UK Labour leader Jeremy Corbyn’s rise to power as the next British prime minister will be “very dangerous” for the country’s wealthiest, a top Swiss banker warns.
Heinrich Adami, who oversees Banque Pictet & Cie’s UK operations, said at an event held by the 213-year-old private bank that many of his non-British clients had contingency plans to save their UK-based wealth in case Corbyn’s Labour won the next general election.
“Corbyn is very dangerous for big fortunes,” Adami warned, noting that a Corbyn government “is one of the main issues our clients are losing sleep over.”
According to Adami, some of his super-rich had taken the necessary steps to move their fortunes to Monaco, Italy and Portugal.
For example, Jim Ratcliffe, the founder of chemicals manufacturer Ineos AG and the UK’s richest person, is considering moving to Monaco along with two other billionaire Ineos directors, British media reported in…