Vontobel has disclosed plans to set up a new office in Düsseldorf in 2026, targeting wealthy private clients and family offices in North Rhine-Westphalia.
The group has operated in Germany for more than 70 years.
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Private banking clients are currently covered from Munich and Hamburg.
Its Frankfurt teams work with institutional investors and run the firm’s European structured products operations outside Switzerland.
The Düsseldorf location will add to Vontobel’s German network and will target family offices and high-net-worth private clients from North Rhine-Westphalia.
The firm said the office will be supported by its wider investment organisation, which includes more than 300 investment professionals worldwide.
Vontobel is listed and remains largely owned by its founding families.
The company reported more than €130bn ($150.2bn) in assets under management for private clients as of 2025.
Clients in Germany can keep assets in Switzerland or in Germany.
About 20 investment professionals in Munich and Hamburg, together with specialists in Zurich, currently support Germany-domiciled clients.
Vontobel co-CEOs Christel Rendu de Lint and Georg Schubiger said: “With this step, we are consistently pursuing our strategy of investing selectively in growth. Germany is a key market for us in Europe. North Rhine-Westphalia is one of the country’s most important and dynamic regions, with a large number of medium-sized and large companies in crafts and industry as well as trade and services.”
Last year, Vontobel completed the purchase of IHAG Privatbank’s client book. The firm said the deal was intended to strengthen its position in the DACH region.
