Vontobel targets Germany in one bank approach
Swiss bank Vontobel is to merge its German
private banking, asset management and investment banking operations
into one entity, to be named Vontobel Europe.
Vontobel Germany head Frank Wieser said the
integration marks its efforts to target the German market using its
private banking, asset management and investment banking
capabilities in a co-ordinated approach.
“As well as increasing our proximity to
clients, it will help Vontobel to significantly enhance the
efficiency of its operations in Germany," he said.
Vontobel has served in Germany from its
branches in Munich, Frankfurt and Cologne since 2002 and from
Hamburg since the end of 2008.
At the end of December 2009, Vontobel held
about CHF115bn ($108bn) of assets.
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