Geneva is the world’s capital of Private Wealth Management

If Switzerland is the Nr. 1 financial center for Offshore Banking, Geneva is certainly the capital of Private Banking, considering the number of people and private banks involved in this activity. Although the city only counts about 200,000 inhabitants, nearly 40,000 people gather every day from throughout the region to work in the financial sector, which currently includes around 120 specialized banks, 3,200 financial intermediaries and 850 independent money managers.