Switzerland, as many will be familiar, is one of the world's pre-eminent wealth management centres. Indeed, according to Boston Consulting Group's (BCG) annual study of the world's wealth management sector, Switzerland remains the world's largest offshore wealth management marketplace. In its last report in mid-2017, BCG reported that Switzerland held US$2.4 trillion in offshore assets out of a total offshore asset pool of US$10.3 trillion. Its closest rival, Singapore, managed less than half of that sum.

The data and status is clear. Indeed, as the home to such players as UBS, Credit Suisse, Julius Baer, Lombard Odier and Pictet, the profile of Switzerland as a leading international wealth management centre is very clear. 

What is less clear, however, is the status of Switzerland as a centre for wealth management technology. Frankly, as technology has developed to play an increasingly important role in the delivery of wealth management propositions, it should not come as a surprise to anyone that a centre with such strength in wealth management is also home to a significant number of wealth management technology solution providers.

Indeed, once you engage with these businesses, Switzerland does indeed have a significant depth of solution providers that are relevant to the business needs of wealth managers. Our latest TWM Solution Provider Map focuses exclusively on Swiss headquartered players and includes 98 businesses, the vast majority of which are captured in our Technology & Data marketplace.

Major names like Avaloq, SIX, Swisscom and Temenos mix with players with ever-growing digital-focused participants like additiv, Appway and Crealogix alongside a range of new and old firms serving all sorts of business needs such as Adviscent, Finartis, fundinfo, indigita, InvestGlass, Profidata and unblu.

Switzerland is indeed home to a growing and developing wealth management technology (WealthTech) ecosystem. And, for a centre that has so reach internationally, Switzerland is just the start for many of these businesses as they reach into markets elsewhere in Europe, Asia and beyond. Switzerland is a real WealthTech centre and should do more to push this skillset. 

See our TWM Solution Provider Map - Swiss HQ Players here.