Christel Rendu de Lint and Georg Schubiger succeed Zeno Staub as co-CEO of Vontobel

3 October 2023

• Handover at the turn of the year 2023
• Georg Schubiger and Christel Rendu de Lint remain Head Wealth Management and Head Investments respectively
• Marko Röder, Head Asset Management, is aiming for a new role in 2024

Georg Schubiger, Head Wealth Management, and Dr. Christel Rendu de Lint, Head Investments, will take over the management of Vontobel as Co-CEO on January 1, 2024. Vontobel’s Board of Directors decided this on October 2, 2023 as part of the professional succession process for Zeno Staub. Vontobel announced on May 24, 2023 that after 22 years at Vontobel, including 20 years as a member of the management board and 12 years as CEO, Zeno Staub would like to resign his mandate by the next general meeting on April 9, 2024 at the latest in order to become more involved to engage with Swiss civil society. In addition to their duties as co-CEO, Christel Rendu de Lint and Georg Schubiger will continue to lead the Investments division and Wealth Management, respectively.

“With Georg Schubiger and Christel Rendu de Lint, we have chosen a line-up that corresponds exactly to the profile on which the succession process was based with internal and external candidates. Both represent our focused strategy as a globally operating, customer-centric investment house with strong Swiss roots and our Lighthouse Ambition 2030. Christel Rendu de Lint and Georg Schubiger have played an important role in the implementation of the strategy and the Lighthouse Ambition 2030 in recent years. Neither of them have to familiarize themselves with Vontobel. You know our customers, their expectations and the employees from their daily work. The CVs of Georg Schubiger and Christel Rendu de Lint stand for competence, many years of investment know-how, international experiences with customers and markets and Swissness. Both have lived Vontobel’s values ​​and assumed responsibility throughout their careers. And ultimately, both are characterized by a collaborative leadership style. Flat structures and collaboration also characterize the collaboration with our customers and within our teams. The Board of Directors and I look forward to continued successful collaboration with Christel Rendu de Lint and Georg Schubiger,” said Andreas EF Utermann, Chairman of the Vontobel Board of Directors. Flat structures and collaboration also characterize the collaboration with our customers and within our teams. The Board of Directors and I look forward to continued successful collaboration with Christel Rendu de Lint and Georg Schubiger,” said Andreas EF Utermann, Chairman of the Vontobel Board of Directors. Flat structures and collaboration also characterize the collaboration with our customers and within our teams. The Board of Directors and I look forward to continued successful collaboration with Christel Rendu de Lint and Georg Schubiger,” said Andreas EF Utermann, Chairman of the Vontobel Board of Directors.

“Vontobel aims to be one of the leading and most respected global investment firms by 2030. Georg Schubiger and I will continue to work on this goal together with all employees in all of our focus markets in the future. As a customer-centric investment house that stands for excellent investment know-how and customer service, we are ideally positioned for the future. Our investment and product expertise is at the core of our company; it enables our customers to realize their ideas for the future. It won’t be about strategically turning things upside down, but about wanting to get better every day for our customers and our investors. This is our shared task and I’m looking forward to it,” says Christel Rendu de Lint,

“As a globally active financial expert with Swiss roots with a family and a charitable foundation as the majority owner, we think and act in the long term for our customers and our shareholders. What sets us apart is that we remain focused on the future even in difficult times and always look for the best option. We specifically use the technological possibilities for high-quality, tailor-made customer solutions. We are focused on what we can do. And we can do what we do. Vontobel pursues a capital-preserving, focused business model with a conservative risk profile. We will continue to do so in the future. We are sticking to our long-term and medium-term goals that we presented in November 2022. This is what we stand for as a team with all of our more than 2,000 employees worldwide,”

Zeno Staub will be available to the new co-CEOs until the general meeting in April 2024 for a professional handover.

“I am pleased that, after a good two decades of management responsibility at Vontobel, I will be able to pass on the baton to Christel Rendu de Lint and Georg Schubiger at the end of the year. I have been able to work closely and trustingly with both of them for years. Both represent what Vontobel is all about. Expertise, team spirit and the willingness to take responsibility. I will be happy to support both of them in taking on the additional role in the coming weeks and months, as CEO until the end of the year and as employees of Vontobel from January 1, 2024 until the general meeting,” says Zeno Staub, CEO Vontobel.

“Under the leadership of Zeno Staub, Vontobel can look back on more than 20 successful years. Vontobel has developed into a leading, focused and therefore successful Swiss investment house that supports its customers with its global investment expertise. “I would like to thank Zeno Staub on behalf of the Board of Directors and also personally for the trusting cooperation and great commitment,” said Andreas EF Utermann.

The appointment of Georg Schubiger to the Executive Committee of Vontobel Holding AG and the appointment of Christel Rendu de Lint and Georg Schubiger as co-CEOs of Vontobel Holding AG and Bank Vontobel AG are subject to the approval of the regulator.

Marko Röder, Head Asset Management, is aiming for a new role in 2024

Marko Röder has informed the Board of Directors that for personal reasons he would like to give up his current role as Head Asset Management in 2024 and take on another role, within or outside Vontobel. Marko Röder took over the management of Asset Management in 2021 and, as Head of Sales for more than 10 years, has already expanded Vontobel into a globally diversified provider of actively managed investment solutions for asset management customers.

“I would like to thank Marko Röder on behalf of the Board of Directors today for his major contribution to the company’s development. He is one of the designers at Vontobel. Under his leadership, Vontobel has become a global, focused provider of diversified, actively managed investment solutions for institutional investors. I would also like to thank Marko Röder for his full commitment to his task until we have arranged the successor. We have already started a professional process for this, involving internal and external candidates,” says Andreas EF Utermann.

Source: Vontobel