Finance
Vontobel reports higher assets under management in Q1, more institutional outflows
Published by Global Banking & Finance Review®
Posted on April 24, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 24, 2025
1 min readLast updated: January 24, 2026
Vontobel's Q1 2025 report shows asset growth to 235.1 billion francs, but institutional outflows led to a 5% drop in shares.
(Reuters) -Vontobel Holding on Thursday said assets under management had increased to 235.1 billion Swiss francs ($283.80 billion) in the first quarter of 2025, but disappointing outflows from institutional clients weighed on shares.
Assets under management grew by 2.6% compared to year-end 2024, largely driven by the acquisition of private bank IHAG's client book and market performance, Vontobel said.
In a three-month 2025 trading update, the Swiss private bank reported total net new money of 0.6 billion francs, missing Zuercher Kantonalbank's forecast of 1.4 billion francs.
Shares were down by around 5% at 0728 GMT.
The private clients segment had delivered inflows of 2.4 billion francs, while the institutional clients segment posted net outflows of 1.8 billion francs, the bank said.
"Vontobel's 1Q25 trading update is a mixed bag, and likely weaker-than expected," analysts at Citi said in a briefing.
($1 = 0.8269 Swiss francs)
(Reporting by Ariane Luthi, Editing by Rachel More)
The main topic is Vontobel's Q1 2025 financial performance, focusing on asset growth and institutional outflows.
Private clients contributed positively with 2.4 billion francs in inflows.
Vontobel's shares dropped by 5% due to disappointing institutional outflows.
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