As part of their larger plans for Asia, Swiss bank Vontobel has identified the region’s external asset manager space as low-hanging fruit that it will target.
By Shruti Advani, Editor-at-Large, finews.com
The Zurich-based bank has tasked Georg von Wattenwyl with winning business among independent asset managers for the bank. He will also have global responsibility for family offices.
Von Wattenwyl has been responsible for Vontobel's financial products, advisory and distribution unit for the past 11 years. He will be in charge of the development of the business in Asia and head the new team from January.
Banks such as Credit Suisse and Julius Baer already have well established external asset manager businesses whilst fellow Swiss bank Pictet recently exited that business in Asia.
