Annual Reports 2011 V ontob el Group - Vontobel Holding AG

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In addition, Vontobel Asset Management manages sustainability and theme funds with a volume of CHF 2,124 mn of assets on behalf of cooperation partners such as Raiffeisen. Through its participation in responsAbility, an organization specializing in social investments and microfinance investing, Vontobel also supports the provision of microfinance funds and other innovative financial products. Sustainable and theme funds managed by Vontobel 2011 2010 2009 Volume of sustainable funds (in CHF mns) 2,409 2,470 1,601 Volume of theme funds (in CHF mns) 418 527 750 Vontobel offers private clients a type of portfolio management mandate that takes account of sustainability criteria and is broadly diversified across various asset classes. Three different investment strategies are available. Unlike other forms of portfolio management, all of the investments undergo a clearly defined sustainability review. This gives investors the opportunity to participate in the success of sustainable companies and to combine their personal values with their investment activities. Investment Banking offers a variety of structured products that focus on sustainability themes. In 2011, Vontobel Financial Products launched a new certificate on the theme of press freedom that is based on an investment in a media development loan fund. It also launched a product that focuses on diversity within the management teams of companies – a factor that studies have shown to be a success factor. The 'Top Executive Women' basket consists of shares in firms in which women are well represented in the executive management or Board of Directors. Sustainable investments 2011 2010 2009 Volume of sustainable investments (in CHF mns) 1 3,755 4,066 3,176 Share of sustainable investments (in % of AuM) 2 4.0 4.8 3.6 1 Including volume of structured products 2 Excluding volume of structured products The volume of sustainable investments managed by the Vontobel Group declined by 8% compared to the previous year which was mainly caused by decreasing share prices. Measured as a proportion of total assets under management (AuM), this corresponds to a reduction of 0.8 percentage points. Clients who wish to use part of their wealth to promote worthwhile causes can lend their support to projects that focus on social issues, culture, ecology, education or medicine through Bank Vontobel’s charitable foundation. In 2011, the foundation made donations to various organizations that create employment for disadvantaged people. The different projects aim to provide these individuals with enough professional qualifications to facilitate their integration into the labour market. Two institutions that benefited during the year under review were the 'Verein Sorebo', which offers a total of 24 integration and training places in two catering businesses in Zurich Sustainability at the Vontobel Group Vontobel Group, Annual Reports 2011 15
Sustainability at the Vontobel Group 16 Vontobel Group, Annual Reports 2011 Oberland, as well as the Stiftung Wetterbaum in Frauenfeld, which creates jobs in various areas for the long-term unemployed. In the field of medicine, one of the organizations supported by the charitable foundation was 'Onko Family Care' in Küsnacht – an association that provides free support and advice to families with a child or parent suffering from cancer, as well as training volunteers to assist such families. Focus on employees The Vontobel Group counts on the skills and expertise of its 1,487 employees, who work in 6 different locations in Switzerland and 16 locations internationally. During the year under review, Vontobel's headcount rose by 5% to a total of 1,487 employees, which corresponds to 1,413.4 full-time equivalents. In addition to these members of staff with permanent contracts, a total of 81 temporary employees worked for Vontobel as of the end of 2011. These individuals have fixed-term contracts or are available on an 'on call' basis to assist the company when needed. Number of employees by domicile Number of women Number of men Total 31-12-11 31-12-10 Number of women Number of men Total Switzerland 379 822 1,201 382 779 1,161 Germany 36 48 84 37 41 78 United Kingdom 2 7 9 2 5 7 Italy 9 16 25 7 15 22 Liechtenstein 9 5 14 8 5 13 Luxembourg 6 6 12 4 6 10 Austria 35 25 60 32 24 56 Spain 0 1 1 1 2 3 USA 16 34 50 15 34 49 Hong Kong 2 6 8 3 3 6 U.A.E 5 13 18 2 6 8 Sweden 1 2 3 1 2 3 Cayman Islands 1 1 2 1 1 2 Total 501 986 1,487 495 923 1,418 Numbers include trainees Vontobel's workforce is very diverse in many respects – including in terms of the nationalities, gender and age of its employees. The principle of non-discrimination is firmly enshrined in Vontobel's Code of Conduct. We actively foster a culture of diversity based on the belief that this is a positive factor that contributes to the success of our company. For example, a special workshop is on offer for managers at Vontobel with the aim of promoting diversity within teams and harnessing its benefits. When recruiting new employees, it is important to ensure that the appropriate candidates are selected to enhance the diversity of the workforce. The following tables show the various nationalities represented within Vontobel, the proportion of men and women at different levels of the company, the age structure of employees and their period of service.
Page 1 and 2: Vontobel Group Annual Reports 2011
Page 3 and 4: Ratios 31-12-11 31-12-10 31-12-09 3
Page 5 and 6: Shareholders’ letter 4 Vontobel G
Page 7 and 8: Shareholders’ letter 6 Vontobel G
Page 9 and 10: Vontobel Group 8 Vontobel Group, An
Page 11 and 12: Sustainability at the Vontobel Grou
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Page 27 and 28: Review of business activities Clien
Page 29 and 30: Review of business activities Net o
Page 31 and 32: Review of business activities 30 Vo
Page 33: Review of business activities 32 Vo
Page 36 and 37: Segment results Private Banking 31-
Page 38 and 39: Segment results Investment Banking
Page 40 and 41: Segment results Asset Management 31
Page 42: Segment results Corporate Center 31
Page 45 and 46: Information relating to Corporate G
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Information relating to Corporate G
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Information relating to Corporate G
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Consolidated income statement 70 Vo
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Consolidated balance sheet Assets 7
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Statement of equity CHF mns Share c
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Consolidated cash flow statement 76
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Notes to the consolidated financial
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1. Risk policy A conscious and prud
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2.2 Market risks related to Investm
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Interest rate risk Notes to the con
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3. Liquidity risk and refinancing L
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The Vontobel Group bases the manage
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The breakdown of credit exposures b
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5. Operational risks 5.1 Definition
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4 Comprehensive income from financi
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36 Off-balance sheet information No
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40 Future liabilities for finance l
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45 Other employee benefits payable
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To the General Meeting of Vontobel
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Vontobel Holding AG Review of busin
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Vontobel Holding AG Income statemen
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Vontobel Holding AG Balance sheet A
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Vontobel Holding AG Shareholders’
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Vontobel Holding AG Proposal of the
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Vontobel Group, Annual Reports 2011
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Switzerland Zurich Vontobel Holding
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Annual Reports 2011 V ontob el Group - Vontobel Holding AG

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