In Bloomberg , BCG’s Michael Kahlich unpacks the shifting dynamics of wealth management, noting that Switzerland’s long-standing dominance as the world’s top booking center is under pressure from fast-growing rivals like Hong Kong, Singapore, and the United Arab Emirates. BCG’s Global Wealth Report 2025 finds that growing macroeconomic uncertainty and regulatory headwinds are driving wealthy clients to seek safe havens abroad. “This is particularly true for the very wealthy clients of asset managers,” Kahlich adds, noting the acceleration of cross-border flows during turbulent times.
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Bloomberg