Vontobel has welcomed Stefan Loacker to its board of directors after board veteran Nicolas Oltramare chose to forgo re-election, according to a summary of the 2018 general shareholder meeting.
Loacker is a non-executive director of Swiss Life Group’s board of directors, as well as an advisory board member for online insurance broker Anivo. Before founding Delos Management in 2016, he held CEO positions for Helvetica Group and Helvetica Austria.
Loacker will be filling a space left by Oltramare, who has decided not to stand for re-election after five years on the board. As of 18 April 2018, Oltramare will instead serve as a member of the Vontobel advisory council.
Herbert J. Scheidt has been re-elected as chairman and will serve for another year.
Vontobel CEO Zeno Staub also placed emphasis on Vontobel's 2018 growth plans following its 2017 performance, the summary revealed.
'We will continue on our growth path in 2018 and further expand our market share in key markets,' said Staub, adding that the first few days of the second quarter have reinforced Vontobel's confidence in the future.
'Short-term setbacks on the stock markets have not pushed us off course. We are investing in our future, focusing on sustainable growth and striving for profitability.'
Assets under advisement rose to a record CHF 189.4 billion at the end of 2018, up nearly CHF 3 billion from the end of 2017.