Vontobel delivers stable result for first quarter of 2023
- Wealth Management business performed strongly
- Net new money of CHF 1.4 billion in Wealth Management; growth of 6 percent, at the upper end of Vontobel’s own target range
- Asset management clients remained on the sidelines rather than reinvesting or making new investments (CHF -1.8 billion)
- Assets under management grew by CHF 7.3 billion
- Robust balance sheet has been further strengthened since start of the year
- “Vontobel is successfully implementing strategic priorities, seizing growth opportunities and keeping an eye on costs.”
