UBS Group AG’s chairman has criticized Switzerland, his home market, for losing its appeal as a wealth management hub. According to him, cities like Hong Kong and Singapore are increasingly outshining Switzerland in this sector.
In addition to this, he issued a warning about potential risks looming in the US insurance industry. These concerns highlight the shifting dynamics in global finance and the need for vigilance in managing emerging challenges.
https://www.bloomberg.com/news/articles/2025-11-04/ubs-chair-warns-switzerland-losing-edge-insurance-systemic-risk