Vontobel Holding AG

VONN

Equity

ISIN CH0012335540 / Valor 1233554

SIX Swiss Exchange (2026-05-29)

CHF 69.80+1.31%

Vontobel Holding AG
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About company

Vontobel Holding AG is the publicly listed holding company for the Vontobel Group, a Zurich‑based Swiss financial services firm that provides wealth management, asset management and capital markets services to private and institutional clients. Operating through its subsidiaries, the group offers discretionary and advisory portfolio management, multi‑asset investment solutions including active and passive mandates and structured products, as well as trading, research and capital‑markets services; it serves clients from offices in major financial centers across Europe, the Americas and Asia and operates under Swiss banking and financial market regulation. As a holding company, Vontobel consolidates the group's operating businesses and capital structure, and its shares are traded on the SIX Swiss Exchange.

Summarized from source with an LLMView SourceSector: Finance

Headline financials

Group net profit: CHF 280.1m (up 5%); operating income: CHF 1,431.5m (slightly higher year‑on‑year); operating expenses: CHF 1,067.9m; profit before taxes: CHF 363.5m; basic EPS: CHF 4.99.

Assets & client flows

Assets under management: CHF 240.7–241bn (+5% vs. end‑2024), supported by positive markets, the IHAG client portfolio acquisition (~CHF 17.5bn) and CHF 4.2bn net new money. Net new money split: Private Clients +CHF 5.8bn; Institutional Clients net -CHF 1.6bn, with strong inflows into fixed income, multi‑asset and solutions.

Profitability & efficiency

Cost/income ratio improved to 74.2% (from 74.7% in 2024), driven by a CHF 100m efficiency program that had delivered ~84% of target savings by end‑2025. Vontobel reports resilient margins despite lower rates and a weaker USD.

Capital, liquidity & shareholder returns

Very strong capital metrics: CET1 ratio 19.7%, Tier 1 ratio 24.4%. Board will propose an unchanged dividend of CHF 3.00 per share at the 2026 AGM.

Strategic progress & portfolio moves

Execution on strategy: integration of IHAG client portfolio, sale of cosmofunding to Zürcher Kantonalbank, creation of a Vontobel Investment Solutions hub, and integration of the Quantitative Investments boutique into Investments to drive scale and AI/quant capabilities.

Leadership & governance

Management changes: Thomas Hirschi appointed Chief Risk Officer (effective 1 March 2026); Annette Nanzer (HR head) to join the Executive Committee on 1 March 2026. Shareholder agreement renewed — pool shareholders extended the fixed term by 10 years and moved to automatic five‑year rolling renewals.

Market context and risks

Performance achieved despite headwinds from lower interest rates and a weaker US dollar (FX reduced AUM by ~CHF 10.1bn). Institutional outflows concentrated in some equity franchises (Quality Growth and quant strategies) while fixed income and solutions saw strong demand.

Capital deployment & headcount

Vontobel reduced its absolute cost base while investing in growth (hiring relationship managers, new LA office, redeploying resources to Asia, and material tech investments). Total employees ~2,310 FTEs at year‑end 2025.

Summarized from source with an LLMView Source

Key figures

11.9%1Y

19.5%3Y

-0.57%5Y

Performance

24.2%1Y

20.9%3Y

24.3%5Y

Volatility