– SWITZERLAND, Zurich – Vontobel Holding AG (SWX: VONN) today announced the nominations of Andreas Utermann and Dr. Michael Halbherr for election to the Board of Directors of Vontobel Holding AG and Bank Vontobel AG, at the AGM of April 20, 202.
“We are very pleased that Andreas Utermann and Michael Halbherr have agreed to stand for election to the Board of Directors. The skills profiles of both individuals represent an excellent fit for Vontobel, with our long-term strategic focus as a client-centric investment firm that has defined investment expertise and technology as key competencies driving its future success.” said Board Chairman, Herbert Scheidt.
It is intended that Andreas Utermann will be proposed for election as the Chairman of the Board of Directors of Vontobel Holding AG and Bank Vontobel AG at the General Meeting of Shareholders 2022.
Herbert Scheidt added: “Andreas Utermann has extensive global business experience and deep investment and financial knowledge, which he acquired in his various management positions in the asset management industry. Michael Halbherr is a recognized expert with proven leadership experience in the areas of technology and innovation. These two individuals who are being proposed for election as new members of the Board of Directors will support the Board of Directors with their valuable expertise and their long and diverse management experience – thus further strengthening Vontobel’s leadership role in the area of investing and in fostering data-driven innovation.
The company also announced that Frank Schnewlin, after many years as a Vontobel Board member, has decided to step down from the Board of Directors of Vontobel Holding AG and Bank Vontobel AG at the AGM of April 20, 2021. The Board of Directors has benefited from his vast entrepreneurial experience and his extensive knowledge of international financial markets since 2009.
Having served as Vice-Chairman since 2012, he has also supported the Board of Directors in many challenging situations. Due to his considerable expertise – particularly of risk and capital planning topics – Frank Schnewlin also served as Chairman of the Risk and Audit Committee from 2009 to 2019. In this role, he always challenged the status quo and further evolved Vontobel’s risk management.
“Frank Schnewlin worked closely alongside me for many years as Vice-Chairman of the Board of Directors and as Chairman of the Risk and Audit Committee – providing me with outstanding support thanks to his vast knowledge of financial markets and risk management. Acting with foresight, he handed over the role of Chairman of the Risk and Audit Committee to David Cole in 2019 and worked closely with him to ensure a smooth transition. We owe Frank Schnewlin considerable thanks and we wish him all the very best for this new phase in his life.” said Board Chairman, Herbert Scheidt.
About Andreas Utermann
Andreas Utermann joined Allianz in 2002, where he initially shaped the development of a global multi-boutique organization in Asset Management. From 2012, he successfully managed Allianz Global Investors – a global investment company – for eight years, serving first as Co-Head and Global Chief Investment Officer and later as CEO from 2016 to 2019.
Before that, he spent 12 years in various functions at Merrill Lynch Investment Managers.
Andreas Utermann holds a Bachelor of Science from the London School of Economics and Political Science and a Master of Arts in Economics from the Katholieke Universiteit Leuven.
About Dr. Michael Halbherr
Michael Halbherr focuses primarily on promising technology start-ups in his roles as a Board member, entrepreneur, and investor. He served as CEO of the HERE (card services) division of Nokia Corporation and part of Nokia’s Executive Board until 2014.
Before that, he built up the Berlin-based start-up gate5 – a pioneer in the area of mobile location-based services – in his role as CEO and he successfully sold the business to Nokia in 2006. Michael Halbherr has also held management positions in various companies, including Boston Consulting Group.
He began his career as a postdoctoral researcher at the Massachusetts Institute of Technology and he holds a Ph.D. in Electrical Engineering from the Swiss Federal Institute of Technology (ETH) Zurich.
About Vontobel
At Vontobel, we actively shape the future. We create and pursue opportunities with determination. We master what we do – and we only do what we master. This is how we get our clients ahead. As a globally active investment manager with Swiss roots, we specialize in wealth management, active asset management, and investment solutions. We harness the power of technology to deliver a high-quality, individual client experience and to deploy our investment expertise across multiple platforms and ecosystems. We empower our employees to take ownership of their work and bring opportunities to life. We do so based on the conviction that successful investing begins with the assumption of personal responsibility. We continuously scrutinize our achievements as we strive to exceed the expectations of our clients. The registered shares of the Vontobel Holding AG are listed on the SIX Swiss Exchange. The Vontobel families’ close ties to the company guarantee our entrepreneurial independence. We consider the resulting freedom as an obligation to also assume our social responsibility. As of December 31, 2020, Vontobel held CHF 312.2 billion of total client assets. Around the world and in our home market, we serve our clients from 26 locations.
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