Peter Romanzina, who is currently Head of the Vontobel Swiss Equity Research team, will be appointed CEO and take over the running of the Vontobel subsidiary Vontobel Swiss Wealth Advisors AG (VSWA), which specializes in internationally diversified wealth management for North American clients, effective December 15, 2022.
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.
In a generally difficult environment, Vontobel delivered a satisfactory performance in the first six months of 2022. Whilst below the record profit generated in the first half of 2021, as expected, it exceeded the result for the first half of 2020 – which represents the second-highest first-half result since the financial crisis.
In 2021, Vontobel created an even broader basis for future income generation through targeted acquisitions and organic growth. At the same time, it delivered a record result for the year, which was driven by contributions from all businesses and clearly exceeded its mid-term income targets.
NEW YORK/ZURICH December 16, 2021 – Vontobel (SWX: VONN), the global investment firm, today announced it signed an agreement to purchase UBS Swiss Financial Advisers AG (SFA), a subsidiary of UBS AG, based in Zurich. With this acquisition, Vontobel will further strengthen its platform providing clients with a global investment approach and geographic diversification. Vontobel, through Vontobel Swiss Wealth Advisors (VSWA), is one of the leading Swiss-domiciled providers of wealth management investment solutions for US and qualified Canadian investors.
Vontobel has maintained the very positive results trend seen in the first half of 2021, with pre-tax profit for the first nine months of 2021 far exceeding the figure for the same period of 2020. Like in the first six months of the year, all Client Units contributed to the growth in profit. Good and stable gross margins in the business with wealth and asset management clients had a positive impact.
Vontobel can look back on a generally very good first half of 2021. During the first six months of the year, its clients once again used its investment expertise, broad product offering and services to capture opportunities in the market.
Vontobel has taken targeted steps in recent years to develop a diversified range of products for its clients. One of the main pillars was the acquisition of a majority stake in TwentyFour Asset Management LLP (TwentyFour), now a CHF 24.2 bn specialist fixed income boutique.
Maria-Antonella Bino, the former Deputy Attorney General of Switzerland, will take over the post of General Counsel of Vontobel on June 1, 2021, with global responsibility for the Legal & Compliance function. At the same time, she will become a member of the Executive Committee of Vontobel Holding AG and of Bank Vontobel AG.
Christel Rendu de Lint, who served as Head of Fixed Income at Union Bancaire Privée (UBP) from 2007, will strengthen Vontobel’s global investment expertise from May 3, 2021, in the role of Deputy Head of Investments.
At the 2021 General Meeting of Shareholders of Vontobel Holding AG on April 20, 2021, in Zurich, 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 2020.
At the latest on August 3, 2021, Jacqueline Hess is set to take over as CEO of Vontobel's subsidiary Vontobel Swiss Wealth Advisors AG (VSWA), which specializes in internationally diversified wealth management for North American clients.
Vontobel achieved further growth in 2020 and delivered another good result. The strong demand for Vontobel’s investment products in an environment marked by an increasing global need for investments was once again one of the main drivers of this growth.