On the absorption of CS by UBS, the CEO explains that in the United States and internationally, the recognition of customers and shareholders is great for the fact that Switzerland has ensured market stability so quickly and vigorously. financial.
Vontobel is visibly profiting from the Credit Suisse debacle, whether in terms of cash flow or employees. Its managing director Zeno Staub, in an interview with “Finanz und Wirtschaft” explained that “we can already say that we have had a net influx of new money into wealth management in recent months”.
Exact numbers will be released along with those for the first quarter on April 21. “At the same time, we announced that we will invest in our wealth management, good people are of course welcome”.
Faced with the effects of the absorption of Credit Suisse by UBS, Mr. Staub emphasizes that in the United States and internationally, the recognition of clients and shareholders is great for the fact that Switzerland has ensured so quickly and vigorously the stability of the financial market.
For the head of Vontobel, the banking sector should not place such great weight on location. As in watchmaking, the machinery industry or pharma, this point is only complementary. “The important thing is to position yourself clearly and to be a reliable partner as a company”.
