Vontobel Pushes The Mobile Private Banking App Trend With Asia Launch

Tom Burroughes

5 November 2015

Swiss wealth management house , which recently updated markets on its financial performance, has launched a mobile private banking app for clients in China and Hong Kong.

The app gives clients access to portfolio and wealth management services using smartphones and tablets. The app initially provides clients with a live view of their portfolio and executed transactions, up-to-date stock exchange quotes, a detailed asset analysis and the ability to speak live to their relationship manager through encrypted instant messaging.

Vontobel first introduced the app in its Swiss home market in February. The firms said it will gradually implement additional functions across its app in Asia, such the ability to trade securities, and more.

The wealth manager has been present in Asia since 2008.

A few days earlier, Vontobel reported that in the third quarter of 2015 it “performed well” amid uncertainties in emerging markets, falling equities and high volatility. Client assets under management reached SFr142 billion ($143.9 billion) at the end of September, in line with the middle of the year. The firm operates in a number of regions, including Asia and the Americas. A “strong and broad-based inflow of new money of SFr7.3 billion” has been logged since the start of 2015, the firm said in a statement. Wealth and asset management attracted total net new money of SFr900 million.