Vontobel CEO Staub Warns of Geopolitical, Interest-Rate Risks

The video discusses the growth in asset management, highlighting a 9.6% annualized growth from net new money with stable margins. It emphasizes the success of high conviction products across various channels and markets. The second half of the year presents risks due to geopolitical tensions and low interest rates, but no specific concerns are highlighted. Negative interest rates are not a major issue for the company, as they focus on wealth management rather than banking. Future inflows are expected to remain strong in asset management, while wealth management faces challenges due to integration processes.

What is the main reason for the strong growth in the asset management division?

• Focus on passive investment products

• Increased interest rates

• High conviction active asset management strategies

• Reduction in geopolitical tensions

What are some of the risks mentioned for the second half of the year?

• Rising inflation rates

• Geopolitical tensions and low interest rates

• Increased competition from new market entrants

• Technological disruptions in asset management

How does the company view its role in wealth management concerning negative interest rates?

• As an investment advisor and partner

• As a primary bank for cash deposits

• As a passive fund manager

• As a lender of last resort

What is the company's outlook on the demand for actively managed solutions?

• Demand is expected to decline

• Demand is shifting towards passive solutions

• Demand remains strong

• Demand is unpredictable

What challenge did the wealth management division face that affected inflows?

• Regulatory changes in the market

• High competition from other firms

• Lack of client interest in new products

• Integration processes from the previous year