Vontobel Holding AG (0QKE) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and a very warm welcome from Georg, Jan and myself. Thank you for joining us today. Georg and I look forward to sharing the progress we have made on our strategic priorities, as well as the highlights of our financial results. Jan Marksveld, our CFO at Intrim, will then take you through the detailed numbers, after which we will open the line and take your questions. 2025 was a successful year for Fontobo. We achieved strong financial results and made decisive progress on our strategic priorities. We reached a net profit of 280 million Swiss francs. We delivered significant growth while at the same time absorbing lower interest rates and a much weaker US dollar. Assets under management increased to 241 billion, supported by strong inflows in private clients and strong inflows for institutional clients in four of our six investment boutiques, notably in fixed income. Our capital position remains very strong. We closed with a CET1 ratio of 19.7%, thanks to record capital generation and effective resource management. We will propose a continued attractive dividend of 3 CHF per share. We made decisive strategic progress. First, we integrated our quantitative investment boutique into the broader investments organisation. The tighter integration will accelerate idea generation, insights and innovation. We also divested Cosmo Funding, a digital lending platform. We want to concentrate on our growth areas. Second, we captured organic and inorganic growth. In private clients, we hired new relationship managers in key markets and will open an office in Los Angeles to seize strong client demand. We welcomed the new employees and clients from eHike Private Bank. This integration was a resounding success. It was completed ahead of schedule, on the budget and with very...