Vontobel achieves very good result for first half of 2021
- Advised client assets reach a record CHF 274.5 billion
- Strong annualized growth in net new money of 6.0 percent
- All client businesses contribute to growth in net new money and income
- Strong income growth in asset-based business with institutional and private clients: Asset Management +17 percent, Platforms & Services +32 percent, Wealth Management +9 percent
- Pre-tax profit grows by 50 percent to CHF 233.4 million
- Very strong demand from Digital Investing clients for structured products drives pre-tax profit
- Operating income increases significantly year on year to CHF 779.6 million
- Cost/income ratio improves to 69.6 percent in first half of 2021 (74.7 percent)
- CET1 capital ratio increases to 14.5 percent despite full acquisition of TwentyFour Asset Management
- Return on equity increases to 18.7 percent, while conservative risk profile remains unchanged
- Continued robust gross margins underscore client focus and product quality
- 73 percent of all Vontobel funds rated by Morningstar, weighted according to assets under management, assigned a four- or five-star rating
- Solid strategic progress in the Global Banks and UHNWI businesses as well as in ESG/Sustainability
- As an investment firm, Vontobel is ideally positioned to continue seizing opportunities in an environment where investing is the new form of saving
- Vontobel is committed to its targets and is optimistic about the future
