Tuesday, 02 January 2024 12:17 GMT

Singapore Will Not Overtake Swiss Financial Centre, Says Swiss Bankers Association President


(MENAFN- Swissinfo) The Swiss financial centre is still well-positioned, despite the collapse of Credit Suisse, said the president of the Swiss Bankers Association (SBA) Marcel Rohner. This content was published on September 16, 2025 - 14:25 2 minutes Keystone-SDA
  • Italiano it “Banche svizzere ben posizionate, Singapore non ci supererà” Original Read more:“Banche svizzere ben posizionate, Singapore non ci supererà

“One cannot speak of a loss of importance,” said the 61-year-old in an interview published today by the Neue Zürcher Zeitung (NZZ). Singapore and Hong Kong were acknowledged as major competitors,“but they will not overtake us”, the former CEO of UBS (2007-2009) is convinced.

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In his view, Switzerland still has certain advantages. These include legal certainty, stability and neutrality, as well as strong geographical diversification in cross-border asset management.

“Neither Hong Kong nor Singapore will ever be able to offer all this to the same extent as Switzerland,” said Rohner.

Swiss banks have done well in recent years,“with one exception”, continued Rohner. In this regard, he once again reiterated his disagreement with the regulatory changes planned for UBS after the collapse of Credit Suisse.

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