Deloitte Private now serves the growing family office market in Switzerland
Switzerland is traditionally rich in family offices and high net worth individuals, and the private equity segment is gaining in importance. In order to meet the needs of these clients, the consulting firm Deloitte is now also launching in Switzerland Deloitte Private
In recent years, globalization and digitization have fundamentally changed the environment of many organizations. This is true not only for multinational, publicly traded corporations, but also for family businesses and other privately held companies. Like multinationals, private companies have an increasingly global presence and face increasingly complex cross-border regulatory requirements. As the study Private company global considerations for 2019 by Deloitte shows, increasing business connectivity for private companies today is both the cause of 'disruption' and an opportunity to be 'disruptive' themselves. To meet the new needs, Deloitte has now established Deloitte Private in Switzerland, alongside other offices such as in Belgium, Luxembourg and the UK.
Rising demand for advice from family offices
"We are seeing an increasing demand from private companies for more support to address their biggest challenges: they are looking for new growth opportunities, they want to benefit from digitalization, they want to ensure compliance with ever-changing complex cross-border regulations, and they want to protect themselves against risks such as cyber-attacks. Now more than ever, private companies need experienced advisors they can trust to play out globally integrated solutions locally across all disciplines," explains Karine Szegedi. She leads Deloitte Private in Switzerland and, in this capacity, has also joined the Executive Board of Deloitte Switzerland.
Instead of 20 consultants, just one point of contact
On average, family offices in Switzerland work with around 20 different advisors, including banks, tax advisors as well as those for succession planning. Deloitte Private now becomes the single point of contact, just as decision-makers of family-owned or privately held companies would like. In addition, private companies will benefit from Deloitte's local expertise in tax, mergers and acquisitions, business transformation, assurance and risk management, combined with the broad reach of its global network. According to the consultancy, it already acts for a number of private companies in the Swiss market.
Source: Deloitte
