Vontobel has released selective financial figures for the first nine months of the year and provided a strategy update, reaffirming confidence in its ongoing cost-cutting efforts.
In its trading update covering January through September, the Swiss investment house Vontobel reported a notable rise in assets under management (AUM), driven primarily by strong market performance. AUM reached 227.6 billion francs at the end of September, up from 206.8 billion francs at year-end 2023. Market gains contributed 16.8 billion francs to this increase, according to Thursday’s statement.
Net new inflows amounted to 2.6 billion francs, with additional currency effects adding 1.5 billion francs. Private client inflows remained «strong» at 3.1 billion francs, in line with Vontobel’s 4 to 6 percent growth target.
Strategic Focus
However, the bank’s institutional business saw net outflows of 0.5 billion francs. Despite this, Vontobel noted that the pace of these outflows has slowed. The statement did not provide further insight into broader business performance.
Vontobel reiterated its strategic emphasis on its two complementary client segments: private and institutional. The bank plans to drive organic growth while supplementing expansion through selective acquisitions aimed at strengthening its presence in key markets and building new investment capabilities.
Ssvings Will Enhance Flexibility
The bank is maintaining its revenue growth target of 4 to 6 percent across economic cycles and is on track with its efficiency program, aiming for 100 million francs in cost reductions by 2026.
Management expressed confidence that these savings will enhance strategic flexibility, enabling continued investment in client-focused services such as advisory, active management, and bespoke solutions.
