Annual Reports 2011 V ontob el Group - Vontobel Holding AG

Vontobel Gorup's balance sheet. The liabilities resulting from this business totalled
CHF 7.7 bn, compared to CHF 9.3 bn in the previous year.
Of the total regulatory capital of CHF 664.1 mn (31-12-10: CHF 625.1 mn) required
under BIS rules, 50% was allocated to Investment Banking.
Allocation of regulatory
capital required
Operational Goodwill
Credit risks Market risks risks
etc. Total
CHF mns CHF mns CHF mns CHF mns CHF mns
Private Banking 22.1 0.0 34.9 74.5 131.5
Investment Banking 22.3 135.3 49.5 125.9 333.0
Asset Management 5.0 0.0 29.7 66.1 100.8
Corporate Center 40.3 53.5 5.0 0.0 98.8
Total 89.7 188.8 119.1 266.5 664.1
The two rating agencies Standard & Poor’s and Moody’s continue to rate the longterm
debt of Bank Vontobel AG as A+ and A1, respectively. They assigned Vontobel
Holding AG a rating of A and A2, respectively. These ratings confirm the recognized
financial strength and solidity of the Vontobel Group.
Strong growth in the emerging markets
In the year under review, Vontobel has made impressive progress in its growth
markets of the US and the emerging markets recording strong inflows of new money.
Client assets from these regions now total over CHF 20 bn, compared to CHF 14 bn
at the end of 2010, corresponding to an excellent growth rate of 43%. This shows
that the Vontobel Group is succeeding in establishing a foothold in dynamic growth
markets and in tapping into new sources of earnings.
Client assets by client domicile at 31 December 2011
Home
market Focus markets
Review of business activities
Other
markets Total
CHF bns Switzerland Germany Italy US
Emerging
Markets
Assets under management 36.7 6.9 2.7 10.7 9.5 15.7 82.2
Custody assets 40.6 0.2 0.3 – – 0.6 41.7
Structured products outstanding 7.0 0.7 – – – – 7.7
Total client assets 84.3 7.8 3.0 10.7 9.5 16.3 131.6
Vontobel Group, Annual Reports 2011 31