UBS Lost Market Share in the Swiss Fund Management Industry

<img width="250" height="192" src="https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-UBS-looks-to-axe-3000-jobs-in-10bn-cost-cutting-attempt-5090259648iStock-458081329-250×192.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-UBS-looks-to-axe-3000-jobs-in-10bn-cost-cutting-attempt-5090259648iStock-458081329-250×192.jpg 250w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-UBS-looks-to-axe-3000-jobs-in-10bn-cost-cutting-attempt-5090259648iStock-458081329-700×538.jpg 700w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-UBS-looks-to-axe-3000-jobs-in-10bn-cost-cutting-attempt-5090259648iStock-458081329-768×590.jpg 768w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-UBS-looks-to-axe-3000-jobs-in-10bn-cost-cutting-attempt-5090259648iStock-458081329-120×92.jpg 120w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-UBS-looks-to-axe-3000-jobs-in-10bn-cost-cutting-attempt-5090259648iStock-458081329-245×188.jpg 245w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-UBS-looks-to-axe-3000-jobs-in-10bn-cost-cutting-attempt-5090259648iStock-458081329-500×384.jpg 500w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-UBS-looks-to-axe-3000-jobs-in-10bn-cost-cutting-attempt-5090259648iStock-458081329.jpg 1168w" sizes="(max-width: 250px) 100vw, 250px" /><p>In 2023, the merged entity’s market share dropped to 37.6%, a decrease from 39.3% in the previous year. Adrian Schatzmann, the head of the association, forecasts a further reduction in their market share as UBS integrates and streamlines Credit Suisse’s fund offerings. He also noted that some investors seek to diversify their holdings to reduce dependence on a single financial institution.</p>
<p>As per the association’s observations, other beneficiaries of this shift in the market include Swisscanto, BlackRock, Pictet, and Swiss Life.</p>
<p>The Swiss fund market experienced a 3.7% increase in volume, reaching 1.37 trillion Swiss francs (equivalent to $1.59 trillion) in 2023. This growth is largely attributed to the positive performance of financial markets.</p>
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<p>In a broader perspective, the Swiss asset management market saw its assets under management grow by about 5%, totalling 3.02 trillion in 2023.</p>
<p>In the European asset management landscape context, Switzerland has emerged as the third most significant hub, trailing only behind Britain and France, as indicated in a European Fund and Asset Management Association report. Germany ranks after Switzerland in this regard.</p>
<p>The post <a rel="nofollow" href="https://www.leaprate.com/financial-services/ubs-lost-market-share-in-the-swiss-fund-management-industry/">UBS Lost Market Share in the Swiss Fund Management Industry</a> appeared first on <a rel="nofollow" href="https://www.leaprate.com">LeapRate</a>.</p>