Wealth management in Switzerland is evolving with investment
fund solutions for private clients. Matthew Feargrieve and Jonathan
Vanderkar, Partners in Appleby's Zurich office, explain
why.
In addition to its primary characteristic as the jurisdiction of
choice for private banking, Switzerland is growing in significance
as a centre of fund management. The country boasts around 15% of
global assets under management, making it the third largest global
centre of asset management after North America and the United
Kingdom. In this light it is perhaps not surprising that there is a
growing fusion between the traditionally separate spheres of
bank-led wealth management and professional fund management. The
growing development of private investment funds (aka 'private
label funds') by banks and family offices in Switzerland as
alternative tools of wealth management are increasingly
complementary to the more conventional techniques of wealth
management which revolve around
