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The number of British bankers and financial services workers migrating to Britain has risen by nearly a third, according to data compiled by a UK TV news channel.

Channel 4 News said, according to figures from the Swiss Federal Migration Office, 383 British citizens working in banking and financial services moved to Switzerland in 2010, an increase of 28% on the previous year.

Financial institutions and politicians have lobbied the UK government against increased taxation, arguing that the changes would drive the banking industry overseas. Switzerland, with its low personal and business taxes, is a favored destination.

Under the broader rubric of banking, insurance and consulting, which includes IT, 1,379 Britons were given permission to work long-term in Switzerland in 2010. This is an increase of 29% over the 2009 … Continue Reading

The Finance Lounge passes 100,000 memebrship mark

The Finance Lounge, the premiere business network platform for the wealth industry has surpassed 100,000 members. We encourage anyone interested to broaden his/her network to join and start developing relationships with like-minded professionals. Basic membership is complimentary.

We look forward to seeing you join.

The Privatebanking.com Team

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