The Swiss finance and banking sector is both unique and extremely buoyant. Switzerland has long been considered the world’s leading financial centre for high net worth wealth management. Over the last few years, it has also earned itself a strong reputation for currency and raw materials trading and fund management.
Switzerland is politically and economically stable with a secure legal system, excellent financial services and a long tradition of private banking. These benefits underpin all sectors of the country’s finance industry: banking, insurance and independent wealth management.
Swiss people are known for their flexibility and pragmatism. They also boast competence in foreign languages, a central position in Europe, modern, reliable infrastructure and an ability to adapt to different cultures.
Swiss law prioritises freedom, privacy and individual property. The assets of foreigners are treated in exactly the same way as those belonging to Swiss nationals.
Banking and wealth management are protected by bank secrecy laws, as defined in Article 47 of the Federal Law on Banks and Savings Banks.
Bank secrecy is the obligation on a bank and its members not to divulge to third parties, including the state and in particular foreign nations, any information entrusted to them by the client nor any details of which they may become aware during their business relationships. This obligation is founded in both the contractual relationship between the bank and the client and privacy laws. Swiss law severely punishes any failure to comply.