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.
Vontobel has further developed its existing platform and is launching volt by Vontobel – the first offering of its kind in the market: This investment app for the affluent client segment delivers private banking-level service combined with the option of personal advice.
Hamburger Sparkasse AG (Haspa) and Vontobel are entering into a partnership regarding the use of deritrade under which Haspa will give investment advisory clients the opportunity to tailor structured products to their individual needs live and in real time during consultations.
Vontobel is today launching a range of leveraged products in Norway as it continues to grow its presence in Nordic markets. The investment firm now ranks as one of the leading European providers in Northern Europe. Vontobel’s offering in Norway is targeted at both private clients and institutional investors.
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.
The digital platform elleXX, which focuses on financial topics for women, will offer a digital elleXX 3a pension solution in cooperation with Vontobel from November 9, 2021. The accumulation of wealth in Pillar 3a helps to reduce pension shortfalls. With the elleXX 3a investment solution, female investors will be able to benefit from Vontobel’s investment expertise together with the long-term gender equality philosophy and vision of elleXX.
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.
Andreas Weingartner has been appointed as the new Manager of Vontobel’s branch in Lucerne, effective January 1, 2022. The branch is currently headed by Bruno Jenny (born 1961), who has decided to step down from his management position for age-related reasons and will focus fully on serving his clients until his retirement.
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.