The executive board of VT Wealth Management, a mid-sized wealth management company serving Swiss and international private clients, is to acquire the 51 per cent equity stake held by the Vontobel Group, bringing the firm under independent ownership.

With effect from the end of this month, the company will be 100 per cent-owned by its management. The firm said that VT Wealth Management, which was established in 2008, will continue to be run by its existing management team.

"The management buyout will provide us with the freedom and independence that is sought and valued by clients," stated Thomas Fedier, chief executive of VT Wealth Management.

Fedier added that the firm would “continue to work with the Vontobel Group at an operational level."

"We are bundling our strengths and intensifying our focus on markets in which there is an explicit demand for our integrated business model. At the same time – as part of our commitment to good corporate governance – we are striving to create a group structure with clear controlling interests," stated Roger Studer, head of investment banking at the Vontobel Group, as he explained the sale of the equity stake.

VT Wealth Management is headquartered in Zurich. providing Swiss and international private clients with asset management, investment advisory and wealth consolidation services; it also caters for family offices.