Can Customers Still Trust the Swiss Banking System?

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Jamie Vrijhof-Droese is a cross-border wealth management expert. She heads business development at Switzerland-based wealth management firm WHVP and is a Swiss Association of Wealth Managers. She also co-authored the book Swiss Money Secrets.

On the back of our episode with Ted Baumann, IL’s Global Diversification Expert, about the situation with the banking system in the U.S. (watch here: ), Ted chats with Jamie to get insight from someone very much in the know when it comes to managing your wealth and the Swiss banking system.

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The main benefits of a Swiss bank account include low levels of financial risk and high levels of privacy. Swiss law prevents the bank from disclosing any information regarding an account (even its existence) without the depositor's permission, except in cases where severe criminal activity is suspected.

On this episode, Ted and Jamie discuss the situation with the Credit Suisse bank, which was once one of Switzerland’s most trusted banks, the effectiveness of the Swiss Financial sector management and regulatory structures, and if customers of the Swiss banking system can still have trust in the sector.

If you’re interested in a safe nest egg outside the U.S. or even just exploring your options, you’ll want to hear what Jamie and Ted have to say.

Enjoy the episode, and make sure you hit the subscribe button!

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