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ABOUT THE AUTHOR

Konrad Häuptli graduated from the University of Berne, qualified as an attorney-at-law and was admitted to the Bar of the Canton of Berne. He joined HSBC in 2002 after working with Swiss Re for over 20 years. He then went on to work for KENDRIS in 2016 after retiring as former CEO of HSBC’s Trust Companies in Switzerland. Konrad Häuptli is a member of the Advisory Board of the Swiss Association of Trust Companies (SATC) and is also a member of mixed expert groups representing SATC. He has been managing family assets and has been involved in entrepreneurial activities, board assignments as well as private equity investments.
Blending in in Switzerland

The case

Specialised agencies are helping international managers integrate into Switzerland.

Source: NZZ e-paper 1 January 2025 and 2 January 2025 as well as srf.ch/news (in German)

The commentary

There are 50,000 expats settling down in Switzerland each year – and where we find huge international companies, there are expats and a new kind of business has developed around them: Relocator agencies act as jacks of all trades for expats, and most of them are centred around Zurich and Geneva. Statistics show that every third person aged between 26 and 35 years is a temporary resident staying for one year. 14 % of the people living in Zurich state that English is their main language of communication – as opposed to 1.8 % in the year 2000. Most of the foreigners in Switzerland are Italians, followed by Germands and Portuguese.

Still, the economy is not really gaining momentum. Even though the Swiss economy is in better shape than the one of other countries, it could still do better. ETH Zurich’s Swiss Institute for Business Cycle Research (KOF) stated at the end of last year that the economy has been slumping and that KOF’s business barometer in December 2024 was below the long-term average – a clear sign that the future for Switzerland’s economy can be viewed with restrained optimism only.

This publication has been prepared solely for information purposes and is does not constitute a recommendation, a solicitation, or an offer. The information on which this publication is based has been obtained from sources that we believe to be reliable and in good faith, but we have not independently verified such information and no representation or warranty, express or implied, is made as to its accuracy. All expressions of opinion are made as of the date of publication and may be subject to change without notice. k-flash and all related affiliates accepts no liability or responsibility whatsoever for any consequential loss of any kind arising out of the use of this publication or any part of its contents. The use of this publication should not be regarded as a substitute for the exercise by the recipient of his or her own judgment. This publication is not directed to any person in any jurisdictions that prohibit such publication.
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