Press Release of December 10, 2013

• Vontobel participates in US Program as a Category 3 financial institution

   

   

  The Swiss wealth manager Vontobel will participate as a Category 3 institution in the US Program, which was negotiated between Switzerland and the United States of America with the aim of resolving the tax dispute for the entire financial sector. Category 3 financial institutions have by definition not committed any US tax-related offences and are exempt from having to pay penalties.

   

  Vontobel future-proofed its business model for US private clients at an early stage, and proactively implemented appropriate measures to establish a viable business model. For example, sustainable measures were put in place from as far back as 2008 onwards. In particular, all US private clients served by Vontobel were as a result transferred to ‘Vontobel Swiss Wealth Advisors’, a dedicated subsidiary set up for this purpose and registered with the SEC. Vontobel has already been operating its asset management and brokerage business with US clients via SEC-registered business units since the early 1980s.

   

   

  Contacts

   

  Media Relations:	Reto Giudicetti	+41 (0)58 283 61 63
  Investor Relations:	Susanne Borer	+41 (0)58 283 73 29