Vontobel and Australia and New Zealand Banking Group Limited (ANZ) sign strategic cooperation agreement

Media Release
11/13/2013 Reading time: 2 minute(s)


In November 2012, Vontobel signed a Memorandum of Understanding (MoU) with Australia and New Zealand Banking Group Limited (ANZ) with the aim of expanding its activities in Asia Pacific – primarily in the growth markets of Australia, New Zealand, Hong Kong and Singapore. As part of the defined cooperation strategy, Vontobel will provide expertise in global investments, client advisory and client processes, as well as sophisticated asset management services, to businesses within the Global Wealth arm of ANZ, which is one of the world’s largest 25 listed banks, with market capitalisation of AU$ 84 bn, as at the end of September 2013.


On 13 November 2013, ANZ Global Wealth CEO Joyce Phillips and Vontobel CEO Zeno Staub signed a cooperation agreement based on a long-term strategic alliance. Under the terms of the agreement, Vontobel's investment and product expertise will be utilised within ANZ Global Wealth’s regional distribution network. This will enable Vontobel to significantly raise its profile in the Asia Pacific region and to establish itself in new growth markets, as planned, during a time when ANZ Global Wealth is focused on providing innovative and compelling wealth solutions to customers across the region.


ANZ Global Wealth CEO Joyce Phillips said: "Through our alliance with Vontobel we will provide our clients across the Asia Pacific region with world-class investment and asset allocation solutions which include expertise and capability in global asset allocation, equity investing, and sophisticated client advisory services"


Zeno Staub added: "The alliance with ANZ, which has initially been agreed upon for a period of five years, positions our company as an active wealth and asset manager with a high level of investment and product expertise in a region that is experiencing very dynamic growth. I am proud that ANZ has decided to partner with Vontobel and to draw on our expertise in its efforts to realize its ambitious goals. We are committed to satisfying the high expectations set in us."


In specific terms, Vontobel will act as an advisor to ANZ Global Wealth – concentrating on the areas of global asset allocation and equity investing – and, in this context, Vontobel’s sophisticated investment solutions will be available to ANZ's private clients.


The combined offering will be available to ANZ clients in 2014. Based on the cooperation agreement that has been signed, the focus during the interim period will be on implementing services and training employees across Asia, Australia and New Zealand.



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