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Vontobel

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Vontobel
Company typePublic (Aktiengesellschaft)
SIX: VONN
IndustryFinancial services
FoundedZurich, Switzerland (1924 (1924))
Headquarters
Zurich[1]
,
Switzerland
Number of locations
28 (2024)
Key people
Services
Increase CHF 1,304.6 mn (31-12-23)[2]
Increase CHF 262.7 mn (31-12-23)[2]
AUMDecrease CHF 206.8 billion (31-12-23)[2]
Total assetsIncrease CHF 29,146.0 mn (31-12-23)[2]
Number of employees
2,274 (2024)
Websitevontobel.com

Vontobel [3] is international investment management firm with Swiss roots, providing investment, advisory and solution capabilities to private and institutional clients. Headquartered in Zurich, Switzerland, the firm is present across 28 locations world-wide.

Vontobel Holding AG shares are listed on the SIX Swiss Exchange and majority owned by the founding family.[4] The family’s close ties to the company guarantee entrepreneurial independence, and the resulting freedom creates an obligation to assume social responsibility. With the investment-led approach that focuses exclusively on the buy-side of financial markets, Vontobel acts purely from the client’s perspective – as an investor for investors.

Structure

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Vontobel specializes in servicing Private Clients and Institutional Clients.[5]

History

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Friedrich Emil Haeberli founded the brokerage firm Haeberli & Cie 1924. After Haeberli’s death Jakob Vontobel took over the brokerage firm 1936 und established the limited partnership J. Vontobel & Co. The son of Jakob Vontobel, Dr. Hans Vontobel (1916–2016), joined the bank 1943. Jakob Vontobel's grandson, Hans-Dieter Vontobel, started working for the bank in 1972.[6]


The Bank J. Vontobel & Co. was transformed into a limited liability company in 1983. Vontobel Holding AG was listed on the Swiss Stock Exchange in 1986, the introduction of the standard registered share followed in 2001.


In 1984, Vontobel expanded into the USA and founded Vontobel USA Inc. Other locations abroad followed later. Raiffeisen Switzerland acquired a 12.5 percent stake in Vontobel Holding AG in 2004. The Vontobel family and the charitable Vontobel Foundation retained the majority of the share capital. In 2016 Vontobel strengthened its collaboration with Raiffeisen acquiring former Raiffeisen subsidiary Vescore AG.[7] In 2009 Vontobel took over the Commerzbank (Schweiz) AG in Zurich.[8]

Vontobel acquired a majority stake in TwentyFour Asset Management LLP in London, completed in 2021,[9] when Vontobel acquired the remaining 40%. In the same year Bank Finter was purchased, this was followed in 2018 by the takeover of Notenstein La Roche from Raiffeisen Switzerland[10] and in 2022 by the acquisition of the UBS Swiss Financial Advisers.[11] The acquisition of a significant minority stake in the private infrastructure manager Ancala Partners[12] LLP, London, marks a milestone in delivering on the firm’s strategy to enter private markets.

Shareholder structure

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The majority of the share capital is held by the Vontobel family and the Vontobel Foundation in the form of a pooling agreement.[13] Two fourth-generation family members are represented on the Vontobel Board of Directors.[14]

See also

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References

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  1. ^ AG, DV Bern. "Vontobel Holding AG". Commercial register of canton Zurich (in German). Retrieved 20 October 2021.
  2. ^ a b c d "Vontobel Full-year report 2023" (PDF) (Press release). 2023-02-08. Retrieved 2023-07-24.
  3. ^ "finews.ch: Dossier Bank Vontobel". finews.ch (in German). Retrieved 2024-07-24.
  4. ^ "About Vontobel". Vontobel Holding AG. Retrieved 2024-07-24.
  5. ^ "Full year 2023 net profit of CHF 214.7 million". Vontobel Holding AG. 2024-02-08. Retrieved 2024-07-24.
  6. ^ "Get to know Vontobel". Vontobel Holding AG. Retrieved 2024-07-25.
  7. ^ "Selling former Vescore subsidiaries". Vontobel Holding AG. 2017-09-08. Retrieved 2024-07-25.
  8. ^ "Commerzbank Switzerland sold to Vontobel". www.lenzstaehelin.com (in Swiss High German). Retrieved 2024-07-25.
  9. ^ "Final takeover of TwentyFour Asset Management". Vontobel Holding AG. 2021-06-30. Retrieved 2024-07-24.
  10. ^ "Raiffeisen further expands in-house investment". Vontobel Holding AG. 2018-05-23. Retrieved 2024-07-24.
  11. ^ "Vontobel acquires UBS Swiss Financial Advisers". Vontobel Holding AG. 2021-12-16. Retrieved 2024-07-24.
  12. ^ Dickie, Alex (2024-02-08). "Ancala agrees to sell minority stake to Vontobel to support expansion plans". Ancala. Retrieved 2024-07-24.
  13. ^ "General Meeting of Shareholders". Vontobel Holding AG. Retrieved 2024-07-24.
  14. ^ "Board of Directors". Vontobel Holding AG. Retrieved 2024-07-24.
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