The case
KPMG reports that Swiss private banks manage more assets than ever before.
Source: KPMG
The commentary
According to the report, Swiss private banks are currently experiencing an all-time high in assets under management (almost CHF 3 trillion at the end of 2023). Operating income rose from CHF 19.9 billion to CHF 20.5 billion, primarily thanks to a one-time interest rate advantage in 2023. However, this windfall masked fundamental challenges: sluggish client inflows, rising costs, and a reliance on unsustainable interest income. Given stabilizing interest rates, the financial ecosystem is ripe for industry consolidation, particularly through mergers and acquisitions.
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.
