Financial Services, Golden compass

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The Deloitte International Wealth Management Centre Rankings 2013

Measuring competitiveness of international private wealth management in Switzerland

The competitive landscape for international private wealth management has changed over the past five years or so. In addition to the global economic slowdown, new regulations and increasing demands from clients are eroding both revenues and profit margins for cross-border wealth management.

Measuring competitiveness of international private wealth management in Switzerland

The competitive landscape for international private wealth management has changed over the past five years or so. In addition to the global economic slowdown, new regulations and increasing demands from clients are eroding both revenues and profit margins for cross-border wealth management.

Switzerland’s competitive position in this demanding global environment will be determined by a combination of policy choices, by regulators and supervisors on the one hand, and by the actions of wealth managers themselves on the other. Maintaining Switzerland’s traditional strength in this area will require both political vision and corporate action. Only by defining and implementing a shared agenda can Switzerland ensure the future for one of its most important industries; an industry that will design innovative products and services, attract client assets, generate employment and so continue to create a significant share of Swiss national income.

This report identifies the areas for improvement by the Swiss authorities and wealth managers, to strengthen Switzerland’s leading position as a wealth management centre and meet the competitive challenge from both established and emerging centres.

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