In 2025, an estimated 142,000 millionaires will relocate internationally, according to Henley & Partners' latest private wealth migration report. The UK alone faces a net outflow of 16,500 wealthy individuals — the largest exodus any country has experienced since tracking began. Dubai, Switzerland, and Singapore welcome thousands more each year. The Great Wealth Migration, as some call it, is well underway. The result is greater physical mobility without greater asset consolidation. Technology to consolidate the data around diverse assets can bridge the gap.
To boost the efficiency of the Swiss wealth management business and to strengthen Switzerland as a financial and innovation center are two main goals of the OpenWealth Association. The community of banks, wealth, and wealth managers was established in 2021 in Zurich to develop, define, maintain, and operationalize the Open API standard for the wealth management community.
The Swiss watch industry has experienced remarkable growth and success in recent years, setting new export records and attracting the attention of markets around the world. Despite economic challenges and geopolitical uncertainties, the industry has continued to thrive, with strong sales and expanding market opportunities. In this article, we provide an overview of the Swiss watch industry's performance in 2023.
When it comes to efficient and customer-centric train stations, Zurich Hauptbahnhof in Switzerland consistently takes the top spot. In the latest Railway Station Index by the Consumer Choice Centre, Zurich HB was rated as the best train station in Europe for 2023. With its exceptional amenities, convenient location, and excellent customer service, it's no wonder that Zurich HB continues to reign supreme.
Switzerland, known for its stunning landscapes and precision engineering, also boasts a rich architectural heritage. One of the prime destinations for architecture enthusiasts in the country is the S AM Swiss Architecture Museum in Basel. This leading institution has established itself as a hub for exploring modern and contemporary architecture, offering a platform for exhibitions, outreach programs, and a space for critical discussions on the future of the built environment.
In 1997, four researchers left Roche to found Actelion, a Swiss multinational pharmaceutical and biotech company Johnson & Johnson acquired for US $30 billion in 2017. Cardiologist Jean-Paul Clozel assumed the role of founding CEO, but the research brains behind the operation were those of his wife Martine Clozel. Today she is known as one of the most successful female business founders in Switzerland.
The 54th Annual Meeting of the World Economic Forum (WEF) is now taking place in the beautiful town of Davos, Switzerland. It brings together a wide range of world leaders and thinkers. A focus on artificial intelligence (AI) at Davos this year – alongside perennial issues related to geoeconomics and climate change – indicates the significant extent to which this innovative technology is expected to shape our world.
How are political decisions made, and what decision-making calculations need to be taken into account? To what extent do the institutional framework conditions influence the political process? Charles Beat Blankart asked and answered these questions. The founder of public choice theory died at the end of 2023.

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