The Deloitte Wealth Management Centre Ranking 2015

Key findings:

• Global international wealth management market volume grew from 2008 to 2014 by 2.2%, to 9.2 tn USD: Switzerland maintained its position as leading wealth management centre and Hong Kong is the fasted growing centre (+142% since 2008).

• However, market volume growth was driven by capital market performance, not net new client assets. Overall net new assets in international wealth management are down 23% globally and 7% for Switzerland.

• Swiss domestic market volume grew by 43% since 2008, international market volume by 7%, reducing the relative importance of international market volume for Switzerland.

• Moreover, overall profit margin for Switzerland has been decreasing annually by 5%. Swiss providers face challenges in terms of of revenue efficiency and cost productivity.
• Urgent strategic changes are necessary, driven by a clear understanding of the future target state.