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February 6, 2026 February 6, 2026 Full-year 2025 results Christel Rendu de Lint Co-CEO Georg Schubiger Co-CEO Jan Marxfeld Ad Interim CFO
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February 6, 2026 Executing on our priorities Christel Rendu de Lint Georg Schubiger Co-CEOs Agenda Financial performance Jan Marxfeld Ad Interim CFO Q&A 2
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Executing on our priorities
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February 6, 2026 Full-year 2025 – A successful year for Vontobel Strategic progress Integrated the Quantitative Boutique and divested cosmofunding to concentrate on core growth areas Captured organic and inorganic growth through strategic investments and acquisitions CHF 100 M efficiency program ahead of plan, structurally improving our cost/income ratio Financial results Significant net profit growth (+5% to CHF 280 M) despite lower rates and a weaker US dollar CHF 241 B AuM on strong flows in Private Clients and Institutional Clients Fixed Income Very strong capital position (19.7% CET1 ratio) enabling continued attractive CHF 3.00 dividend1 1 Proposed to the Annual General Meeting of Shareholders 2026. 4
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February 6, 2026 80 100 120 140 160 Global equities Global bonds Market backdrop – Dual headwinds of lower interest rates and a weaker US dollar Government bond yields 2Y and 10Y government bond yields, % Equity and bond markets MSCI ACWI, BBG Global Aggregate, Indexed Source: Bloomberg. 2024 2025 -1.0% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% USD (2 year) US (10 year) CHF (2 year) CHF (10 year) FX rates Nominal broad effective FX rates, Indexed 90 95 100 105 110 CHF USD 2024 2025 2024 2025 5
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February 6, 2026 Clear strategy and priorities for long-term growth We are an active investment firm serving two complementary client segments 6 Our priorities leverage our core strengths We deliver value to our clients through advice, active management and customization We deliver on our efficiency goals We grow profitably in Private Clients and Institutional Clients Investment Solutions Private Clients Institutional Clients 6
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February 6, 2026 Private Clients – Continued strong performance Strong growth 596 705 738 759 241 205 278 307 2022 2023 2024 2025 of which: Structured Solutions 837 910 1,017 1,066 +8% Strict market focus >75% of assets in developed and western markets 7 2023 Net new money growth adjusted (CHF 2.1 B) for net outflows from the accelerated implementation of our strategic priority to focus on a strict set of developed markets, refer to the Business Review section of the Annual Report 2023 for detail. Assets under management by client domicile as of 31.12.2025. Small lending book Comprising Swiss mortgages and liquid Lombard 76% 24% Other markets Switzerland North America UK Italy Germany Other selected EU markets Operating income, CHF M Net new money growth, % 5.7% 4.7% 5.2%5.6% CHF 125 B 7.5 6.3 6.2 7.9 8.0% 6.4% 5.6% 6.3% 2022 2023 2024 2025 Loans, CHF B Loans, in % of Private Clients AuM
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February 6, 2026 Institutional Clients – Driving growth through disciplined execution Accelerating commercial traction of strong track record funds Winning with large institutions 8 +16% +5% +5% +5% +4% +3% +2% +1% +1% 0% −1% −1% −2% −2% −2% −2% −3% −3% −3% −7% −8% −11% −18% −24% −24% Firm A Firm B Vontobel Firm C Firm D Firm E Firm F Firm G Firm H Firm I Firm J Firm K Firm L Firm M Firm N Firm O Firm P Firm Q Firm R Firm S Firm T Firm U Firm V Firm X Firm Y Effective distribution capabilities Active fund market growth vs industry peers1,2 Jan 2025 to Nov 2025, % Multi Asset Pension Fund in New Zealand +0.6 B mtx – EM Leaders ex China Pension Fund in USA +0.5 B Swiss Bond Bank in Switzerland +0.4 B Swiss Equity Foundation in Switzerland +0.2 B Global Environmental Change Pension Fund in USA +0.1 B Credit Opportunities +1.8 B Emerging Markets Debt +1.4 B Sustainable Swiss Equity Income Plus +1.2 B Strategic Income +0.8 B Monument Bond (ABS) +0.4 B 1 Broadridge European and cross-border active fund flows excluding money market funds and fund of funds. 2 Firms comprising Baillie Gifford, Fidelity, Goldman Sachs, Ashmore, Jupiter, Swisscanto, M&G, Nordea, JP Morgan, PIMCO, Vontobel, Schroders, Morgan Stanley, Janus Henderson, Pictet, UBS, New York Life, Amundi, Comgest, Sun Life, DWS, Fundsmith, Flossbach von Storch, Robeco and Aberdeen.
