SWITZERLAND: Still the leading wealth management centre, but rivals pile on pressure

Switzerland is still the world’s biggest international wealth management centre, managing CHF1.85 billion (USD1.84 trillion) of international assets at the end of 2017, according to accountancy firm Deloitte. However this amount is 7 per cent less than in 2010, and the jurisdiction is under pressure from the UK, with USD1.79 trillion of assets under management and the US with USD1.48 trillion. Hong Kong and Singapore are also growing their market shares rapidly, says Deloitte.