External Asset Managers

Transcription

1 Vontobel Investment Banking External Asset Managers Performance creates trust

2 Our history Foundation, listing and growth 1924 Friedrich Emil Haeberli establishes the brokerage firm Haeberli & Cie in Zurich 1936 Jakob Vontobel takes over the brokerage firm and establishes the limited partnership J. Vontobel & Co. His personality and his entrepreneurial spirit lay the foundation for today's bank 1943 Jakob Vontobel's son, Dr Hans Vontobel, joins the company and in 1951 becomes a partner with unlimited liability. In the decades to come, the bank under his leadership becomes one of Switzerland's leading private banks 1983 Bank J. Vontobel & Co is converted into a public limited company 1986 The bearer shares of Vontobel Holding AG are listed on the Zurich stock exchange 1991 Dr Hans Vontobel steps down as Chairman of the Board of Directors in favour of his son Dr Hans-Dieter Vontobel and is appointed Honorary Chairman Slide 2

3 Our history New horizons 2006 Vontobel acquires Harcourt and takes over the brokerage and corporate finance activities of Lombard Odier Darier Hentsch 2009 Bank Vontobel Europe AG, based in Munich, a wholly owned subsidiary of Vontobel, receives its full banking licence for Germany and begins its operational activities. Vontobel takes over Commerzbank (Schweiz) AG 2010 Establishment of Vontobel Swiss Wealth Advisors AG in Zurich, branch offices opened in Basel and Berne 2012 Establishment of Vontobel Financial Products (Asia Pacific) Pte. Ltd. in Singapore and Vontobel Wealth Management (Hong Kong) Ltd. in Hong Kong 2014 Vontobel repurchases the stake of long-term cooperation partner Raiffeisen. The shares are cancelled 2015 Vontobel acquires a majority stake in the UK company TwentyFour Asset Management, London Vontobel has acquired Finter Bank Zürich from Italmobiliare and has assumed control of its locations in Zurich and Lugano (announcement from 7 Sept 2015) Top picture: head office at Bahnhofstrasse 3 in Zurich from 1964 to 2007; bottom picture: head office Vontobel Campus at Gotthardstrasse 43 from 2007, another 20 locations worldwide Slide 3

4 The 7 convincing reasons for an External Asset Manager to work together with Vontobel 1. Thorough soundness, independence, and no conflicts of interest 2. One point of contact 3. Modern front systems 4. Fully integrated trading/ execution platform Services One client advisor in charge of all responsibilities Well-coordinated, experienced teams for efficient service Accessible from 7.00 a.m. to p.m. EAMNet E-banking with direct trading/market access Special functions for independent asset managers Direct market access Proximity to the capital markets Established global network of brokers 5. Direct access to No. 1 issuer of structured products 6. Direct access to No. 1 Swiss equity research house 7. Direct access to outstanding asset managers Products Established, innovative solutions provider Experienced team of specialists derinet & deritrade : unique e-tools International award winning equity research Broadest coverage of Swiss stock market Accredited team of analysts Innovative and transparent investment solutions Active asset management Focused on clearly defined competencies Slide 4

5 Vontobel: Tradition and entrepreneurial independence Vontobel highlights Stable family shareholder base 90 years independence Listed on Swiss Stock Exchange since 1986 (Bloomberg code VONN SW) Three business units - Private Banking - Asset Management - Investment Banking Key facts ( - Total client assets: CHF bn - Employees: around Equity: CHF 1.42 bn - BIS tier 1 capital ratio: 17.9% 37.2% Publicly held 17.0% Unlocked shares of the main shareholders 45.8% Shares in the pooling agreement 1 Shareholder structure as at 31 December 2015 / Based on share capital of CHF 56,875 million. 1 of which: 17.2% Vontobel Foundation and Pellegrinus Holding, 13.1% Vontobel families, 14.3% Vontrust family holding, 1.2% Vontobel and management As at Slide 5

6 Where to find us Serving you at 22 locations worldwide Dallas New York Hamburg London Cologne Luxembourg Frankfurt Zurich Basel Munich Berne Vaduz Vienna Geneva Milan Lucerne Lugano Dubai Hong Kong Madrid Singapore Sydney Slide 6

