Family-controlled Swiss private bank Vontobel, which withdrew from on-shore activities in Austria, Dubai and Italy in 2012 to slash costs, is looking to hire in target markets again.
Speaking at Reuters Global Wealth Management Summit in Geneva, Vontobel’s private banking head Georg Schubiger said the bank is now in a position to hire again.
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"We have come through a period of refocusing," Reuters quoted him as saying.
At the moment, we invest in employing relationship managers in markets we find attractive, that’s the biggest area of investment," he said at the summit.
Vontobel has devoted such resources to expand existing operations in Germany and Hong Kong.
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