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28-02-08
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Assets under management grow by 12% to CHF 79.5 billion
The Vontobel Group achieves record result of CHF 263 million
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The Vontobel Group generated a net profit of CHF 263.2 million (minority interests: CHF 4.6 million) for the 2007 financial year in an extremely challenging environment. Thanks to
the double-digit growth in profit in the wealth and asset management business, Vontobel exceeded its record 2006 result by 1%.
Assets under management grew by 12% to CHF 79.5 billion, primarily reflecting a pleasing investment performance as well as an increase in net new money, which rose by around one
third to CHF 5.8 billion compared to the previous year. Private Banking succeeded in more than doubling its new money from CHF 1.1 billion in 2006 to CHF 2.4 billion. Asset
Management reported a net inflow of CHF 2.8 billion and Investment Banking acquired CHF 0.6 billion of new money.
Vontobel reported a continued strong return on equity of 18.9% (2006: 21.6%) and a very solid equity position with shareholders' equity of CHF 1.4 billion (2006: CHF 1.3
billion).
The Board of Directors will propose a dividend of CHF 2.00 - unchanged from the previous year - to the General Meeting of Shareholders of Vontobel Holding AG.
Contacts
Media Relations:
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Juerg Staehelin
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| Head of Corporate Communications |
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| +41 (0)58 283 72 24 |
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Contact
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Investor Relations:
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Susanne Borer
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| Head of Investor Relations |
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| +41 (0)58 283 73 29 |
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Contact
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