London, UK (PRWEB) March 13, 2014
After recovering from a strong fall of 2009 to a growth of 3% in 2010, Switzerland’s economy is expected to embark on the road of positive development over the next five years. The country’s wealth management sector is primed for healthy growth as the private banks which are now engaged in the industry seek to enhance their services and grow their market share. Preserving the ability to evaluate cost-cutting measures to boost profits, while keeping on providing exemplary client services will be the task of primary importance.
In December 2013, Swiss HNWIs kept around 41% of their wealth outside their homeland, which is equivalent to USD 668 billion and much higher than the world average of 20–30%. Swiss HNWIs’ holdings of assets abroad are expected to grow to USD 900 billion by end-2018 and account for just over 41% of their total assets. Asia-Pacific captured nearly 30% of the local HNWIs’ foreign assets, followed by Europe (25.8%), North America (24.8%), Central and Southern America (11.1%), the Middle East (6.6%) and Africa (2.8%). Through 2018, HNWIs are forecast to raise investment in Europe to over 44% of foreign HNWI assets, which is mainly attributed to the revival in economic confidence in the region after the financial crunch.
New market research report “Challenges and Opportunities for the Wealth Sector in Switzerland 2014” drawn up by WealthInsight is now available at MarketPublishers.com.
Title: Challenges and Opportunities for the Wealth Sector in Switzerland 2014
Published: March, 2014
Price: US$ 1,995.00
The report provides a deep analysis of the Swiss wealth management universe and the HNWI population in the country. The HNWI performance is characterized in the period from 2007 and 2012, thus enabling to determine how the country's HNWIs performed during the economic crisis. The research report assesses the state and distribution of wealth in the country; provides a segmented breakdown of the wealth industry fundamentals, including the distribution of wealth and HNWI and wealth trends; gives an up-close look at the competition in the domestic wealth industry alongside shedding light on major HNWI trends. Shrewd insights into the drivers of HNWI wealth are provided as well. Moreover, the study presents a detailed analysis of additional components of Switzerland’s wealth sector such as wealth transfer, philanthropy, etc., besides examining regulations on taxes. Furthermore, exhaustive four-year market forecasts are included, too.
Companies mentioned: Credit Suisse Private Banking, Julius Baer Gruppe, UBS Wealth Management, HSBC Private Bank, and AGPictet&CieLombard Odier.
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More new market research reports by the publisher can be found at WealthInsight page.