7 Our integrated business model In our integrated business model we combine the expertise of all three business units, promote close cooperation and thereby create synergies and real added value for our clients. Asset management Investment advice Services - Financial and retirement advice - Advice and management of foundations - Credit Private Banking Vontobel Investment Banking Financial Products Brokerage Services for external asset managers Transaction Banking Corporate Finance Asset Management Active asset management with multi-boutique approach Five clearly defined investment strategies Global distribution of institutional mandates and investment funds Slide 7

8 External Asset Manager Business: Personal support through experienced team Relationship Management Your principal contact person is responsible for overseeing the relationship with you and your clients. He is supported by a team of specialists and will guarantee: Highest service quality Fast handling of your orders for all asset classes Swift support for you and your clients needs Access to our Vontobel specialists Investment Advisory Your principal contact person provides investment advisory support. He accompanies you throughout the investment process and is a well-versed discussion partner on investment matters. He relies on the support of a longexperienced investment specialist. We offer you: Morning call/briefing Market updates during the trading day Elaboration of investment themes (ad-hoc and periodical) Switch suggestions/second opinions Company research and research analysis Slide 8

9 Our services for external asset managers: Personal support through experienced team Vontobel EAMNet The platform for External Asset Managers Strengthening of the personal service offering capabilities of the relationship managers Single sign-on to all Vontobel platforms which are relevant for External Asset Managers Professional support in the areas of product information, research und administration Direct access to all relevant Vontobel Research- und Product platforms Modern navigation system in order to have fast and direct access to all relevant Information Daily Research Reports and Updates Slide 9

10 Our services for external asset managers: Reliable trading and information systems Modern infrastructure Exchange trading Client management Monitoring Our systems are designed to provide you with optimal, reliable support in your daily work with your clients. We offer you a contemporary state-of-the-art platform: our new Vontobel e-banking portal with trading functions, which was specially developed to meet your needs. Direct access to numerous stock exchanges Real-time order book Batch orders with individual execution Trade settlement documentation available electronically Formation of individual client groups Vontobel asset and account statements available electronically Maturity date lists and account balance lists An innovative tool that offers you lots of freedom Slide 10

11 Our services for external asset managers: Fundamental Research on Swiss Equities Vontobel has a very strong and experienced Research Team featuring 18 senior analysts Coverage Road shows Conferences Our specialists cover more than 150 Swiss stocks and are highly experienced in international sectors. One of our prime strengths is our highly ranked road shows, which we organize all around the globe; about 200 each year. Every year, Bank Vontobel stages high-quality sector conferences (Banking Day, Healthcare). Services Bank Vontobel offers a wide range of daily, periodical and ad-hoc research publications. Media The access portal to our Vontobel Research Website is: The external awards and rankings achieved by Vontobel speak for themselves. Our consistently high rankings in the Institutional Investor and Thomson Excel surveys testify to our clients appreciation of our expertise and service quality Slide 11

12 Our services for external asset managers: Fundamental Research on Swiss Equities Our knowledge of small & midsized enterprises is also unique Systematic coverage of companies Bottom-up analysis of approx. 150 Swiss and approx. 20 international companies with standardized profit models, price targets and ratings. Access to companies Wide range of theme and sector research Regular contacts from our analysts In-depth industry know-how and ahead of the curve for the benefit of our clients. Arrangement of 1-to-1 meetings with the top management of the companies we cover through road shows and reverse road shows. Early recognition of trends and proactive implementation into investment advice. Proactive and regular contacts from our analysts concerning individual stocks or industries. Slide 12

13 Transaction Banking Our services for external asset managers: Best Execution Services Trading volumes Clients Clearing Custody volumes Vontobel processes yearly over 5.5 m. orders over its own trading platform Vontobel processes all the orders for its private and institutional clients as well as for all external asset managers Highest STP-Rate in peer group (>98%)* Highest securities clearing efficiency* Custody volume of around CHF bn. of which CHF 38.6 bn. pure custody mandates * According to swissbenchmarking Processing Benchmarking 2011 Market Access Memberships Market coverage Valoren Vontobel market access reaches over 50 countries which are offered in close partnership with our custodians Direct membership in 12 market exchange such as SWX, XETRA, Euronext, Eurex Vontobel covers 99% of the global bond markets and 97% of the securities* market Greatest securities universe in peer group with around instruments in all asset classes* * According to MSCI All Country Index * According to swissbenchmarking Processing Benchmarking 2011 Slide 13

