Vontobel
Vontobel Holding AG is an international investment management firm with Swiss roots, providing investment, advisory and solutional capabilities to private and institutional clients. Established in 1924, as of August 2021, Vontobel has over 2,000 employees across 26 worldwide locations. Among the top tier Swiss banks, Vontobel holds around $300 billion of client assets.
Some of the key events about Vontobel
- 1935The bank was founded during the rise of Nazi Germany, raising questions about its early associations
- 1936Founded as a private bank in Zurich, Switzerland
- 1986Established its first foreign subsidiary in New York
- 1988Opened a branch in London, expanding its international presence
- 2001Acquired Harcourt Investment Consulting AG, strengthening its asset management capabilities
- 2003Vontobel was fined by the Swiss Federal Banking Commission for violating due diligence obligations
- 2006Listed on the SIX Swiss Exchange, becoming a publicly traded company
- 2008The bank faced criticism for its exposure to the Lehman Brothers collapse during the financial crisis
- 2009Vontobel agreed to pay $4.5 million to settle U.S. tax evasion allegations
- 2011The bank was implicated in a tax evasion scandal involving German clients
- 2012Vontobel was fined by FINMA for breaching anti-money laundering regulations
- 2015Acquired a majority stake in TwentyFour Asset Management, expanding its fixed income expertise
- 2015The bank faced regulatory scrutiny over its cross-border wealth management practices
- 2016Acquired Vescore AG, enhancing its sustainable investing capabilities
- 2016Vontobel paid $5 million to settle U.S. charges related to improper handling of American clients
- 2017Acquired the Eastern European client portfolio of Notenstein La Roche Private Bank Ltd
- 2018Completed the acquisition of Notenstein La Roche Private Bank Ltd, significantly expanding its wealth management business
- 2018The bank was criticized for its slow adoption of sustainable investment practices
- 2019Launched Digital Investing, a digital platform for wealth management services
- 2020Vontobel faced reputational damage due to its involvement with controversial companies in its funds
Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.
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