Wealth management dynamics in Switzerland

Switzerland’s affluent population (including HNW and mass affluent individuals) has shown steady growth in recent years, with this segment recording a combined AAGR of 2.3% between 2017 and 2022. The upcoming year may prove to be difficult for affluent Swiss individuals. The collapse of Credit Suisse, uncertainty due to the Russia/Ukraine conflict, and the tightening of monetary policy may blur the growth prospects of affluent individuals. Although due to Switzerland’s safe and resilient reputation, the liquid wealth of affluent individuals is set to grow at 4.9% in 2023.