⏱ 1 min read
Background
In times of international tension, the Swiss financial centre plays a safe-haven role for large fortunes. It has passed for the first time 10,000 billion francs in assets, according to a Swiss Banking study published in August 2026.
The key points
On Tuesday 27 October 2026, the Geneva Financial Centre Foundation presented its annual study, Le Temps reports. Geopolitical tensions have drawn considerable capital to Geneva banks and asset managers, notably from the Middle East.
In the first half, assets under management at Geneva firms rose by 3 to 14%. Net inflows reached up to 5% for most of them, and up to 10% for a significant share.
The Foundation believes that a departure of UBS from Switzerland would be bad news for the country. It also warns against excessive power for Finma, the Swiss financial market supervisory authority.
Key figures
- 3 to 14% : increase in assets under management at Geneva firms in the first half
- Up to 10% : net inflows for some banks and managers
- More than 10,000 billion francs : assets managed in Switzerland, a record
What it means for businesses
- Geneva banks and managers : strong net new money, on top of buoyant markets.
- Financial centre : UBS's future in Switzerland and Finma's role remain sources of concern.
Further reading
Sources
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