Vontobel trading income falls, demand for structured products falters

Vontobel posted a profit before tax of CHF262.7m (US$298m) in 2023, down two percent year-on-year (YoY). In 2023, Vontobel achieved a solid set of results against a mixed market backdrop, which caused clients to remain on the sidelines - Christel Rendu de Lint, co-CEO In a challenging market environment, particularly for active asset managers, demand for structured investment solutions decreased further in 2023, the company stated. Advised client assets, which include structured products, r