Newsroom

Lately, several commentators have suggested that Switzerland’s dominance in global wealth management, particularly in Asia, is fading. But is this narrative accurate?

The importance of a financial centre or bank cannot be assessed based on assets under management alone. First and foremost, what makes Switzerland the world leader in cross-border private banking is the excellent service and management know-how it offers, rather than the volume of assets it manages.

Many of today’s youngsters see private banking as a much less exciting career option than tech start-ups, yet they have the wrong perception. The private banking industry keeps evolving. It has recognised the need to change and has adapted. Today, it has all the hallmarks of a desirable sector to work in for budding professionals.

As an entrepreneurial family-owned private bank, UBP is uniquely placed to help ultra-high-net-worth (UHNW) families manage their wealth. In some cases, the best way to achieve this is by setting up a family office: the family’s in-house wealth management firm.

Asian Private Banker (08.11.2022) - AUM of more than US$10 billion means the Middle East is now a core part of the UBP group, according to Mohamed Abdellatif, who oversees its business there.

Will the first half of 2022 be remembered as the turning point? It certainly looks that way, judging by the shift in the prevailing mood since last winter.

The wealth management sector in Switzerland, seen by some as traditionalist or even downright old-fashioned, has once again shown how its agility and innovativeness still make it the leader.

Few have been forced by their environment to go through such a deep professional change as private bankers. While relationship-building and advising remains their core role, their job today does not have much in common with what it was before the 2008 slump.

Finews (28.09.2020) - Adrian Kuenzi has taken his next career step at Union Bancaire Privée, he told finews.com in an interview. The bank will keep investing, because the best of cost-cutting program won't help it win new clients.