Americans are knocking more and more insistently on the doors of Swiss banks, although few institutions now cater to this type of clientele. The attraction is Switzerland's reputation as one of the most stable countries, with a prosperous economy and a tradition of neutrality, a sort of safe haven in the storm of Washington's tariffs. +Get the most important news from Switzerland in your inbox Already in March, the Geneva-based private bank Pictet had noted an increase in demand from existing and new clients at its PNAA (Pictet North America Advisors) facility, which is registered with the SEC, the US financial regulator. "We have been observing the same trend since April," a spokeswoman for the group confirmed to news agency AWP without providing numbers. The observation is shared by Billy Obregon, managing director of Vontobel Swiss Financial Advisers (SFA). "In recent months we have seen increasing demand from our US clients who want to diversify their investment portfolios more".
Full story here
Are you the author?
SWI swissinfo.ch – the international service of the Swiss Broadcasting Corporation (SBC).
Since 1999, swissinfo.ch has fulfilled the federal government’s mandate to distribute information about Switzerland internationally, supplementing the online offerings of the radio and television stations of the SBC. Today, the international service is directed above all at an international audience interested in Switzerland, as well as at Swiss citizens living abroad.
Previous post
See more for 3.) Swissinfo Business and Economy
Next post
Tags:
Featured,
newsletter
