UK regions offer the key to growth
Swiss private banks had a very good year in 2006, according to Jacques Rossier, partner at Lombard Odier Darier Hentsch in Geneva.
Despite a poor second quarter, net profit growth across the industry was 20%, much higher than expected.
“There has been a large increase in assets, in large part due to market upturn,” says Rossier. “But also there has been strong growth in net new money. We have seen continued growth in 2006 with net new money coming in.
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