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There are four main strengths of using Switzerland

as a basis for trusts and, and trustee services.

The first one, uh, which will be known, uh,

to many is the, its stability.

I think Switzerland is very well known

for being a very stable country, uh, not only, uh,

politically and economically,

but also in terms of its, uh, legal and tax framework.

The second point is it's very solid

and recognized, uh, legal and regulatory framework.

It already had a well established anti-money laundering

legislation, but this has been improved, uh, significantly

with the comprehensive prudential regulation,

which was introduced for trustees in 2020.

The third point is the, um, highly skilled workforce,

uh, you can find in Switzerland.

We have world leading universities,

and we also have, uh, something which comes from, um,

the country of Switzerland with its four languages.

Its diverse cultures.

I think we are used to working with different cultures

and of course in, uh, the family wealth planning area.

Uh, this is very useful when you have to deal

with families from very different

religious cultural backgrounds.

And the fourth point is, I'll call it culture,

or the, the spirit of, of Switzerland, which, uh,

I think has a, a few features like, um, innovation.

Uh, Switzerland has been ranked, I think, 11 times in a row

as the most innovative country by, uh,

the Global Innovation Index.

I think the culture is also entrepreneurial.

We also respect privacy, which is very important,

uh, in this area.

And finally, um, we pay a lot of attention to detail, uh,

which I'd like to think is probably, uh, some

heritage from our long tradition in, in watchmaking.