Swiss Bankers Association: Switzerland Banks Hold $214 Billion of Russian Wealth, Credit Suisse Reveals 4% of AUM Belongs to Russians
19th March 2022 | Hong Kong
Swiss Bankers Association has released an estimate of $160 billion to $215 billion (CHF 150 billion to CHF 200 billion) of Russian wealth are held by banks in Switzerland. Credit Suisse Group CEO Thomas Gottstein has also revealed that 4% of AUM in Credit Suisse Wealth Management business belongs to Russians. Switzerland, a neutral country including buying Gold from both Allied Powers and Axis Powers (Germany) during World War 2, had broke from traditions to stay neutral and agreed to enforce European Union sanctions against Russian companies and individuals. (AUM ~ Assets under Management)
“ Switzerland Banks Hold $214 Billion of Russian Wealth, Credit Suisse Reveals 4% of AUM Belongs to Russians “
Swiss Bankers Association
As the umbrella association of Switzerland’s banks, the Swiss Bankers Association (SBA) brings together some 300 member institutions from the various bank categories and other financial services providers. The Association represents the financial centre’s interests vis-à-vis politicians, authorities and the general public.
Swiss Bankers Association condemns attack on Ukraine (4th March 2022)
- The Board of Directors of the Swiss Bankers Association (SBA) condemns the Russian war of aggression on Ukraine and firmly supports the sanctions against Russia adopted by the Federal Council.
- Swiss banks maintain strict compliance with all applicable regulations and measures, including sanctions imposed by Swiss, international and supranational bodies. Integrity and reputation are important key factors for the financial centre.
- The Board of Directors has decided to exclude the Russian banks Gazprombank (Switzerland) Ltd and Sberbank (Switzerland) Ltd from the SBA with immediate effect.
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit