A decade ago the Swiss National Bank (SNB) shocked global markets by removing the Swiss franc’s peg to the euro, triggering the so-called “Frankenschock.” The abrupt appreciation of the Swiss franc immediately impacted Switzerland’s economy, particularly for globally mobile professionals, expatriates, and multinational companies. Fast-forward to 2020, and the world was grappling with another seismic event—the COVID-19 pandemic—which disrupted global mobility on an unprecedented scale. Two years later, as we just moved out of the pandemic, Russia invaded Ukraine on 24 February 2022, leading to a devastating conflict that has resulted in significant loss of life and displacement. As of early 2025, estimates suggest that nearly one million Ukrainian and Russian troops have been killed or wounded, with approximately 80,000 […]