Vontobel looks back on a successful 2025 financial year. Net profit rose by 5 percent to 280 million francs, while assets under management also increased by 5 percent to 241 billion francs. At the same time, the institution benefited from strong net new money inflows in the private clients business amounting to 4,2 billion francs. This is according to figures published on Friday.

«2025 was a successful year for Vontobel. We increased revenues, reduced costs and at the same time continued to invest in growth areas,» said Co-CEOs Christel Rendu de Lint and Georg Schubiger. Net new money was recorded across all key segments, and in the institutional business Vontobel achieved a top-quartile position in terms of inflows. «This result underlines the strength of our business model and the commitment of our teams.»

Currency Effects Weigh on AuM Growth

Assets under management rose to 241 billion francs at the end of 2025, up 5 percent. Drivers included positive market performance, the acquisition of the client book of IHAG Privatbank  (17,5 billion francs), and net new money of 4,2 billion francs. However, exchange rate effects due to the weaker US dollar largely offset these gains, amounting to a negative 10,1 billion francs.

Operating income increased to 1,431 billion francs. In addition to the higher level of assets under management, Vontobel benefited from strong revenues in the Structured Investment Solutions segment as well as consistently resilient margins, the institution said. The Structured Investment Solutions segment continued to gain market share in its core markets and benefited from its strong technology and distribution network.

Net New Money Mainly in the Private Clients Business

In the Private Clients segment, Vontobel generated net new money of 5,8 billion francs, corresponding to growth of 5,2 percent. All regions recorded inflows, particularly in advisory and discretionary asset management mandates. Since 2022, Vontobel had suffered from sometimes sharply declining inflows.

In the Institutional Clients segment, net outflows of 1,6 billion francs were recorded. According to Vontobel, these outflows were primarily attributable to the Quality Growth area, reflecting weak demand for more defensive and quantitative strategies. By contrast, Fixed Income as well as Multi-Asset and Solutions strategies developed positively. In these areas, net new money grew by a total of 6,7 percent.

Efficiency Programme Progresses Faster Than Planned

In 2025, Vontobel further sharpened its investment-focused approach. Among other steps, the digital financing platform Cosmofunding was sold to Zurich Cantonal Bank last year. The transaction was successfully completed at the end of January 2026.

Vontobel is also making strong progress with its 100 million francs efficiency programme. According to the statement, the bank is ahead of schedule, with 84 percent of the targets achieved by the end of 2025. Despite the integration of IHAG Privatbank and continued investments in growth, Vontobel was able to reduce its absolute cost base. The cost-income ratio improved to 74,2 percent (2023: 79,2 percent). The programme is scheduled to be completed by the end of 2026 and is intended to «free up resources for growth.»

Strengthening of the Executive Committee

Vontobel also announced that, effective 1 March 2026, Thomas Hirschi will be appointed Chief Risk Officer and join the Executive Committee of Vontobel Holding. Also effective 1 March 2026, Annette Nanzer, Head of Human Resources since September 2025, will become a member of the Executive Committee.

The pool shareholders, who together hold 50,87 percent of the shares, have extended the shareholder pooling agreement by ten years until the end of 2036. Thereafter, the agreement will be automatically renewed on a rolling five-year basis. With this restructuring of the shareholder pooling agreement, the pool shareholders aim to reaffirm their commitment to the company and its long-term development, the statement said on Friday.