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Christel Rendu, head of Vontobel’s Institutional Clients, faces scrutiny as the division bleeds assets while Private Clients thrive under Georg Schubiger. The leadership imbalance raises questions about the bank’s future direction. Fresh board changes, including the return of ex-CEO Zeno Staub, hint at potential upheaval.
- Institutional Clients lost CHF 1.8B while Private Clients gained CHF 2.4B in Q1, exposing a stark performance divide.
- Ex-CEO Zeno Staub's board return signals potential restructuring, with sale or single-CEO model considered.
- Rendu retains operational control despite institutional outflows, creating tension with Schubiger's successful division.
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