ZURICH (Reuters) - Swiss private bank Vontobel (S:VONN) on Monday announced leadership changes and said its results through the first 11 months exceeded those of a year ago.
Roger Studer, the head of investment banking, will focus on non-operational duties from 2020, Vontobel said in a statement. General counsel Enrico Friz will become a member of Vontobel's executive board starting Jan. 1.
Advised client assets rose to 225 billion Swiss francs (175 billion pounds) at the end of November, helped by net new money growth of 7%.