Land-locked Switzerland is expected to remain the largest single offshore financial centre through 2020, owing to its “high service quality, diverse product offerings, political stability, safe-haven currency, and attractive location in the centre of Europe”, the Boston Consulting Group says, in its sixteenth annual report on the global wealth management industry. And although Asian wealth […]
RobecoSAM, which invests in new materials solutions, has noted a recent report from the Boston Consulting Group, which notes that adoption of advanced robots could boost productivity by up to 30% by 2025, and lower labour costs by some 20%. Pieter Busscher, manager of the RobecoSAM Smart Materials fund, said that although the next generation […]
Regulatory changes mean Swiss banks are going to have to compete on equal terms in the global marketplace.
Swiss banks face the prospect of losing 15%, or Sfr135bn francs ($139bn) of their assets as a result of Western Europeans taking their money onshore, said Herbert Hensle, global head of the Strategy & Transformation team of Cap Gemini SA, in a Bloomberg report.