In the business-school market, London Business School and City University London's Cass Business School both launched executive M.

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The bureau, based at London's City University, is an independent body and a not-for-profit operation.

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But it will take more than a handful of firms to change the British consumer mentality, says Vincent-Wayne Mitchell, professor of consumer marketing at the Cass Business School, City University London.

BBC: Buy British: Why isn't there a new campaign?

Ronen Palan, a professor of international political economy and an expert on offshore wealth and tax havens at City University in London, believes that while Switzerland is "clearly suffering" from the pressure put on its private-wealth sector from the European Union and the U.S., Singapore is a "very secretive location" where many Asians in particular believe their wealth will be spared scrutiny from Western regulators.

WSJ: Wealth Over the Edge | WSJ.Money Spring 2013