Switzerland has a nine percent share of the global market, just below the United Kingdom with 10 percent.
The United States is far and away the world leader with a 41 percent market share, the association said in a report.
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The Alpine state is the global leader in managing private fortunes, with 28 percent of the global market, the bankers noted.
Swiss bank UBS is also the world's number one asset manager, followed by Barclays Global Investors and Allianz.
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Credit Suisse is ranked number 8, the report said.
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