The case
J.P. Morgan Private Bank’s report reveals the challenges family offices around the globe are facing today. Grappling with complexities, many look for ways to become more effective, nimble and adaptable.
Source: J.P. Morgan and finews
The commentary
Switzerland is very attractive for family offices. Still, some financial centres such as Dubai and Singapore are now competing for these clients. This competition also shows where and how banking can offer added value because in the age of advancing digitalisation and great mobility, the question of location depends on more and more factors. Switzerland as a location is likely to come under even greater pressure in the future.
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