Vontobel 9-month 2025 trading update

• Total net new money of CHF 3.2 billion
• Private Clients strong inflows of CHF 4.7 billion
• Institutional Clients net outflows of CHF 2.0 billion, of which CHF 0.2 billion in the third quarter
• Assets under management up 4.6 percent to CHF 239.7 billion

During the first nine months of 2025, Vontobel recorded strong positive net inflows, higher assets under management and a client transactional activity broadly in line with the same period last year.

Assets under management increased to CHF 239.7 billion at the end of September 2025 from CHF 229.1 billion at year-end 2024. This was driven by positive year-to-date market performance (CHF 15.3 billion), net new money (CHF 3.2 billion) and foreign exchange effects (CHF -9.6 billion), as well as the successful integration of the IHAG client book (CHF 1.8 billion).

Private Clients posted strong inflows of CHF 4.7 billion or 5.7 percent annualized, at the upper end of our 4-6 percent growth target. Flows were positive in all regions. Institutional Clients net outflows totalled CHF 2.0 billion, with continued positive flows in Fixed Income, offset by outflows in Equities.

 

CHF billion	9M 2025	1H 2025	FY 2024
Assets under management	239.7	233.3	229.1
of which Institutional Clients	111.3	109.3	110.8
of which Private Clients	120.9	116.3	110.6
Net new money	3.2	2.0	2.6
of which Institutional Clients	−2.0	−1.8	−2.9
of which Private Clients	4.7	3.3	4.6

9M 2025 figures unaudited. Totals incl. Centers of Excellence / Reconciliation (NNM: CHF 0.5 billion, AUM: CHF 7.5 billion)

Vontobel
A global investment house with Swiss roots, we offer investment and advisory solutions to private and institutional clients. Our head office is in Zurich and we are represented in 27 locations worldwide. The shares of Vontobel Holding AG are listed on the SIX Swiss Exchange and are majority-owned by the founding family. The family's close ties to the company guarantee entrepreneurial independence, and the resulting freedom is also an obligation to fulfill our responsibility to society. As of September 30, 2025, Vontobel held CHF 239.7 billion of assets under management. With our investment-led approach that focuses exclusively on the buy-side of financial markets, we think and act purely from the client’s perspective – as an investor for investors.

This includes keeping our finger on the pulse to provide our investors with the best solutions - something we have been committed to for over 100 years. We harness the power of technology to multiply our investment expertise across platforms and ecosystems and deliver high-quality, personalized client experiences. Because for us, successful investing starts with taking personal responsibility. This means that we want to empower our employees so that they can realize their potential, act independently and open up new perspectives. We constantly question what we have achieved, because we strive to exceed our customers' expectations.

 

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