Vontobel completed the acquisition of Swiss Financial Advisers business of UBS.

Vontobel, a holding company that operates as an investment bank, completed the acquisition of Swiss Financial Advisers business of UBS, a multinational investment bank and financial services company. Financial terms were not disclosed. “In view of global developments, Vontobel is strengthening its focus on large and established markets that have a significant number of discerning clients who are seeking a globally active investment advisor. The US continues to rank as the world’s largest investment market with many wealthy clients who want to diversify their portfolios geographically and are therefore looking for high-quality advice,” Georg Schubiger, Vontobel Head Wealth Management.