Outlook

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The business model of Geneva wealth management will continue to evolve under the effect of several forces. Technology will transform the client relationship, data analysis and the automation of tasks, which will reduce certain costs and create new expectations. Regulation will continue to expand, notably in the fields of sustainability, crypto-assets and digital assets, and the liability of senior managers. International competition will intensify, in particular from the Asian and Gulf financial centres. The transfer of wealth between generations, which will be considerable over the coming decades, will change the client base and its expectations.

Consolidation will in all likelihood continue. Institutions of intermediate size, too small to absorb fixed costs and too large to operate with a lean organisation, are the most exposed. The large groups and the specialised players should retain their positions, while the number of independent managers will depend on their ability to bear the requirements of the Financial Institutions Act.

For the financial centre, what is at stake is the preservation of a diversified ecosystem, in which large groups and specialised players coexist, and the attraction of the talent and capital needed for its transformation. Part K will return to these prospects with a view to 2035.

For general information only. This article does not constitute legal or tax advice, does not replace advice on an individual case and creates no lawyer-client relationship. It reflects the legal position as of September 2025.

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Dr Alexander Ressos, TEP

Rechtsanwalt/Attorney-at-Law

I am a Swiss attorney-at-law and also admitted as a solicitor in Hong Kong and in England & Wales, with almost 25 years of experience.

Together with my multilingual team, including Chinese, Japanese, Korean, Russian, Ukrainian and French native speakers, I advise companies and their owners from around the world on the full range of banking, corporate, commercial and tax law matters in Switzerland, including international tax planning, fiduciary services, and legal family office services including immigration & relocation or real estate investments. My practice has a particular focus on clients from growth and frontier markets in Greater China, Central Asia and the Caucasus, the rest of Asia, the Middle East, Africa and Latin America, and I equally advise clients from Europe and North America. Through an affiliated Swiss trust company, we also take care of the incorporation and ongoing administration of their companies and other structures, including accounting, tax returns and corporate secretarial services, and I serve as a professional director where required. With the support of a network of first-class cooperation partners, I also implement solutions worldwide.

My approach is to act as a trusted advisor who works directly with decision-makers, on an equal footing: I start from what you want to achieve and shape every structure, contract and tax decision around your commercial goals and how it improves your after-tax return. As “lawyers who make it happen”, my team and I stay involved until your company is set up, your structure is in place and your transaction has closed, and we remain available for any follow-on work that may be required. You benefit from bespoke solutions and personal attention, and sound, friendly and practical advice. We are not the lowest-cost provider in the market, nor do we intend to be; our aim is to deliver well-founded, proper solutions and excellent value for money.

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