One of the world’s leading financial centres

Zurich is not only the most important financial centre in Switzerland, but also one of the most important financial centres in the world.

Client assets managed by banks in Switzerland amount to approximately 7.9 trillion Swiss francs, of which more than 2.3 trillion are from private clients outside of Switzerland. This corresponds to more than 25 per cent of the global market share, making Switzerland the leader in international wealth management, well ahead of Hong Kong and Singapore with 1.9 trillion and 1.1 trillion respectively. Overall, Swiss banks provide services to the value of more than 20 billion Swiss francs per year for clients abroad. Cross-border banking is thus an important export industry and an economically significant factor for Switzerland and Zurich.

The Swiss insurance industry is ideally positioned and boasts a strong international network. The industry also proved very stable throughout the financial market crises. In 2019, the number of jobs provided by Swiss private insurance companies totalled 46,000 in Switzerland and more than 100,000 abroad. The Zurich region ranks among the world’s five leading reinsurance locations, along with the United States, Germany, London and Bermuda.

Situated in the heart of Europe and nestling in a stunning landscape, Zurich ranks among the world’s top cities for quality of life. Security, prosperity and the cosmopolitan spirit of Zurich’s residents are important factors for well-being. The top-class, multifaceted choice of cultural and leisure time activities enthuse and delight Zurich’s residents and visitors alike.

Zurich offers outstanding framework conditions as a business location. Other features are Zurich’s comparatively moderate taxation, a flexible labour market with a highly qualified workforce and straightforward access to top educational and research institutions, as well as high service quality and service-mindedness.

Zurich’s well-developed infrastructure –such as direct connections to the airport and public transport– make the region one of the most attractive business locations in the world.