Switzerland is a world leader in Private banking and wealth management, and is home to many of the largest and oldest private banks in the world. The banking sector is very well capitalized and highly regulated, which together with a long experience and focus on private clients, makes Switzerland one of the safest countries in the world in which to hold financial assets.
Many of the Private Banks operating today can trace their origins back over 200 years, and this long tradition of banking excellence has given rise to a robust, professional and efficient Trust and Fiduciary industry capable of providing wealth management services to international clients all over the world.
Banking however is not the end of the story: many clients require a much broader range of solutions, including the management of other types of assets, such as property portfolios, artwork, and luxury assets, as well as personalized family-office type services to plan for and look after the needs of current and future generations.
In 1993 the first international branch of STEP (the Society of Trust and Estate Practitioners) was formed in Geneva, recognizing the importance of Switzerland in the global wealth management industry.