The Swiss fund market reached CHF 1,565 billion in Q3 2024, marking a 14.4% growth this year, with significant inflows into bond and money market funds. UBS now holds a dominant 36.3% market share following the Credit Suisse takeover, while other providers like Amundi, Swisscanto, Blackrock, and Pictet have also increased their shares.
Pictet is expanding its Zurich private banking unit by acquiring four specialists from UBS, marking a significant loss for the major bank. The new hires, Gregor Meier, Martin Frei, Steffen Glos, and Roger Baumann, will join Pictet at the historic Leuenhof building on October 1, 2024. This move underscores Pictet's strategy of organic growth and its ambition to strengthen its presence in German-speaking Switzerland.
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