Vontobel achieves very good result for first half of 2021

Ad hoc announcement pursuant to Art. 53 LR, Media release
7/27/2021 Reading time: 1 minute(s)

  • Advised client assets reach a record CHF 274.5 billion
  • Strong annualized growth in net new money of 6.0 percent
  • All client businesses contribute to growth in net new money and income
  • Strong income growth in asset-based business with institutional and private clients: Asset Management +17 percent, Platforms & Services +32 percent, Wealth Management +9 percent
  • Pre-tax profit grows by 50 percent to CHF 233.4 million
  • Very strong demand from Digital Investing clients for structured products drives pre-tax profit
  • Operating income increases significantly year on year to CHF 779.6 million
  • Cost/income ratio improves to 69.6 percent in first half of 2021 (74.7 percent)
  • CET1 capital ratio increases to 14.5 percent despite full acquisition of TwentyFour Asset Management
  • Return on equity increases to 18.7 percent, while conservative risk profile remains unchanged
  • Continued robust gross margins underscore client focus and product quality
  • 73 percent of all Vontobel funds rated by Morningstar, weighted according to assets under management, assigned a four- or five-star rating
  • Solid strategic progress in the Global Banks and UHNWI businesses as well as in ESG/Sustainability
  • As an investment firm, Vontobel is ideally positioned to continue seizing opportunities in an environment where investing is the new form of saving
  • Vontobel is committed to its targets and is optimistic about the future