Vontobel Reports Varied Inflows For Private, Institutional Client Segments

Editorial Staff

26 April 2024

Switzerland-headquartered has reported contrasting fortunes over the inflows into its private clients and institutional client arms in the first quarter of 2024.

On the private client side, an estimated SFr1.8 billion ($1.96 billion) entered that business in Q1 2024, down from SFr5.3 billion a year before. On the institutional side, SFr300 million came into this business in terms of net new money, against a net withdrawal of SFr7.6 billion a year earlier, Vontobel said in an update on its results.

Assets under management increased by SFr16.9 billion reaching a total of SFr223.7 billion, a growth of 8 per cent, driven by positive market performance (SFr7.7 billion), foreign exchange effects (SFr7.1 billion) and net new money (SFr2.1 billion).

In late February, while announcing its full-year 2023 figures, Vontobel said it was acquiring a “significant minority stake” in Ancala Partners LLP, a London-based independent private infrastructure manager.

This transaction marked Vontobel’s entry into institutional private markets, and chimed with a trend of other firms buying into the $1 trillion infrastructure story, such as BlackRock.