline L. Harris, Vice President, Tax Policy & Chief Tax Policy Counsel, US Chamber of Commerce, Washington DCKenneth J. Kies, Managing Director, Fe-deral Policy Group LLC, Washington DCTom Patten, Partner, US Tax, PwC, LondonPeter R. Altenburger, Counsel, Altenburger Ltd legal + taxOct. 4, Wednesday, 11:30 am - 2:00 pmCEO Luncheon with Dr. Pietro Supino, Chairman of the Board of Directors, TamediaOct. 26, Thursday, 11:15 am - 2:00 pmHR Personnel Forum in Zurich, UBS Compensation Survey Outlook 2018 and Panel DiscussionDr. Daniel Kalt, Chief Economist Switzerland, UBSNov. 17, Friday, 8:30 am - 12:30 pmNegotiation - an Intercultural Challenge1/2 Workshop for Executives in Swiss-US Businesses,«Getting to YES ®» Open Negotiation based on the HARVARD CONCEPT®Jochen Luksch, Managing Partner,

See www.amcham.ch for more event details

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Egger, Philips & Partner; Dr. Mark Young, Associate Consultant, Washington/Berlin, Egger, Philips & PartnerJan. 22, Monday, 11:30 am - 2:00 pmCEO Luncheon with Dr. Vishal Sikka, CEO, Infosys

BostonNov. 17, Friday, 6:00 pmAnnual Members Meeting

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

Los Angeles QuarterlyOrange County Swiss Business MixerOct. 12, ThursdayArt, Fashion & Economics Dinner ProgramDec. 7, ThursdayAnnual Christmas Holiday Gala at the Beverly Hills Hotel

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