Swiss banks hold a good position in the top 50 favorite banks of millionaires prepared by the site Bloomberg. Economic crises do not cause the wealthiest clients to stray from banking institutions.
Switzerland: N°1 in Europe
Seven Swiss banks or banks implanted in Switzerland are found in this classification. Behind the great winner HSBC Private Wealth of Hong Kong, which manages 137.3 billion USD in assets for 340 families, the first Swiss bank to occupy the 5th place is Genevoise Pictet & Cie bank with 57.3 billion USD in managed assets. Just behind, in 6th place (an impressive gain of 27 places in a single year), UBS Family Office which manages 47.5 billion USD. A group of Swiss banks occupy the positions between the 21th and 29th place.
Funds entrusted to Swiss banks continue to increase
Most Swiss banks have maintained their position or progressed in the rating, with the exception of Marcuard that surrendered 19 places in a year.
It is clear from the figures that the number of wealthy families who entrust their money to Swiss banks is relatively low, but these clients are much more fortunate than the average. A single non-Swiss European bank has managed to enter the classification: Spudy & Co. Family Office in Hamburg.
The number of millionaires continue to grow and they are increasingly wealthy. Concerns about the end of Swiss banking secrecy do not seem to curb asset placement in Swiss banking institutions.