Switzerland Pressured Over leading Wealth Management Centre Status

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Switzerland is known as world’s largest global wealth management centre, overseeing almost USD 2 trillion in global assets and trading toward the end of last year, according to reports.

However, this sum is 7% less than the 2010 figures, and the country is experiencing pressure from the UK, with USD 1.8 trillion assets under management and the US with USD 1.5 trillion. Singapore and Hong Kong are additionally developing their overall market share quickly.