Vontobel wins Swiss ‘Digital Transformation Award’

Vontobel was named the winner of the ‘Digital Transformation Award’ at the Digital Economy Award Night in the Hallenstadion in Zurich on November 28, 2019. This prestigious prize is awarded to Swiss companies or organizations that have made particular progress towards digital maturity and have thus significantly improved their competitiveness. In its explanation of why Vontobel was selected as the prizewinner, the jury stated that the digitalization of the finance industry is not only apparent through the emergence of fintechs but also in the strategic development of traditional players: “Vontobel has demonstrated that it has taken a first big step in the digital transformation process. Fierce competition in the wealth management business prompted it to seek new approaches. With ‘Volt’, it now has a digital wealth management solution in place that Wealth Management can use to target a new client segment. Moreover, Vontobel is giving competitors access to its digital asset management platform with a view to achieving economies of scale created by sharing technology. It is pursing all these efforts within an interdisciplinary set-up where technology is the common denominator.” Vontobel won the final round of the ‘Digital Transformation’ category.

Vontobel Wealth Management laid the foundations for a series of digital innovations with the establishment of its Digital Hub in Zurich Wollishoffen in March 2018. A cross-functional team of relationship managers, digital marketing experts and project specialists from Wealth Management and IT are collaborating successfully based on an interdisciplinary and agile approach to create new client solutions. One such solution is ‘Mars’ (Modular Advisory and Risk Solution) – a modern investment platform tailored to the needs of wealth management clients. Relationship managers can use ‘Mars’ to help prepare digital investment proposals, simulate impacts on the portfolio in real time and initiate transactions. The solution, which is compliant with MiFID II and already meets FIDLEG requirements, is used by advisors in Vontobel Wealth Management. Vontobel also intends to give intermediaries access to the platform in the future.

Within just one year, the Digital Hub also developed ‘Volt’ – the first Swiss digital active wealth management offering. Volt’s underlying digital investment solution platform, with investment and technology expertise, is also being offered to other financial services providers who are seeking a comprehensive Swiss alternative. In spring 2020, Raiffeisen Switzerland will become the first partner to offer its own digital wealth management solution for Swiss retail clients based on Vontobel’s digital investment solution platform.

“We are proud to receive the Digital Transformation Award but also regard it as a future commitment. Vontobel strives to actively address the digital transformation process and to develop solutions for our clients on a targeted basis. Digitalization offers many options to deliver state-of-the-art experiences. We want to seize these opportunities for our clients on an ever larger scale in order to provide even better service,” stated Georg Schubiger, Head of Vontobel Wealth Management.

Vontobel Wealth Management
Vontobel Wealth Management is committed to actively managing client assets with foresight across generations. We take a holistic approach, accurately monitor the markets, anticipate trends and opportunities, and develop individual solutions. This is how we create optimal conditions to increase the entrusted assets over the long term while taking controlled risks. Our action draws from almost a century of experience. Based on clear objectives agreed upon together with you, we constantly develop new, future-focused investment ideas. We offer specific single asset investments, integrated overall solutions as well as country-focusing or widely diversified portfolios. We provide foresighted and agile advice, and consistently implement the agreed solutions with determination. As a responsible company, we are geared to sustainability, both in the design of our investment solutions, as well as towards our clients, partners, the society and our employees. The seamless continuity of our advisory is the backbone for a long-term relationship with you. Your personal relationship manager is at your disposal at any time and involves, if necessary, additional specialists. Furthermore, you decide if, when and how you take advantage of our digital services.

Legal information
This media release is intended solely for information purposes and is expressly not addressed to any person who by domicile or nationality is prohibited to receive such information according to the applicable law. The information and views contained in it do not constitute a request, offer or recommendation to use a service, to buy or sell investment instruments or to conduct other transactions. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that predictions, forecasts, projections and other outcomes described or implied in forward-looking statements will not be achieved.