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Vontobel to acquire UBS’s Swiss Financial Advisers business serving US clients seeking geographic diversification


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  • The transaction serves as a part of Vontobel’s decade-long ongoing progress technique within the US
  • As a part of Vontobel, Swiss Financial Advisers will proceed to supply its US clients tailor-made funding options in a Swiss-based atmosphere
  • UBS will proceed to refer its clients to Swiss Financial Advisers, responding to growing shopper demand for regionally diversified methods with a world method

NEW YORK & ZURICH — Vontobel (SWX: VONN), the worldwide funding agency, in the present day introduced it signed an settlement to buy UBS Swiss Financial Advisers AG (SFA), a subsidiary of UBS AG, primarily based in Zurich. With this acquisition, Vontobel will additional strengthen its platform offering clients with a world funding method and geographic diversification. Vontobel, by way of Vontobel Swiss Wealth Advisors (VSWA), is likely one of the main Swiss-domiciled suppliers of wealth administration funding options for US and certified Canadian buyers.

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Vontobel will mix SFA and VSWA, its present business serving North American Wealth Management clients. Preparations for this may begin after the closing of the transaction, which is anticipated for the third quarter of 2022.

“This transaction is reflective of our confidence in the US market and our ongoing strategic growth efforts in the region,” mentioned Georg Schubiger, Global Head Wealth Management Vontobel and Chairman VSWA. “This is a major step toward making Vontobel a global name that serves sophisticated clients around the world and builds toward our goal of increasing US client revenue and overall assets under management.”

Together with SFA’s CHF 7.2 billion in belongings underneath administration as of September 30, 2021, Vontobel, by way of its SEC licensed entities, is anticipated to change into the biggest Swiss-domiciled wealth supervisor for US clients seeking an account in Switzerland for diversification functions. The mixed professional forma belongings underneath administration will greater than double to over CHF 10 billion.

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Following the transaction, UBS will proceed to refer its clients to SFA, an SEC-registered funding advisor and FINMA-licensed securities agency, which presents US clients tailor-made funding options in a Swiss-based atmosphere.

“We are pleased to partner with Vontobel, a leading global investment firm that’s client focused and committed to excellence,” mentioned Tom Naratil, Co-President UBS Global Wealth Management and President UBS Americas. “This acquisition not only ensures UBS’s US clients continue to have access to a Swiss-based money management firm, but it also simplifies our business structure and enables us to focus on core activities with scale in line with our strategic priorities.”

Vontobel has lengthy been current within the US as an asset supervisor, and for over a decade has been rising its wealth administration business with groups in New York, Geneva and Zurich. Most lately, Vontobel acquired Lombard Odier’s US- primarily based shopper portfolio in 2019 and plans to open a brand new workplace in Miami.

The transaction, which is topic to regulatory approvals, can be absolutely funded with money from Vontobel’s stability sheet, lined by its sturdy CET1 and Tier 1 capital ratios. Additional monetary particulars of the transaction weren’t disclosed.

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About UBS Swiss Financial Advisers AG

UBS Swiss Financial Advisers AG, primarily based in Zurich, is a subsidiary of UBS AG, and is an SEC-registered funding advisor and FINMA-licensed securities agency for US clients seeking an account in Switzerland for diversification functions. As a part of the settlement, UBS Wealth Management USA will proceed to refer SFA to its clients seeking a extremely certified, SEC-registered Swiss-domiciled wealth supervisor.

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About VSWA

VSWA, is likely one of the main Swiss-domiciled suppliers of worldwide diversified funding options for the wealth administration wants of U.S. individuals and certified Canadian buyers, with shopper advisor groups in New York, Geneva and Zurich. VSWA has Exempt International Advisor standing within the Canadian provinces of Alberta, British Columbia, Nova Scotia, Ontario and Quebec.

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About Vontobel

Vontobel is a globally energetic funding agency with Swiss roots, specialised in wealth administration, energetic asset administration and funding options. Vontobel Holding AG shares are listed on the SIX Swiss Exchange and majority owned by the founding household. Their shut ties to the corporate assure entrepreneurial independence and the ensuing freedom creates an obligation to assume social duty. As of September 30, 2021, Vontobel held CHF 292.9 billion of shopper belongings, served from 26 world-wide areas.

About UBS

UBS offers monetary recommendation and options to rich, institutional and company clients worldwide, in addition to personal clients in Switzerland. UBS is the biggest really international wealth supervisor, and a number one private and company financial institution in Switzerland, with a large-scale and diversified international asset supervisor and a centered funding financial institution. The financial institution focuses on companies which have a robust aggressive place of their focused markets, are capital environment friendly, and have a horny long-term structural progress or profitability outlook.

Legal data

This press launch is offered purely for informational functions and is expressly not directed at individuals whose nationality or place of residence prohibits entry to such data on account of present laws. The data and views contained in it don’t represent a request, supply, or suggestion to use a service, to purchase or promote funding devices, or to conduct different transactions. Forward-looking statements, by their nature, contain common and particular dangers and uncertainties. It must be famous that there’s a threat that forecasts, predictions, projections, and outcomes described or implied in forward-looking statements might not show to be right.

View supply model on businesswire.com: https://www.businesswire.com/news/home/20211216005591/en/

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Contacts

Media Relations, Vontobel

[email protected]
+41 58 283 59 30

[email protected]
+41 58 283 57 90

Media Contact USA
Philippa Ushio
[email protected]
+1 646-818-9064

Investor Relations, Vontobel

[email protected]
+41 58 283 64 38

[email protected]
+41 58 283 75 52

Media Relations, UBS AG

Claus-Peter Schrack
+49 69 2179 1617
[email protected]

Erica Chase
+1 212-713-1302
[email protected]

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