Swiss investment banker, Vontobel said its asset under management for the third quarter was CHF175.3 billion.
Vontobel continued to develop all areas of its business in the third quarter of 2017. The high level of client satisfaction resulted in very pleasing net new money across all divisions. Advised client assets reached a record CHF 175.3 billion at the end of September 2017.
This positive trend reflects the ongoing diversification within the boutiques in Asset Management as well as the strong net inflow of new money in Wealth Management across all regions. Financial Products continued its international expansion with its successful market debut in Hong Kong and grew its market share in Europe and Switzerland.
“The pleasing development of the business in the first nine months of the year shows that Vontobel is solidly positioned with its broad-based business model and is performing well in a challenging competitive environment. We continue to expect a solid result for the financial year 2017. Our business model – which we will further strengthen in the future through investments – combined with our sharper positioning will allow us to capture the opportunities that are arising in the changing market environment,” stated Zeno Staub, CEO of Vontobel.