Implementing digitalisation and other solutions in wealth management requires an underlying industrialisation approach to be put in place first if significant efficiency gains and higher margins are to be achieved, write Kristof Trautwein and Pascal Gantenbein.
A referendum in Switzerland has rejected a proposal that would have seen top executives at a company restricted to salaries of no more than 12 times that of its lowest earners. Had the idea met with popular approval, says Brian Caplen, everyone in the country would have lost out.
As the economic scales tip in favour of emerging economies – particularly those in Asia – it seems increasingly likely that one of the region's leading financial centres will steal the status of global wealth management capital from Switzerland. The question is, which city will it be?
The Swiss National Bank has been the most aggressive central bank in a developed economy when it comes to seeking to stop its safe haven status from driving excessive currency appreciation, but many other such institutions are using other, more varied techniques.