The Swiss private banking industry is forecast
to grow in the next five years despite the rapidly changing
financial industry and increased regulation, a Swiss Bankers
Association (SBA) report forecasts.
The joint study with Boston Consulting Group
said private banking revenues are likely to rise from CHF25.4bn
($29.8bn) in 2010 to roughly CHF29.8bn in 2015.
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Banking in transition – future prospects
for banking in Switzerland said the regulatory tightening
means that assets sourced from the former core market of Western
Europe and invested in Switzerland will continue to decline.
Key focus: UHNW and holistic
planning
The SBA’s report forecast assets from emerging
markets will see strong growth and gain in importance.
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By GlobalDataKey areas of income growth included ultra high
net worth individuals and holistic financial planning for wealthy
clients.
Total industry assets under management in 2010
stood at CHF2.7trn and would continue to growthe report said.
Return on international and domestic assets
look set to drop and average cost-income ratios rise above their
current average of 77%, in the next five years.
