The private banking market is constantly evolving - every year is a little different from the year before. The changes have been small so far, but with all the global innovations from fintech, artificial intelligence and robotics, changes are now forecast to come much more rapidly.
For now, the calm before the apparent storm prevails in Switzerland, where private banking is still developing steadily and solidly. In actual fact, client behaviour has remained reasonably constant over the decades. Even during the Covid-19 crisis, wealthy private clients have remained loyal to Switzerland.