External Asset Managers. Performance creates trust

Transcription

1 2015 External Asset Managers Performance creates trust

2 Slide 2 The future is founded on tradition Bank Vontobel's first-floor offices at Bahnhofstrasse 58 in Zurich in the 1930s Brokerage firm established Jakob Vontobel takes over the brokerage firm Haeberli & Cie. and establishes the limited partnership J. Vontobel & Co Introduction of private banking services The son of Jakob Vontobel, Dr. Hans Vontobel, joins the company New wealth management units established Asset managers begin serving private and institutional clients Establishment of Vontobel USA Inc. in New York Vontobel Holding listed on Zurich stock exchange Bank Vontobel Europe AG obtains full banking licence for Germany - Vontobel acquires Commerzbank (Schweiz) AG Opening of branches in Basel and Berne - Founding of Vontobel Swiss Wealth Advisors Ltd. in Zurich Opening in Dubai Branch Opening in Singapur and Hongkong Opening in Dallas and Sydney Head office: Gotthardstrasse 43 in Zurich; operations in 20 other international locations

3 The 7 convincing reasons for an External Asset Manager to work together with Vontobel Slide Thorough soundness, independence, and and no conflicts no conflicts of of interest 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 out-standing 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

4 Slide 4 Vontobel: Tradition and entrepreneurial independence Vontobel highlights Stable family shareholder base 90 years independence Listed on Swiss Stock Exchange since 1986 Publicly held 33.0% 11.5% Vontobel families (shareholder pooling agreement) Three business units - Private Banking - Asset Management - Investment Banking Key facts ( - Total client assets: CHF bn - Employees: around Equity: CHF 1.41 bn - BIS tier 1 capital ratio: 21.3% As at % Shares in the pooling agreement Unlocked shares of the main shareholders 27.0% 1.0% 12.5% 15.1% Vontobel Foundation and Pellegrinus Holding (shareholder pooling agreement) 27.0% Unlocked shares of the main shareholders Vontrust family holding (shareholder pooling agreement) Vontobel Group and executive members (shareholder pooling agreement) As of 27 August 2014, Vontobel Holding AG had repurchased the 12.5% stake (8.125 million registered shares of Vontobel Holding AG) held by Raiffeisen Switzerland in connection with the cooperation agreement. The cancellation of these shares will be proposed to the General Meeting of Shareholders of Vontobel Holding AG on 28 April The majority of votes and capital are held by the Vontobel families and the shareholder pool. Shareholder structure as of 31/12/14

5 Slide 5 Serving you at 21 locations worldwide Our employees around the world work closely to create sustained added value for our clients and business partners. Facts and figures Total client assets: CHF bn Employees: around 1,400 Shareholders' equity: CHF 1.41 bn BIS tier 1 capital ratio: 21.3% Independent for 90 years 21 locations worldwide As of

6 Slide 6 External Asset Managers within Investment Banking Vontobel EAM: No conflict of interests. You are our client! Financial Products Private Private Banking Banking Vontobel Asset Management Asset Management Investment Banking Transaction Banking External Asset Managers Brokerage Corporate Finance

7 Slide 7 Our services for external asset managers: Personal support through experienced team Vontobel EAM: The experts for external asset managers 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 Investment Advisory Swift support for you and your clients needs Access to our Vontobel specialists

8 Slide 8 Our services for external asset managers: Proximity to the capital markets Vontobel EAM: The partner for external asset managers 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

9 Slide 9 Our services for external asset managers: Dedicated IT-Platform 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

10 Slide 10 Our services for external asset managers: Reliable trading and information systems Modern infrastructure 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. Exchange trading Client management Monitoring 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

11 Slide 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 Services Media 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). Bank Vontobel offers a wide range of daily, periodical and ad-hoc research publications. 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

12 Slide 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 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. Regular contacts from our analysts Proactive and regular contacts from our analysts concerning individual stocks or industries.

