Asset and population growth per region
Compared to onshore markets such as Germany, Switzerland benefits more from demographic developments and asset growth in the rest of the world.
While the number of millionaires in Europe is currently increasing by only 3.6%, it is growing by 8.4% in Asia and 7.6% in North America. Thanks to their position as global asset managers, Swiss banks, which manage CHF 2.4 trillion for foreign private clients, are able to “insource” some of this growth. With total private assets managed by Swiss banks standing at around CHF 3.7 trillion, foreign client deposits account for around two-thirds of the total.