Vontobel’s structured products impacted by weak markets

Vontobel has posted a pre-tax profit of CHF180.4m (US$187.6m) for the first half of 2022, a decrease of 23% on the prior year period (H1 2021: CHF233.4m). Advised client assets, which include structured products, fell by 16.6% year-on-year and by 15% compared to H2 2021. The weak markets in 2022 have negatively impacted client assets - Zeno Staub, CEO As of 30 June 2022, the outstanding volume of structured products issued was CHF6.9 billion, a decrease of 20% YoY (H1 2021: CHF8.6 billion).