2020 General Meeting of Shareholders of Vontobel Holding AG
Media release
3/30/2020
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- All motions proposed by the Board of Directors approved by a convincing majority
- Vontobel will retain 50% of the profit generated in 2019 to strengthen its capital base even further
- Proposed dividend increase of 7% to CHF 2.25 per share approved by a large majority
- All members of the Board of Directors confirmed in office
- Vontobel achieved a good start to 2020
- Advised client assets of CHF 194 billion following stock market volatility, down 8% from average advised client assets in 2019
- Annualized net inflow of new money as of March 24, 2020, exceeded 4-6% target range
- Vontobel will increase its stake in TwentyFour Asset Management in 2021, as planned
- Following a good start to the year, the negative effects of the coronavirus and the oil price shock are now being felt
