Vontobel strengthens its Private Banking business in Germany

Vontobel wants to continue the expansion of its successful Private Banking business in Germany in 2016. With a presence in Munich, Frankfurt and Hamburg, it aims to deliver another double-digit increase in assets under management in percentage terms. In 2015, Vontobel already grew its managed client assets in Germany by around 30% due primarily to the acquisition of new clients.

 

"Vontobel’s approach – with individual active asset management that captures earnings opportunities even in challenging periods – is appropriate at the current time and is generating growing demand from clients in Germany. The quality of the service and advice offered by Vontobel is not only underscored by our pleasing strong net inflows of new money but also by the awards regularly received by the bank in the past," stated Thomas Fischer, Head of Private Banking at Bank Vontobel Europe AG, Munich.

 

In 2016, Vontobel will further strengthen its team in Germany, which currently comprises around 15 relationship managers. Evangelos Angelis recently joined the Vontobel team. The senior client advisor, who previously headed the Munich office of the asset manager Weisenhorn & Partner Financial Services, can look back on a long career in banking at Credit Suisse First Boston and Merrill Lynch. "In Germany, like in our other focus markets, Vontobel is seeking experienced investment advisors to support us as we expand our wealth management business," commented Thomas Fischer.

 

Contacts

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

 

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