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February 6, 2026 Investment Solutions – Combined NNM growth of 6.7% across 4 out of 6 boutiques 9 Supported by strong performance % of assets in 1st and 2nd quartiles1,2 Growth in 4 out of 6 boutiques 35 37 32 2023 35 42 34 2024 30 46 32 2025 103 111 109 Fixed Income Equities Multi Asset Quantitative Investment TwentyFour AM Fixed Income Quality Growth Conviction Equities Multi Asset Continued momentum in Fixed Income AuM, CHF B3 = AuM growth & NNM growth 70 64 62 82 66 95 47 89 90 1 Morningstar Direct, with data as of 31.12.2025 for Vontobel mutual funds excluding sub-advisory funds, using net of fee performance of institutional share classes with peer group universes as classified by Morningstar. 2 Multi Asset including Global Balanced Solutions mandates based on the equivalent peer group. 3 2025 Net New Money by asset class: Equities CHF -4.5 B (incl. CHF +0.7 B net inflows Conviction Equities), Fixed Income CHF +3.7 B and Multi Asset CHF -1.9 B (incl. CHF +0.2 B net inflows in Multi Asset Boutique). 1Y 3Y 5Y 1Y 3Y 5Y 1Y 3Y 5Y
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February 6, 2026 Investment Solutions – NNM growth of 6.7% across four boutiques 10 Manages concentrated and fundamentally driven high-conviction Equity portfolios. Offers strategies across Switzerland, Emerging Markets and Impact & Thematics. Provides institutional investors with tailor-made Multi Asset mandates. Covers multiple asset classes including Equities, Fixed Income and Alternatives. Provides client access to a broad Fixed Income universe. Manages strategies across Corporate, Emerging Markets, Global and Swiss bonds. Fixed Income specialist based in London and New York. Focuses on Multi-Sector, Outcome Driven and Asset-Backed (ABS) strategies. Conviction Equities Boutique Multi Asset Boutique Fixed Income Boutique TwentyFour Asset Management +5.0% NNM growth 2025 +2.0% NNM growth 2025 +4.6% NNM growth 2025 +14.2% NNM growth 2025 Quantitative Investment TwentyFour AM Fixed Income Boutique Quality Growth Conviction Equities Multi Asset Boutique
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February 6, 2026 − Quality Growth style consistent since 1984 foundation − Leadership transition completed in 2025 − Actively managed and long-term oriented − Retail outflows driven by market focus on AI-driven mega-cap stocks − Appealing to an institutional client base that values its robust and diversifying quality investment style − Attractive economics with enduring demand Investment Solutions – Quality Growth is an attractive diversifier 11 Robust quality investment style An attractive diversifier delivering stable returns Quantitative Investment TwentyFour AM Fixed Income Boutique Quality Growth Conviction Equities Multi Asset Boutique
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February 6, 2026 Investment Solutions – Quantitative Boutique will be integrated 12 − Integrating the Quantitative Investment boutique into the broader Investments organization − Establishing a central Hub to support all investment teams − Leveraging our quantitative and AI expertise across all boutiques while reducing overlaps − Proactively meeting the increasing importance of quantitative expertise across all areas of investing − Driving stronger idea generation, deeper insights, and faster innovation Quantitative Boutique will be integrated Investment Solutions Investment Solutions Equities Multi Asset Quantitative Private Markets Structured Solutions TwentyFour AM Fixed Income Boutique Ancala Partnerships Multi Asset Boutique Quantitative capabilities Will be integrated Fixed Income Quality Growth Conviction Equities Quantitative Investment TwentyFour AM Fixed Income Boutique Quality Growth Conviction Equities Multi Asset Boutique