14 IB Financial Products has unique selling propositions that set it apart Product range More than 100,000 products (CH & DE) in the investment and leverage segment; around 1,000 underlyings worldwide Quality standards Distribution & Listing CH & DE; support services throughout the value chain (before, during and after the term of the product); narrow spreads; high liquidity, smooth- running secondary market Expertise Recognized market leader in structured products; 120 experts worldwide in Advisory & Distribution, Risk Management Equities & FIRC, Engineering & Development Innovation Topical investment themes, products and services thanks to market proximity & high- end systems; market leader in products with reference bond; technology leader in the sector: first fully automated multi-issuer platform (deritrade ) Slide 14

15 Our services for external asset managers: Solutions provider for structured products deritrade Multi Issuer Platform Derinet derinews deritrade enables client advisors to independently structure products to suit their end-clients needs. Thanks to the Multi Issuer Platform, products of selected third-party issuers can be created and concluded in a matter of seconds via Vontobel deritrade. Participating issuers: derinet enables clients to search for derivative products suited to his or her risk profile and needs. It also provides access to product information and documentation. derinews is our monthly newspaper presenting the latest investment themes. Derinews livepaper is the first online financial newspaper in Switzerland. Slide 15

16 Manage assets actively Vontobel Asset Management Vontobel Asset Management is an active asset manager Vontobel Asset Management follows a specialist approach through a Multi-Boutique business model and specialises in 5 Investment Boutiques: - Quality Growth Equities - Multi Asset Class Investing - Fixed income - Alternatives - Global Thematic We focus our business model (products and services) on institutional clients and multipliers such as Consultants; the fund business will remain important by providing standardised access to our strategies for institutional and private investors Our distribution and client coverage follow a specialist and Boutique-focused model designed to access our target client segments worldwide We have a clear go-to-market strategy, based on client segmentation and market sizing for our boutiques Vontobel Asset Management is growing organically, but we regularly evaluate attractive M & A opportunities to scale the boutiques or add expertise or market coverage Slide 16

17 Vontobel Asset Management Quality Growth Equities Focus on high-quality companies with favourable growth prospects at sensible prices Six regional strategies Focus on global/emerging market equities AuM (CHF bn) 48.0 Multi Asset Class Investing Outcome Driven Investments (odi) products with robust portfolio construction and risk process Actively managed and broadly diversified Balanced and MAC products with global focus AuM (CHF bn) 14.5 Fixed income Global Thematic Investing Active bond management in order to achieve added value even in a difficult market environment Global investment solutions in fixed income with a particular focus on corporate bonds and emerging markets TwentyFour Asset Management 22.3 mtx investing in Global Leaders: regional strategies with integration of ESG criteria Global trends strategies cover the themes energy and resource scarcity Swiss Equities: Large, small and mid caps and high dividend yield strategies Alternatives 4.8 London-based fixed income specialist Focused on specialist strategies including asset backed securities, unconstrained fixed income and credit Absolute return strategies Research-driven risk premium strategies Actively-managed commodity strategies Hedge Fund Advisory 3.4 As at 31 December 2015 Note: PLF / Other AuM of CHF 2.7 billion for boutiques excluded above Slide 17

18 Your contacts Brian Fischer, Head EAM Tel Thomas Dettwyler, Head EAM Zürich Tel Marc Venti, Head EAM Genf Tel Franco Sammarchi, Head EAM Basel Tel Ivana Benedetti, Head EAM Lugano Tel Marion Ingold, Head EAM Internat. Tel Domenico Sottile, Head EAM Investment Advisory Tel Folie 18

19 Disclaimer This document was produced by Bank Vontobel AG (hereafter Vontobel ) with the greatest of care and to the best of its knowledge and belief. However, Vontobel provides no guarantee with regard to its content and completeness and does not accept any liability for losses which might arise from making use of this information. The opinions expressed in this document are those of Vontobel at the time of writing and are subject to change at any time without notice. If nothing is indicated to the contrary, all figures and data are unaudited. This document is provided for information purposes only. It does not constitute an offer or a recommendation to buy or sell financial instruments or banking services. This document may not be reproduced either in part or in full without the written permission of Vontobel. It is expressly not intended for persons who, due to their nationality or place of residence, are not permitted access to such information under local law. Copyright 2013 Bank Vontobel AG and/or its affiliates. All rights reserved. Slide 19