• Vontobel’s Strategic Response to Profit Decline: Cost-Cutting and New Ventures

  • Feb 8 2024
  • Length: Less than 1 minute
  • Podcast

Vontobel’s Strategic Response to Profit Decline: Cost-Cutting and New Ventures

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  • Summary

  • Vontobel Holding, the esteemed Swiss private bank and asset manager, has recently announced a decrease in their full-year net profit by 6.5%. In response, they are implementing significant cost-cutting measures and engaging in new business ventures, including a minority stake in Ancala. This development has implications for the financial market and investors.
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