Credit Suisse Demise Cuts Swiss Wealth Lead, Deloitte Says
- Gap to second-place UK has narrowed to just $8 billion
- Inflows are languishing after last year’s forced merger
Credit Suisse Group headquarters in Zurich, Switzerland, in 2021.
Photographer: Thi My Lien Nguyen/BloombergThis article is for subscribers only.
Switzerland’s position as the prime destination for wealth is in jeopardy following the collapse of Credit Suisse, according to a report by Deloitte.
While Switzerland remains the top location for wealth management globally with $2.2 trillion under management, inflows have languished in recent years, the consulting firm said Wednesday.