Swiss asset manager Vontobel has said that its advised client assets totalled CHF207.1bn at the end of February 2019.

This is a rise of 8% from CHF192.6bn as at 31 December 2018.

The increase is said to have been driven by positive market developments and net inflows, mainly in Asset Management.

However, the start to the year is said to be slower when compared against the firm’s strong first quarter of 2018.

The firm predicts growing political and economic uncertainties in the coming days.

Vontobel CEO Zeno Staub said: “We anticipate that the market environment will remain very challenging in 2019 and will be characterised by continued pressure on margins.

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“However, we will continue to systematically focus on growth and on client-oriented priorities, while at the same time assigning a high level of importance to operating efficiency.”

Staub also noted that the firm will look to further bolster its position in its core markets this year.

Staub’s outlook for the next year was positive.

“We are well on track to achieve our targets for 2020,” he stated.

Meanwhile talking about 2019, Vontobel chairman of the board of directors Herbert Scheidt stressed that the firm will focus on converting its recent investments into profits.

Scheidt said: “We will drive forward the digitalisation of our processes and services in order to become even more efficient, competitive and profitable.

“And we will further expand our international activities – wherever we see substantial, attractive growth opportunities over the long term.”