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Vontobel’s Institutional Clients division saw CHF 1.8B in outflows, while Private Clients attracted CHF 2.4B, exposing a stark performance gap. The disparity fuels speculation about leadership changes and strategic shifts, including a potential sale or CEO reshuffle. The Zurich private bank faces an existential challenge as internal power struggles intensify.
- Institutional Clients division lost CHF 1.8B, while Private Clients gained CHF 2.4B, highlighting a stark performance divide.
- Former CEO Zeno Staub's board return sparks speculation about a potential sale or leadership reshuffle.
- The power struggle between Rendu and Schubiger could determine Vontobel's future strategic direction.
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