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February 6, 2026 − Enables tailored solutions − Serving diverse set of clients and partners − Proven 20+ years profitable track record − Uniquely resilient diversification − State-of-the-art infrastructure − Leading position in Switzerland and top tier in Germany and key EU markets Structured Solutions – Leading platform for tailored investment products 13 Digital and scalableInvestment products at scale Capturing client demand Structured Solutions operating income, CHF M Quantitative Investment TwentyFour AM Fixed Income Boutique Quality Growth Conviction Equities Multi Asset Boutique Structured Solutions Investment Solutions CHF 18 B Structured notes turnover 2025 CHF 5 B Actively Managed Strategies and Trackers ~ 400,000 Exchange traded products > 4 billion Quotes per day 241 205 278 307 2022 2023 2024 2025 Statistics as of 31.12.2025. ~ 100,000 Platform investment products
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February 6, 2026 Efficiency – Delivering on our goals 14 Improving firm-wide efficiency Cost/income ratio, adjusted1, % CHF 100 M program ahead of plan Gross savings exit rate, CHF M Clear benefits − Retaining strategic flexibility − Driving long-term value creation − Releasing resources for growth opportunities − Improving client experiences and organizational effectiveness 40 80 100 45 84 2024 2025 2026 Targeted Achieved 2023 2024 2025 78.2% 73.5% 72.9% The program will be completed by end-2026 1 Adjusted for cost-to-achieve and M&A-related one-offs, refer to the Business Review section of the Annual Report 2025 for further detail. Reported cost-income ratio 79.2%, 74.7%, 74.2% in 2023-2025, respectively.
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February 6, 2026 Through-the-cycle growth Assets under management, CHF B 124 136 139 165 171 199 220 244 204 207 229 241 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 +6% Targets Targets – Delivering sustainable growth and shareholder value Operating income Net new money Return on equity C/I ratio CET1 ratio Total capital ratio Payout ratio Growth Through- the-cycle Profitability Through- the-cycle Capital & Payout 4 – 6% 4 – 6% > 14% < 72% > 12% > 16% > 50% Target1 0.6% 1.8% 12.2% 74.2% 19.7% 24.4% 60%2 2025 8.6% 1.3% 12.3% 74.7% 16.1% 20.9% 64% 2024 1 Through the cycle targets, refer to the Targets section of the Annual Report 2025 for further information about our financi al targets. 2 Based on a dividend of CHF 3.00 proposed to the Annual General Meeting of Shareholders 2026. 15
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Financial performance
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February 6, 2026 Strong financial results Profit before tax and net income development CHF M, YoY % Highlights − Higher operating income despite interest rate and FX headwinds − Efficiency program enabling lower costs while investing for growth − Significant increase in net profit reaching CHF 280 M (+5%) 1 YoY change in net interest income. 2 2025 results at constant 2024 FX rates. 88 83 266 PBT 2024 Lower interest rates1 FX impact2 Efficiency program3 Net growth4 One-offs5 280 PBT 2025 354 364 Group net profit Taxes –27 +3% +5% –2 +33–34 +41 17 3 YoY increase in P&L savings from CHF 100 M efficiency program. 4 Net of investments in strategic growth areas. 5 YoY increase to CHF 18.7 M 2025 from CHF 16.6 M 2024, comprising in 2025 cost-to-achieve and IHAG implementation costs. CHF +74 M underlying profit growth Interest rate and FX headwinds
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February 6, 2026 Assets under management higher Net new money CHF B, Annualized growth rate % Assets under management CHF B 4.6 5.8 –2.1 –1.6 2024 2025 110.6 4.2 17.6 110.8 124.6 108.7 2024 NNM FX Performance & Other1 2025 229.1 −10.1 240.7 +5% Highlights − Higher AuM from positive performance, NNM and the IHAG client book acquisition − Strong Private Clients flows across all regions − Institutional Clients with 6.7% NNM growth across four boutiques, offset by Quality Growth and Quantitative Boutique 2.6Total 4.2 Institutional Clients (IC) Private Clients (PC) Centers of Excellence (CoE) PC IC2 +5.2% –1.4% 1 Performance & Other including CHF +1.8 B from the IHAG client book acquisition in Private Clients, CHF -0.7 B due to the sale of cosmofunding in Private Clients and CHF –3.4 B due to decision to exit certain service offerings in the Institutional Clients segment. Refer to Note 32 of the Annual Report 2025 for detail. 2 Institutional Clients including 2025 CHF 1.1 B (2024: CHF 0.8 B) net new money of institutional nature recorded in Centers of Excellence in the Annual Reports 2024 and 2025. 18
