ANZ executes strategic alliance with leading Swiss bank Vontobel
ANZ today announced the formalisation of its strategic alliance with leading Swiss private bank, Vontobel, with the signing of a Co-operation Agreement that will enable ANZ to offer its private clients a distinct proposition through exposure to Vontobel’s differentiated investment and product expertise.
Set for an initial period of five years, the alliance with Vontobel will provide ANZ’s clients with access to sophisticated investment solutions. Additionally, Vontobel will act as an advisor to ANZ’s Global Wealth business in the areas of global asset allocation and equity investing.
ANZ Global Wealth CEO Joyce Phillips said: “Through our alliance with Vontobel we will provide our clients across the Asia Pacific region with world-class investment and asset allocation solutions, which includes expertise and capability in global asset allocation, equity investing, and sophisticated client advisory services.”
Vontobel CEO Zeno Staub added: “This alliance with ANZ positions our company as an active wealth and asset manager with a high level of investment and product expertise in a region that is experiencing very dynamic growth.
” Full capabilities are expected to be made available to clients in 2014. In the interim, ANZ and Vontobel will focus on implementing services and training staff in Asia, Australia and New Zealand.
The ANZ-Vontobel Co-operation Agreement follows the signing of a Memorandum of Understanding between ANZ and Vontobel in late 2012.