Jacqueline Hess becomes Head of Vontobel Swiss Wealth Advisors
- Patrice Humbel (66) hands over the leadership of the Wealth Management business for North American clients to current Deloitte Partner Private Switzerland and remains associated with clients and Vontobel as Vice Chairman North America of Vontobel Swiss Wealth Advisors.
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. She will be joining Vontobel from Deloitte Private Switzerland, where Jacqueline Hess is currently Managing Partner and where she leads multidisciplinary teams of experts advising private and family businesses, entrepreneurs, family offices and high net worth individuals as well as private equity firms. She is also a member of the Executive Board and a member of the Board of Directors of Deloitte AG. Jacqueline Hess, who has been with Deloitte since 2005, spent the last four years as Managing Partner Tax & Legal and, before that, three years as Managing Partner Talent for Deloitte Switzerland. The graduate Swiss tax expert and Registered Trust & Estate Practitioner (TEP), who successfully studied at the University of Chicago, at Cornell Law School and the Catholic University of Leuven, Belgium, gained her first professional experience among others at PwC in Switzerland and the USA.
Jacqueline Hess will be taking over from Patrice E. Humbel (66), who has been responsible for the wealth management business with North American clients since spring 2018. Patrice E. Humbel will continue to offer his expertise to Vontobel clients as Vice Chairman North America. For Vontobel, North America is a growth market in which the international investment manager with Swiss roots aims to achieve above-average growth. Overall, Vontobel aims to generate net new money in a corridor of four to six percent per annum. Nine percent of all assets under management at Vontobel come from North American clients.
Vontobel provides North American wealth management clients with its comprehensive investment expertise through its wholly owned and SEC-registered subsidiary Vontobel Swiss Wealth Advisors AG, headquartered in Zurich, Switzerland, which has client advisor teams in New York, Geneva and Zurich. In addition to its SEC registration as a wealth manager, VSWA has Exempt International Advisor status in the Canadian provinces of Alberta, British Columbia, Nova Scotia, Ontario and Quebec. VSWA develops solutions for globally diversified wealth management, targeting US investors and Canadian clients with "Permitted Client" status.
"I am delighted that Jacqueline Hess, a proven expert, will be leading our wealth management team for our North American clients. Her many years of working for an international consulting firm has given her a great insight into the needs and challenges of our clients. With client focus, investment expertise and the right products, we want to continue our growth in North America, the world's largest wealth management market. Patrice E. Humbel and the VSWA team have successfully laid the foundation for additional growth in recent years. I am, therefore, all the more pleased that Patrice E. Humbel will continue to support us and our clients with his high level of commitment and expertise, well beyond the usual retirement age," said Georg Schubiger, Head of Wealth Management, Vontobel, and Chairman VSWA.
At Vontobel, we actively shape the future. We create and pursue opportunities with determination. We master what we do – and we only do what we master. This is how we get our clients ahead. As a globally active investment manager with Swiss roots, we specialize in wealth management, active asset management and investment solutions. We harness the power of technology to deliver a high-quality, individual client experience and to deploy our investment expertise across multiple platforms and ecosystems. We empower our employees to take ownership of their work and bring opportunities to life. We do so based on the conviction that successful investing begins with the assumption of personal responsibility. We continuously scrutinize our achievements as we strive to exceed the expectations of our clients. The registered shares of the Vontobel Holding AG are listed on the SIX Swiss Exchange. The Vontobel families' close ties to the company guarantee our entrepreneurial independence. We consider the resulting freedom as an obligation to also assume our social responsibility. As of December 31, 2020, Vontobel held CHF 312.2 billion of total client assets. Around the world and in our home market, we serve our clients from 26 locations.
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