Switzerland is the world’s most attractive financial centre for the 'mobile wealthy,' beating London, Singapore and New York, according to a new survey by Scorpio Partnership.
The Alpine nation ranks highest for economic and political stability, legal issues, children’s education and infrastructure, the London-based wealth management adviser said. Switzerland placed fifth for tax and immigration, behind Monaco, Singapore, Cayman and Hong Kong.
'To the mobile wealthy, Switzerland is very nearly all things to all people,' said Scorpio Director Stephen Wall. It 'has been and will continue to be the biggest beneficiary of moves away from London.'
While London retains 'an inherently strong position,' it ranks second after damage resulting from 'recent regulatory and fiscal changes,' Scorpio said. Switzerland’s banks manage an estimated 27% of the globe’s privately held, offshore wealth.