Vontobel’s H1 profit jumps 87% as efficiency gains strengthen results

Vontobel has posted a grounds first-half nett aft an betterment successful ratio helped assistance net sharply successful the archetypal six months of 2026.

Half-year nett roseate 87% year-on-year to SFr216m. Revenues accrued 24% to SFr852m.

Operating expenses totalled SFr579m. The cost-income ratio improved to 67.9% from 77.9% a twelvemonth earlier, moving beneath the group's through-the-cycle people of 72%.

Assets nether absorption stood astatine SFr252.2bn astatine 30 June 2026, up 5%.

Net caller wealth reached SFr2.5bn, compared with SFr2bn successful the prior-year period.

The CET1 ratio roseate to 23.2%. Return connected equity accrued to 16.9% from 10.2% a twelvemonth earlier.

The backstage clients concern recorded nett caller wealth of SFr2.5bn, equivalent to a maturation complaint of 4.1%.

Vontobel said each regions posted inflows during the period.

The Americas remained an country of growth. In June, the steadfast opened a caller bureau successful Los Angeles.

In Germany, Vontobel is owed to unfastened a subdivision successful Düsseldorf successful October to service high-net-worth clients and household offices crossed the region.

Structured Solutions besides reported a beardown archetypal half, driven by request for products linked to commodities and US equities.

In organization clients, assets nether absorption accrued to SFr112.5bn.

Reported nett caller wealth was zero. Adjusted for outflows linked to Raiffeisen and Quality Growth nett inflows, nett caller wealth came to SFr3.8bn, which the steadfast said represented annualised maturation of 7.4%.

Demand for fixed income products remained steadfast during the half.

Vontobel said nett caller wealth maturation successful its fixed income boutiques amounted to 15%. It besides said Broadridge placed the steadfast among the main fixed income money promoters successful the archetypal fractional of 2026.

The group's SFr100m ratio programme continues to tally up of program and is expected to beryllium completed by year-end.

According to Vontobel, the programme is supporting operating leverage arsenic gross maturation outpaces costs.

On strategy, the steadfast completed the integration of Quantitative Investments into its wider Investments organisation during the archetypal half.

It said this was intended to embed quantitative and artificial quality capabilities crossed its concern boutiques.

The institution has besides acceptable up Vontobel Solutions, bringing unneurotic expertise crossed plus classes, portfolio construction, concern strategy and hazard management.

It added that caller fixed income products volition beryllium launched successful the 2nd fractional of the year.

Separately, Antoine Boublil volition articulation Vontobel Holding's enforcement committee arsenic main fiscal serviceman from August 2026, taxable to regulatory approval.