* Swiss wealth managers expect influx of Gulf assets due

to war

* Money managers report increased interest in moving

assets

* Switzerland expects to make gains from safe haven

reputation

By Oliver Hirt and Ariane Luthi

ZURICH, March 13 (Reuters) - Wealthy individuals are

looking to shift assets from the Gulf region to Switzerland as a

result of the escalating conflict in the Middle East following

the U.S.-Israeli strikes on Iran, bankers and financial advisers

say.

More than a dozen bankers and financial advisers,

collectively representing assets worth more than $1 trillion,

were broadly optimistic in interviews with Reuters that

Switzerland would attract more money from the Middle East,

particularly after Iranian attacks on Gulf states.

Although Switzerland, long considered by investors as a safe

haven, has faced growing competition from financial hubs in the

Middle East and Asia, cash positions booked in the country by

private individuals and non-banks from the United Arab Emirates

have risen around 40% over the last three years.

This gained momentum after earlier attacks by Israel and the

U.S. on Iran in June last year, said Patrik Spiller, head of

wealth management at consultancy Deloitte Switzerland.

"Due to recent events, we expect that assets from the Middle

East will increasingly be booked in Switzerland. We're hearing

from banks, family offices, and other high-net-worth individuals

that discussions are currently underway," Spiller said.

The Swiss Bankers Association said it could not comment

specifically on asset flows from the Middle East since the

recent strikes on Iran, but noted Switzerland had long set out

its store as an attractive place for wealthy investors.

"It's now to our advantage that we can score points with

Swissness, namely secure conditions, political stability, and

the rule of law. I believe this is particularly valued in times

like these," said SBA chief economist Martin Hess.

After the U.S.-Israeli strikes on Iran, the Swiss franc hit

its highest level against the euro in a decade.

'SWISSNESS WORKS'

Although it would likely take weeks or months for inflows to

register, Switzerland could eventually see "several dozen

billion" dollars coming in from the region, Spiller said.

"But that will depend a great deal on how the war develops,

and how long it lasts," he added, noting cash usually came first

followed later by assets such as stocks or bonds.

UBS, Switzerland's biggest wealth and asset

manager, declined to comment, as did Julius Baer, which

has the third-largest total of assets under management (AuM).

Swiss private bank Pictet, which ranks second largest by

AuM, said in a statement it is seeing inquiries from customers,

but the increase could not be described as significant.

"We reported a record high in AuM at the end of the year,

despite the weak U.S. dollar, and the positive trend has

continued since the beginning of the year. Swissness works,"

Pictet added.

Till Budelmann, chief investment officer at Bergos, a

Zurich-based private bank with about 8 billion Swiss francs ($10

billion) in AuM, said the war with Iran had brought Switzerland

back into focus, including among European investors.

Budelmann said one European investor who had been thinking

about setting up an account requested an immediate appointment

to set the process in motion after hostilities began.

While it was too early to quantify possible inflows,

Budelmann told Reuters he sensed the conflict had "given a boost

to Switzerland as a safe haven".

($1 = 0.7877 Swiss francs)