Vontobel will purchase the client book from IHAG Privatbank (IHAG). This helps Vontobel achieve its strategy goal of increasing its market share in its target areas.
Clients of IHAG Privatbank will be able to take advantage of Vontobel’s vast worldwide investment experience, expert counsel, and digital capabilities due to the acquisition.
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Customers should anticipate a completely smooth transfer.
Christel Rendu de Lint and Georg Schubiger, Co-CEOs of Vontobel stated: “We are very much looking forward to working with our new clients from IHAG Privatbank. They will benefit from Vontobel’s broad investment expertise, dedicated client servicing and digital capabilities. Acquiring IHAG Privatbank’s client portfolio further strengthens our position across the DACH region.”
From the start, Vontobel’s group net profit is anticipated to benefit from the transaction.
Vontobel will use its current capital to finance it. At the latest, the deal is expected to close in the first half of 2025, subject to usual closing conditions.
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By GlobalDataMoreover, Vontobel successfully purchased a substantial minority investment in Ancala Partners, a London-based independent private infrastructure manager, in July.
Announced on 8 February 2024, Vontobel’s foray into the private markets is marked by the acquisition of a sizable minority position in Ancala Partners, which gives Vontobel investing capabilities in the rapidly expanding private infrastructure segment.
Customers will be able to take leverage of this offering’s attractive risk-adjusted returns and potential for diversification, which is bolstered by its low correlation to the GDP and other main asset classes.
Ancala is a significant infrastructure manager, overseeing 18 assets functioning in vital infrastructure sectors like as transportation, utilities, renewable energy and energy transition, and the circular economy, with a total value under control of about €4.1bn ($4.3bn).
This transaction was funded out of Vontobel’s own income, and its CET1-ratio remains comfortably over its stated objective of 12%.