13 Slide 13 Our services for external asset managers: Best Execution Services Trading Volume Vontobel processes yearly over 5.5 m. orders over its own trading platform Clients Vontobel processes all the orders for its private and institutional clients as well as for all external asset managers Clearing Highest STP-Rate in peer group (>98%)* Highest securities clearing efficiency* * According to swissbenchmarking Processing Benchmarking 2011 Custody Volume Custody volume of around CHF bn. of which CHF 53.8 bn. pure custody mandates Transaction Banking Market Access Vontobel market access reaches over 50 countries which are offered in close partnership with our custodians Memberships Direct membership in 12 market exchange such as SWX, XETRA, Euronext, Eurex Market Coverage Vontobel covers 99% of the global bond markets and 97% of the securities* market Valoren Greatest securities universe in peer group with around instruments in all asset classes* * According to swissbenchmarking Processing Benchmarking 2011 * According to MSCI All Country Index

14 Slide 14 Our services for external asset managers: Solutions provider for structured products Broad Offering Quality Expertise Innovation Approx. 94,000 products (Switzerland/Germany) Of which approx. 60,000 leveraged products and approx. 34,000 structured products Approx. 700 underlyings Narrow spreads High liquidity One of Europe s leading providers Distribution of products via Scoach in Switzerland and Germany Distribution and listing in Switzerland and Germany Liquidity Solidity Secondary market Over 120 experts in Advisory & Distribution, Risk Management, Risk Management FIRC and Engineering & Development Outstanding contacts in the Swiss financial market Apart from structured products, we additionally offer a comprehensive range of services related to securities, forex and precious metals trading Repeated awards in surveys underscore our innovative and comprehensive range of products Leading position in the market for structured products in Switzerland First providers of COSI deritrade Multi-Issues Platform Structured products with reference bond

15 Slide 15 Our services for external asset managers: Solutions provider for structured products Asset Classes Product Categories Markets Market Share Equity Fixed Income Alternative Investments FX Commodities Funds Access deritrade Multi-Issues Platform SIX / Xetra Eurex / Euwax Leverage Participation Yield Capital Protection Switzerland Germany Austria VAE (Dubai) Singapore

16 Slide 16 Our services for external asset managers: Solutions provider for structured products Advisory & Distribution Superlative Services deritrade derinet derinews E-learning deritrade enables client advisors to independently structure products to suit their end-clients needs. 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. Our e-learning tool helps investors and other interested parties to understand the various types of derivative products and to find a suitable payout profile.

17 Slide 17 Vontobel Asset Management Manage assets actively Multi Boutique - Approach We believe in active management to exploit market trends and inefficiencies for the benefit of our clients We pursue investment approaches to protect and grow our clients assets, through a robust portfolio construction and the awareness of risks We are convinced that our specialization in clearly defined investment strategies creates added value for the client We rely on clear responsibilities, conviction and small, flexible teams and see this as the prerequisite for a strong performance culture We believe that our client and support units must have in-depth product knowledge in order to understand our clients needs

18 Slide 18 Focus on clearly defined investment strategies Quality Growth Equities Focus on high-quality companies with favorable growth prospects at sensible prices Six regional strategies Focus on Global/Emerging Market Equities AuM (CHF bn) 47.5 Global Thematic Investing Sustainable Leader concept with integrated ESG criteria Swiss Dividend Yield and Small/Mid Cap strategies Thematic Strategies covering energy and resources AuM (CHF bn) 4.4 Multi Asset Class Investing Outcome Driven Investment products with robust portfolio construction and risk process Actively managed and broadly diversified Balanced and MAC Products with global focus AuM (CHF bn) 13.7 Alternatives Liquid Alternative strategies Actively-managed commodity strategies Hedge Fund Advisory AuM (CHF bn) 3.4 Fixed Income Emerging Market specialist with proprietary Probability of default -model Credit specialist with very successful bottom-up selection process Swiss & Global strategies focused on duration management AuM (CHF bn) 12.0 As at

19 Slide 19 Your contacts Brian Fischer, Head EAM Tel. +41 (0) Thomas Dettwyler, Head EAM Zurich Tel. +41 (0) Marc Venti, Head EAM Genf Tel Florian Stürchler, Head EAM Basel Tel. +41 (0) Marion Bolli, Head EAM International Tel. +41 (0)

20 Slide 20 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.

21 Performance creates trust Slide 21