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February 6, 2026 Operating income higher despite significant FX and interest rate headwinds By Category CHF M, YoY % By Segment CHF M, YoY % 471 499 836 851 115 2024 81 2025 1,423 1,432 +1% 370399 2024 2025 1,423 1,432 1,017 1,066 –30% +2% +6% +5% Highlights − Significant headwinds from USD weakness and lower Swiss rates − PC operating income up on higher AuM and high client demand in Structured Solutions − IC revenues lower on slightly lower AuM and prior-period mix shifts out of Emerging Markets Trading & Other –7% Net fee & commission income Net interest IC PC CoE +3% Constant currency 19
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February 6, 2026 Private Clients margin – Offsetting NII compression from lower rates 20 Private Clients operating margin bps Highlights Revenue management yielding stability Recurring margin, bps − Structured Solutions margin reflecting continued successful capture of strong client demand − Net interest margin declined on lower Swiss and US interest rates − Transactional margin showing normalization of activity levels − Stable recurring fee margin as revenue management offsetting size mix effects from IHAG client book acquisition and success in the UHNW segment 42 42 40 10 12 11 21 16 14 21 26 26 2023 2024 94 96 2025 91 –5 bps 40 40 39 40 1Q25 2Q25 3Q25 4Q25 Interest Recurring Net fee and commissions Transactional Net fee and commissions Trading (Structured Solutions)
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February 6, 2026 Institutional Clients margin – Flows margin accretive 21 Post EM shift – Flows accretive on pricing discipline and attractive offeringMargin reflects shift out of EM 2023 2024 2025 36 37 34 –3 bps EM share of AuM has flattened out Emerging Markets (EM) share of IC AuM, % Institutional Clients margin bps Gross flows have turned margin accretive Gross flow margin, bps 35 34 32 27 37 37 2024 1H25 2H25 – 8 bps +3 bps +5 bps Gross outflows Gross inflows 21% 17% 14% 10% 11% 2021 2022 2023 2024 2025 Performance fees Commission income Emerging Markets share of IC AUM 21
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February 6, 2026 Efficiency program delivering tangible financial benefits 112 106 261 256 696 706 2024 2025 1,069 1,068 0% Highlights − C/I ratio improved further to 74.2% (72.9% adjusted for cost- to-achieve and IHAG client book integration costs) − Cost base flat despite higher revenues, cost-to-achieve, and continued growth investments − Efficiency program cumulative exit rate savings of CHF 84 M +1% –2% –6% Cost/income ratio % Operating expenses CHF M, YoY % 2024 2025 < 72% target 74.7% 74.2% –0.5 pp Depreciation General Personnel –1.7 pp Constant currency 22
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February 6, 2026 − Fully marked to market1 − Balance sheet increased by CHF 1.9 B, driven by higher client activity and higher customer deposits − Inaugural senior unsecured bond issuance further diversified comfortable funding position (LCR 150%) Conservative risk management − Profitable in every single year since 1986 listing − Maintain high level of liquidity and careful approach in treasury − Conservative lending: CHF 2.1 B Swiss mortgages and CHF 5.9 B Lombard loans − Tight risk management in Structured Solutions Strong and liquid balance sheet with conservative risk management Balance sheet composition CHF B, FY 20252 Strong and liquid balance sheet 1 Refer to the Annual Report 2025 for further information. 2 Liquid assets comprise receivables from securities financing transactions, trading portfolio assets, positive replacement values, other financial assets at fair value and financial investments. Other assets comprise investments in associates, property, equipment and software, goodwill and other intangible assets, other assets and receivables from securities financing transactions. Deposits include CHF 2.2 B call and term notes. Structured solutions comprise trading portfolio liabilities, negative replacement values and other financial liabilities at fair value excluding CHF 2.2 B term and call notes. Other liabilities comprise other liabilities and provisions. 2.0 2.5 7.9 2.1 19.3 2.5 12.7 3.0 14.9 2.1 Total Assets 0.5 Total Liabilities & Equity 34.7 34.7 Liquidity Due from banks Liquid assets Loans Other Total liquid assets Due to banks Deposits Structured solutions Debt Equity Other 23
