On May 9, the Finance Forum Liechtenstein 2023 offered 450 German-speaking experts the opportunity to assess the outlook for the financial industry together with high-caliber speakers. Topics included geopolitics, industry trends and the market environment for investors.

The future of the financial industry was the focus of this year’s Finance Forum Liechtenstein in Vaduz. Experts from the fields of economics, politics and science reflected on the current opportunities and challenges for the sector. According to a press release, around 450 decision-makers and financial experts took part in this ninth conference.

In his opening speech, Liechtenstein’s Prime Minister and Finance Minister Daniel Risch called for transparency wherever artificial intelligence is used. Christoph Heusgen, Chairman of the Munich Security Conference, a former advisor to Angela Merkel and German ambassador to the UN, explained what long-term consequences the current geopolitical situation could have for politics and the economy. He warned against weakening support for Ukraine and identified high levels of risk in the tensions between China and the U.S.

As well as reflecting on the increasingly digital positioning of financial service providers, participants discussed how the success of private banking can be maintained in Liechtenstein and Switzerland over the long term. In terms of the current situation in Liechtenstein, Prince Michael von und zu Liechtenstein, Executive Chairman of Industrie- und Finanzkontor, and Thomas Zwiefelhofer, Member of the Group Board at First Advisory, agreed that tradition and stability will continue to be the hallmarks of the Liechtenstein financial center.

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