Vontobel
| Vontobel Holding AG
|
|
|---|---|
 |
|
| legal form | Corporation |
| ISIN | CH0012335540 |
| founding | 1924 |
| Seat |
Zurich , Switzerland
|
| management | Zeno Staub ( CEO ) Martin Sieg Castagnola ( CFO ) Georg Schubiger Axel Schwarzer Enrico Friz Felix Lenhard Herbert J. Scheidt ( Chairman of the Board ) |
| Number of employees | 2001 |
| Branch | Banks |
| Website | www.vontobel.com |
| As of June 30, 2019 | |
Vontobel is a global financial advisory company founded in 1924 and based in Zurich , Switzerland . Vontobel specializes in asset management for private customers and institutional investors as well as investment banking. In June 2019, Vontobel managed over CHF 272 billion in client assets. Around 2,000 employees work at its 27 locations worldwide.
Vontobel is a family company and the Vontobel families and the non-profit Vontobel Foundation hold the majority of shares and votes. At the same time, the registered shares of Vontobel Holding AG are listed on the Swiss stock exchange . On January 3, 2016, Hans Vontobel (1916–2016), head of the family and Honorary Chairman of the Board of Directors, died at the age of 100 .
structure
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Vontobel is organized into three units: Wealth Management (previously: Private Banking), Investment Banking and Asset Management .
Wealth management
The Wealth Management business area comprises wealth management, investment advice, and wealth and tax planning for wealthy private clients. The subsidiary Vontobel Swiss Wealth Advisors is an investment advisor registered with the US regulatory authority SEC and manages the assets of US persons.
Investment banking
The investment business concentrates on the business with derivative products, securities and foreign exchange trading, institutional sales, the support of independent asset managers, transaction banking and corporate finance. The business model of Vontobel Investment Banking cannot be compared with the traditional Anglo-Saxon approaches, as Vontobel does not operate on the capital-intensive commercial side of the business. Trading activities are limited to hedging risk positions resulting from issuing and selling activities with structured products and derivatives. Bankhaus Vontobel is one of the five issuers with the highest turnover in the German derivatives market.
Asset management
Vontobel Asset Management is an active asset manager. Various competence centers look after institutional and private customers. Vontobel also holds a majority stake in Harcourt Investment Consulting AG, an international provider of investment funds, especially for institutional investors.
history
Friedrich Emil Haeberli founded the Haeberli & Cie. Stock exchange agency in 1924. After Haeberli's death, Jakob Vontobel took over the stock exchange agency in 1936 and founded Bank J. Vontobel & Co. Jakob Vontobel's son, Hans Vontobel (1916–2016), joined the bank in 1943 and in 1951 became a partner with unlimited liability. In 1972 Jakob Vontobel's grandson, Hans-Dieter Vontobel , joined the bank and in 1977 became a partner with unlimited liability.
Bank J. Vontobel & Co was converted into a stock corporation in 1984 and the companies in the group are combined in Vontobel Holding AG. In 1986 the bearer shares of Vontobel Holding AG were listed on the Zurich Stock Exchange. The unified registered share was created in 2001. In 1988 Vontobel USA Inc. was founded in New York.
Bank J. Vontobel & Co AG became Bank Vontobel AG in 2000. The internet banking project “you Bank” was discontinued in 2001, before completion, with a loss of 55 million francs.
In 2004 Raiffeisen acquired a stake of 12.5 percent in Vontobel Holding AG. The Vontobel family and the non-profit Vontobel Foundation retained the majority of the share capital. In 2007 a branch for the commission business was opened in London . The company offers forms of securitization for raw materials and should enable cost-effective trading in cooperation with its partners.
In 2008, Vontobel Holding AG founded a wholly-owned subsidiary in the Dubai International Financial Center (DIFC). Operations started at the end of March. Vontobel holds 51% of the new company, while management has a 49% stake.
In May, Bank Vontobel Europe AG, based in Munich, commences operations in Germany as a wholly-owned subsidiary of the Swiss Vontobel Group with a full banking license . In July, the Swiss Vontobel Group acquires 100% of Commerzbank (Schweiz) AG, with headquarters in Zurich, a branch in Geneva and a subsidiary in Vienna. Commerzbank (Schweiz) AG will be fully integrated into the Vontobel Group. With this integration, the managed client assets in the Vontobel Group's private banking will increase by 20%. In 2015, Bank Finter in Zurich was taken over.
In May 2018, Raiffeisen Switzerland sold Notenstein La Roche Privatbank to Vontobel for 700 million francs .
Others
The entrepreneur Uli Hoeneß processed foreign exchange transactions via an account with Vontobel , for which he was sentenced in Germany to a prison sentence of three and a half years for tax evasion.
Following an arbitration suit against Vontobel in November 2012, Raiffeisen Switzerland terminated the cooperation agreement with Vontobel that had existed since 2004 in mid-2017.
literature
- Roger Schawinski : Who will be a billionaire? The stock market hype and its makers. Orell Füssli, Zurich 2003, ISBN 978-3-280-05060-6 .
Web links
Individual evidence
- ↑ a b c Vontobel Half-Year Report 2019. (PDF) Vontobel Holding AG, accessed on July 25, 2019 .
- ↑ Martin Meyer : A great person with a view and measure. Retrieved February 5, 2016 .
- ↑ Market shares according to stock exchange turnover - Deutscher Derivate Verband (DDV). Retrieved April 25, 2019 .
- ^ Company Overview of Harcourt Investment Consulting AG. bloomberg.com, accessed January 14, 2019 .
- ↑ Loss business finance portal. In: SWI swissinfo.ch. Retrieved February 8, 2019 .
- ↑ Zeno Staubs Vontobel swallows Finter . In: Handelszeitung . April 9, 2015, ISSN 1422-8971 ( handelszeitung.ch [accessed on 29 September 2017]).
- ↑ Focus, This banker gambled for Hoeneß on the foreign exchange market , March 13, 2014
- ↑ Handelsblatt Vontobel and the tax scandal - The bank for the Hoeneß deals , March 12, 2014
- ↑ Tagesschau, accounts at Vontobel Bank - Hoeneß 'Millions Games in Switzerland ( Memento from March 12, 2014 in the Internet Archive ), March 12, 2014
- ↑ Spiegel, We are to blame , February 7, 2015
- ↑ Raiffeisen ends Vontobel cooperation. Retrieved January 14, 2019 .