The Swiss investment company’s results were impacted by clients worldwide staying on the side-lines rather than reinvesting or making new investments in various asset classes during 2022.

Vontobel has posted a profit after tax of CHF230m (US$249m) for 2022, a decrease of 40% compared to record year 2021 (CHF348m). Advised client assets, which include structured products, totalled CHF226.6 billion – down 16% year-on-year (YoY). As of 31 December 2022, the outstanding volume of structured products issued was CHF7.7 billion (end-2021: CHF8.1 billion). 2022 was a challenging year for a pure play buy-side investment firm, according to Zeno Staub ( pictured ), chief executive

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