Vontobel recorded an improvement in operating income in the first nine months of 2023 compared to the prior-year period. In total, the investment manager generated a stable result for the first nine months of the year.
Georg Schubiger, Head Wealth Management, and Christel Rendu de Lint, PhD, Head Investments, are to lead Vontobel as Co‑CEOs, effective January 1, 2024. The Board of Directors of Vontobel reached this decision on October 2, 2023, after completing a rigorous process to appoint Zeno Staub’s successor.
Vontobel has successfully placed new Additional Tier 1 bonds (AT1 bonds) with a total nominal value of USD 400 million in two tranches of USD 200 million and a denomination of USD 200,000 each with funds managed by Apollo Global Management.
Markus Pfister, Head Structured Solutions & Treasury (SS&T) and a Member of the Executive Committee of Bank Vontobel AG since 2020, will succeed Felix Lenhard as COO, Head Technology & Services (COO) of Vontobel, effective January 1, 2024. In his new function, Markus Pfister will additionally become a Member of the Executive Committee of Vontobel Holding AG.
After 22 years at Vontobel, including 20 years as a member of the Executive Committee and 12 years as CEO, Zeno Staub has informed the Board of Directors of his wish to step down from his role at the next General Meeting of Shareholders on April 9, 2024, in order to become more actively involved in Swiss civil society.
Vontobel generated a stable result for the first quarter of 2023 in a market environment that continues to be impacted by high levels of uncertainty. The business with wealth management clients delivered another very positive performance, like in the previous year.
At the 2023 General Meeting of Shareholders of Vontobel Holding AG held in Zurich on April 4, 2023, shareholders approved all the motions proposed by the Board of Directors by a convincing majority. They voted in favor of accepting the annual and consolidated financial statements for 2022.
Vontobel delivered another satisfactory result for 2022, which was one of the most difficult years for financial markets at least since the start of the global financial crisis. With its new Strategic Priorities for 2023-2024, it also took important steps to pave the way for the future success of the company.
As part of its regular strategy process, Vontobel has confirmed that it remains fully committed to its strategic positioning as a client-centric, globally active investment firm with strong Swiss roots that wants to empower investors to build better futures.
Vontobel (SWX: VONN), the global investment firm, today announced the closing of the acquisition of UBS Swiss Financial Advisers AG (SFA), effective August 1, 2022. With this transaction, which was announced on December 16, 2021, Vontobel is further strengthening its platform providing clients with a global investment approach and geographic diversification.