Zürcher Kantonalbank to acquire cosmofunding of Vontobel.

Zürcher Kantonalbank, a provider of banking and financial services, agreed to acquire cosmofunding of Vontobel, a holding company that operates as an investment bank. Financial terms are not disclosed. This decision reflects Vontobel’s commitment to sharpen its business portfolio, further aligning it with its investment-led strategy. As part of this agreement, cosmofunding’s employees, technology and customer relationships will be transferred to Zürcher Kantonalbank.