FY2019: Vontobel defends market share despite ‘fierce’ competition

Vontobel has reported a net profit of CHF265.1m (US$271.5m) for full year 2019, an increase of 14% compared to the prior year. In 2019, the Vontobel Financial Products business – one of the leading providers of investment and leverage products – managed to defend its market share on the exchanges despite ‘increasingly fierce’ competition. Measured in terms of exchange-traded volumes in the target segment, it reported a market share of 32% in Switzerland, relatively stab