Vontobel to acquire the remaining 40% of TwentyFour Asset Management.

Vontobel, a bank, agreed to acquire the remaining 40% of TwentyFour Asset Management, a provider of investment management services. Financial terms were not disclosed. “From the very beginning, we have been impressed by TwentyFour’s expertise and entrepreneurial culture, as well as its continuous growth. The acquisition of the remaining 40% stake is therefore the logical next step in our diversification and growth strategy. I look forward to our ongoing collaboration with our colleagues at TwentyFour, who are all supportive of this acquisition,” Zeno Staub, Vontobel CEO.