Sunday, 8th November 2009

 

10 June 2008 - Press Briefing

Vontobel reports positive trend in new money flows

Herbert Scheidt, the chief executive of Vontobel, told the Swiss financial publication Finanz und Wirtschaft that there had been a positive surge in new money into the bank’s wealth unit so far in 2008.

The report gave no figures.

Scheidt said that Vontobel will continue to invest in expanding the bank’s presence in its key markets outside Switzerland, including Germany, Spain, Italy and Eastern Europe.

Last year, Vontobel reported a 12% growth in assets under management to SFr79.5bn, with its private banking unit bringing in SFr2.4bn in net new money

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