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Vontobel has achieved a significant milestone by surpassing the CHF 100 billion mark in assets under management for the first time, attributed to net new money inflows of CHF 2.3 billion and favorable market conditions.
Financial Milestone
The bank has also seen notable improvements in its institutional business, with a halt in asset outflows and a 9 percent increase in assets under management, reaching CHF 225.9 billion.
Despite facing cost-related challenges, Vontobel has managed to reduce its cost/income ratio and reported a 12 percent rise in profit before taxes.
Strategic Initiatives
Additionally, the bank has achieved gender parity on its Board of Directors and made strategic talent acquisitions and leadership transitions, positioning itself for continued growth and success in the financial market.
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