Vontobel completes sale of Liechtenstein subsidiary to Kaiser Partner Privatbank
Published on 22.02.2018 CET
The transfer of Vontobel’s Liechtenstein operation to Kaiser Partner Privatbank was completed today. Vontobel announced on December 7, 2017, that as part of the focusing of its strategy, it would transfer its Liechtenstein operation, together with the local booking platform, to Kaiser Partner Privatbank, Vaduz. At the same time, both companies agreed to cooperate closely in the securities business.
The focusing of Vontobel Wealth Management on the Swiss platform as well as on the German platform, which Vontobel uses to conduct a series of European market activities, will reduce complexity, increase operational efficiency and have a positive impact on the gross margin in Wealth Management. In addition, the cooperation with Kaiser Partner Privatbank in the area of securities settlement will generate additional revenues and economies of scale.
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