Vontobel Swiss Wealth Advisors celebrates its fifth anniversary

 

Vontobel Swiss Wealth Advisors has been successfully serving US persons at its three branches in Zurich, Geneva and Dallas since September 2010

 

Vontobel anticipated industry developments at an early stage and took the necessary steps to ensure it can serve the needs of US persons in compliance with US law. In early September 2010, Vontobel Swiss Wealth Advisors (VSWA) – a newly established subsidiary of Vontobel Holding – was granted a licence by the US Securities and Exchange Commission (SEC), allowing it to advise US persons in compliance with US law.

 

VSWA, which had five employees when it began operating in 2010, now has a total of 25 employees and around CHF 1.7 billion of advised client assets. Its branches in Geneva and Dallas opened in 2013 and further offices in the US will follow.

 

Deepak Soni, CEO of Vontobel Swiss Wealth Advisors, stated: "From the start, we were convinced that this business, which focuses on serving US persons in compliance with US law, had a future. Our success has proved this to be the case. For five years, we have been operating as one of the few SEC registered financial institutions in Switzerland and we are able to make optimal use of our experience and expertise in order to serve US persons in a manner that is compliant with US law."

 

Georg Schubiger, Head of Vontobel Private Banking, added: "In the US, there is a high level of demand among ultra-high-net-worth individuals for opportunities to diversify their assets. This creates strong growth potential for Swiss private banks in view of their excellent service, global investment expertise and performance, as well as the high quality of their offering. With VSWA, Vontobel has an excellent platform to successfully position itself in this growth market by providing solutions that are tailored specifically to the needs of US persons."

 

Contacts

Media Relations:	Rebeca Garcia	+41 (0)58 283 76 69
Investor Relations:	Michel Roserens	+41 (0)58 283 76 97

 

Legal information This document is for information purposes only and does not constitute an offer of any kind. The services described in the document are supplied under the agreement signed with the service recipient. The nature, scope and prices of services and products may vary from one country to another and may change without notice at any time. Certain services and products are not available worldwide or from all companies of Vontobel. In addition, they may be subject to legal restrictions in certain countries.