Vontobel Asset Management, a part of Bank Vontobel, is planning to operate itself as an independent legal entity and as a wholly-owned subsidiary of Vontobel Holding.

Subject to regulatory approval, the new entity will operate under the name Vontobel Asset Management AG.

Vontobel said that the independence of asset managers is considered to be a key selection criterion applied by international consultants and clients.

The transformation will allow analysts and investment consultants to make clearer assessments of the asset-management business.

The new legal structure is subject to the approval of the Swiss Financial Market Supervisory Authority FINMA and the General Meeting of Shareholders of Bank Vontobel AG on 29 April 2015.

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