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Major changes in the independent asset manager industry are forcing custodian banks to adapt. If they don't, they will miss an important business that is one of the pillars of Swiss banking, according to a study available to finews.com.
Why profitability remains a problem for Swiss private banks Why profitability remains a problem for Swiss private banks The private banks in Switzerland are fundamentally well positioned to take on a leading role in sustainability in the future thanks to their strong domestic market, existing expertise, client confidence, networks and the stability of the financial center. Although the share of sustainably invested assets has increased to around 30%, this growth is also due to a very broad definition of sustainable investments. SHARES Although Swiss private banks are increasing their assets u...