After a few critical posts, in the present climate, a homage to the financial industry in Switzerland, and this is when it is more en vogue to portray the Swiss banks (especially Credit Suisse) badly.
Over the years, I have had extensive experience with foreign banks and their operational capabilities. Once wealthy clients have overcome the never-ending compliance hurdle, they will find access to numerous stock exchanges or investment fund jurisdictions.
Swiss Custodian Banks: Leading the World in Financial Excellence
Swiss banks are true specialists in holding foreign currencies or, in particular, efficiently handling any securities, regardless of where they are issued. Maintaining such a professional infrastructure is a masterly achievement that requires excellent specialists in the operational area. The leading banks, UBS and Credit Suisse, have long been mentors and educators for the entire industry.
If you live in a country with Swiss banks, you overlook this substantial advantage, especially compared to banks in developing countries. So, it isn’t easy to imagine that one cannot subscribe to their desired investment fund at a bank or that access to a far-flung stock exchange isn’t available. I worked for foreign banks for several years, and the benchmark was the Swiss private banks.
As you would expect, other, predominantly European financial institutions in typical private banking hubs can keep up because they are under pressure from the Swiss banks. But the leaders remain comfortably in the lead.
Source: LinkedIn
