Vontobel recorded a 6% increase in assets under management to reach SFr255.1bn ($309bn) at the end of September 2026, marking a gain of SFr14.4bn compared with the end of 2025.
Market performance accounted for SFr8.7bn of the increase, while foreign exchange effects added SFr5.5bn. Net inflows contributed a further SFr1.9bn.
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Adjusted total net new money was SFr8.4bn over the first nine months of 2026. Private Clients recorded positive flows in every region, while Institutional Clients saw demand for fixed income products.
Private Clients generated SFr3.8bn in net inflows. Institutional Clients recorded net outflows of SFr2.0bn.
Excluding SFr5.1bn of outflows from Quality Growth strategies and SFr1.6bn of outflows related to Raiffeisen’s previously disclosed insourcing of the Futura fund management mandate, Institutional Clients reported adjusted net inflows of SFr4.6bn.
The update follows Vontobel’s first-half results, when profit rose 87% year-on-year to SFr216m. Revenue increased 24% to SFr852m during the first six months of 2026.
Operating expenses totalled SFr579m. The cost-income ratio fell to 67.9%, from 77.9% a year earlier, below the group’s through-the-cycle target of 72%.
Assets under management were SFr252.2bn at 30 June 2026, up 5%. Net new money reached SFr2.5bn, compared with SFr2bn in the prior-year period.
Notably, in June, Georg Schubiger, Vontobel’s co-chief executive, was appointed to lead the Association of Swiss Asset and Wealth Management Banks (VAV). He replaced Giorgio Pradelli of EFG International.
