Bank Vontobel Europe, a Vontobel unit that serves clients in Germany, has appointed Andreas Heinrichs as its new chief operating officer (COO).
Heinrichs will assume the new responsibility this September, replacing Bernhard Heye who has been serving as the acting COO since December last year.
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Heye earlier served as the CEO of Bank Vontobel Europe.
The appointment of Heinrichs aligns with Vontobel’s aim to serve exclusively as a buy-side investment manager and pull the plug on its global brokerage operations.
Heinrichs has been working at Vontobel since 1999 and sits on the Bank Vontobel Europa management board.
He was in charge of the firm’s brokerage operations, which is about to get closed.
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By GlobalDataPrior to joining Vontobel, he was responsible for the German equity sales and research team at private bank Sal. Oppenheim jr. & Cie.
Bank Vontobel Europe chairman of the supervisory board Martin Sieg Castagnola said: “With the focus on an internationally active investment manager with Swiss roots that we implemented at the turn of the year, we are placing clients and their expectations at the centre of our activities even more strongly than before.
“The EU and the EEA are among Vontobel’s focus markets, in which we aim to achieve profitable growth in the future.”
In December 2019, Vontobel agreed to offload its capital markets business to Zürcher Kantonalbank.
