Vontobel : For the second consecutive year, Vontobel in Germany has received the rating "very good" by the investors’ magazine €uro

The award is testimony to the strength of Vontobel Private Banking as a specialist for active wealth management and to the consistently high quality of its advisory service in its core market Germany.

Investor magazine €uro conducted the annual private banking test for the eighth consecutive year on the basis of mystery shopping research carried out in Germany in collaboration with the renowned Munich-based Institut für Vermögensaufbau (IVA). The investment proposals of 18 banks were factored into the evaluation. After being rated 'very good' in 2014, Vontobel once again received the highest possible rating. This year the branch office in Frankfurt was tested, after the Hamburg branch office in the previous year.

The mystery shopping was carried out using a test client pretending to be an auditor and tax advisor of a fictitious medium-sized equity holding company. The test client claimed the company had EUR 8 million in proceeds from the disposal of a corporate investment in the Internet sector and was in search of an aggressive securities investment. The assessment looked at how well the investment proposal, drawn up and presented by Jürgen Schlauss and Hans Joachim von Wirth and featuring a high equity allocation, was aligned with the client's needs, at its costs and at the interaction of the Vontobel client advisor with the client. Vontobel was assigned positive ratings in all categories and was even one of the most cost-effective providers.

Roland Rötheli, Head of Vontobel Private Banking Germany, Austria, UK & Nordics, congratulated the team on the very good rating and on their advisory service: 'We uniquely combine Swiss expertise with the skills of a global financial institution. The fact that we once again delivered an excellent performance in this year's €uro test is evidence of the outstanding and consistent quality of the advisory service provided by our asset management team and of our efforts to always exceed our clients' expectations - at all of our locations in Germany.'

Contact:

Media Relations:	Rebeca Garcia	[phone]
Investor Relations:	Michel Roserens	[phone]