Vontobel has returned to positive net new money and increased its profits, according to its report for the first half of the year.
The group recorded CHF 2.3bn in net inflows, compared to net outflows of CHF -900m in the second half of last year, and CHF -2.6bn in the first six months of 2023.
Assets under management rose 9% to CHF 225.9bn over the six-month period. Total client assets went up by 10% to CHF 291.1bn. Total client assets also include other advised client assets, structured products, debt instruments outstanding and custody assets.
