As the kids say: Big if true.
From FinNews, June 23:
Switzerland has been the global center for private banking
for decades. An exclusive survey shows how this is changing, with
observers believing key turning points are only a few years away.
The major Swiss banks seem to be increasing their clout in the asset management industry, according to a recent finews.com survey conducted in close cooperation with T. Rowe Price. Only 19.8 percent of those surveyed in 2019 thought that Swiss banks had a strong position in the asset management industry, but that number has now risen to more than 28 percent (chart below).
Around 300 employees were polled in the survey and almost 40 percent (34.27 percent and 5.24 percent) of them thought that asset management would become more important than private banking for Swiss finance as a whole (graphic below) in ten years....
....MUCH MORE
