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Banking in Switzerland

SWISS WEALTH MANAGEMENT PRIVATE BANK (SWMPB LTD) are globally recognized for their reliability, stability, and discretion. As one of the country's cornerstone industries, Swiss banking has built a longstanding reputation for excellence, offering clients unparalleled expertise, world-class financial services, and a tradition of trust that spans generations.

History

The origins of Swiss banking can be traced back to the eighteenth century, when Swiss mercenaries and wealthy merchants brought home considerable wealth from abroad. This influx of capital laid the foundation for what would become one of the world’s most renowned banking systems. Wegelin & Co., established in 1741, was the oldest bank in Switzerland until it restructured in 2013. Other historic institutions include Hentsch & Cie and Lombard Odier, both founded in Geneva in 1796, and The Pictet Group, established in 1805 as a merchant bank. Today, Switzerland continues to play a significant role in global finance, holding approximately one-third of the world’s offshore funds — assets placed outside an investor’s home country — reflecting its enduring reputation for security, discretion, and financial expertise.

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