The Economic Times, 4 Jul 2013
ZURICH: Singapore will dethrone Switzerland in the next two years as the world's top centre for managing international funds, a study said on Thursday, as a global tax crackdown and tighter regulation weaken the Alpine nation's appeal to investors.
Switzerland, still the world's biggest offshore financial centre with $2 trillion in assets, came ahead of rivals Singapore, London, Hong Kong and New York in the 2013 ranking, compiled by PricewaterhouseCoopers as part of its Global Private Banking and Wealth Management Survey. Full story
