Among other developments, the Zurich-listed firm said it is continuing to build out its private clients business arm, including the US West Coast.

Swiss financial services group Vontobel today reported a group net profit of SFr280.1 million ($360.6 million) for 2025, rising from SFr266.1 million from a year before. The results have benefited from a year-on-year gain in operating income and slight cut in costs for the reporting period.

Within the private clients segment, Zurich-listed Vontobel said it logged SFr1.07 billion in operating income, rising from SFr1.02 billion.

Assets under management stood at SFr240.7 billion at the end of December last year, rising from SFr229.1 billion at the end of 2024. Total advised assets rose to SFr271.2 billion from $256.7 billion, it said in a statement.

Last year, Vontobel booked SFr4.2 billion in net new money.

At the end of 2025, Vontobel said it had a “very strong capital position,” with a Common Equity Tier 1 ratio of 19.7 per cent.

The group said its SFr100 million efficiency programme is “running ahead of plan2, with 84 per cent of its targeted efficiencies realised by the end of last year."

Vontobel is continuing to invest in its private clients segment, among others, and is planning to hire relationship managers in “focus markets”; its Vontobel SFA business will open a new office in Los Angeles in the first half of this year.

C-suite moves
The firm said that Thomas Hirschi had been appointed chief risk officer and will take up the post from 1 March. Annette Nanzer, who was appointed as head of human resources on 1 September, will join the executive committee from the start of March.