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.