Vontobel Reports Record First-Half Profit of SFr216m in 2026
Swiss private bank Vontobel reported a record first-half profit for 2026, rising by 87% year-on-year to SFr216 million. The strong performance was driven primarily by improved efficiency and higher revenues of SFr852 million, up 24%. Operating expenses were controlled at SFr579 million, with the cost-income ratio improving significantly from 77.9% in the prior year to 67.9%, now below its through-the-cycle target. Assets under management reached SFr252.2 billion as of June 30, up by 5%. Vontobel recorded net new money of SFr2.5 billion for private clients and reported growth across all regions, including the Americas where it opened a Los Angeles office in June. The firm also plans to open an additional branch in Düsseldorf later this year. The company's efficiency programme is progressing ahead of schedule and expected to be completed by year-end. Strategic initiatives included integrating Quantitative Investments into its broader investment organization and launching Vontobel Solutions, which combines expertise across asset classes.
Topics: assets under management efficiency gains profit revenue growth