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February 6, 2026 Strong capital position and generation 24 Very strong capital positionHighlights Highly CET1 capital accretive − Very strong capital position − Maintained proven conservative risk stance − Capital efficient business model enabling organic and inorganic growth − Basel III Final fully implemented, and communicated optimization measures largely completed 18.7% 19.7% 3.6% 1.4% 6.6% 2023 M&A2 (Ancala) (IHAG) Basel III Final3 (Gross) Business growth 2025 0.6% Capital generation & optimization 18.7% 16.1% 19.7% 5.1% 4.8% 4.7% 2023 2024 2025 AT1 CET1 23.8% 20.9% 24.4% FINMA CET1 requirement (8.0%)1 Vontobel CET1 target (>12%)1 CET1 M RWA B 6.8 1,220 +0.3+0.76.5 +0.3 -1.1 1,334+0.3-0.2 1 Refer to the Risk management and risk control section of the Annual Report 2025 for details. 2 IHAG client book acquisition which closed on 03.01.2025 and stake acquisition in Ancala which closed on 01.07.2024. 3 Basel III Final implementation which came into effect in Switzerland on 01.01.2025.
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February 6, 2026 1.30 1.55 1.90 2.00 2.10 2.10 2.30 2.30 3.00 3.00 3.00 3.00 3.00 2013 2014 2015 20161 2017 2018 2019 2020 2021 2022 2023 2024 20253 Record tangible equity generation and continued attractive dividend − Record tangible book value per share growth, up +15% YoY − Positive value creation since 2014 − Strong dividend track record − ROE of 12.2% compared to estimated cost of equity of 8.9% − 16.4% ROTE and 22.1% ROCET1 1 Return on equity excluding CHF 91 M net proceeds from the stake sale in Helvetia. 2 Six months trailing daily average of consensus estimates and Bloomberg. Unbroken dividend track record Return on tangible equity Return on equity Cost of equity2 Dividend per share (CHF) 8.9% 12.2% 16.4% Highlights 253 Proposed to the Annual General Meeting of Shareholders 2026. Record tangible equity per share growth Cumulative TBVPS growth incl. dividends (%) Dividend per share TBV generated per share 201% 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
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February 6, 2026 Results summary Highlights − Strong financial results − Positive flows and higher AuM − Revenue growth − Improved efficiency − Significant net profit increase − Strong equity generation − Very strong capital position − Solid balance sheet and continued value creation 1 2025 CHF 17.9 M cost-to-achieve and CHF 0.8 M M&A-related one-offs. 2 Ratio of operating expense (excl. provisions and losses) to operating income. 3 Proposed to the Annual General Meeting of Shareholders 2026. Key figures (CHF M) 2023 Assets under Management (B) 207 Net New Money (B) -3.5 2024 2025 YoY ∆ (%) 229 241 +5% 2.6 4.2 Operating income 1,310 1,423 1,432 +1% Operating expense 1,042 1,069 1,068 0% of which one-offs1 12.4 16.6 18.7 Pre-tax profit 268 354 364 +3% Group net profit 215 266 280 +5% Total assets 29,146 32,861 34,737 +6% Shareholder’s equity 2,092 2,231 2,479 +11% CET1 capital 1,220 1,210 1,334 +10% CET1 ratio (%) 18.7 16.1 19.7 +3.6pp Cost / income ratio (%)2 79.2 74.7 74.2 –0.5pp Return on Equity (%) 10.5 12.3 12.2 –0.1pp Return on CET1 (%) 18.7 22.1 22.1 0.0pp Basic earnings per share (CHF) 3.86 4.76 4.99 +5% Tangible book value per share (CHF) 26.75 29.40 33.83 +15% 26 Dividend per share (CHF) 3.00 3.00 3.003 0%
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Key messages
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February 6, 2026 Full-year 2025 – A successful year for Vontobel Strategic progress Integrated the Quantitative Boutique and divested cosmofunding to concentrate on core growth areas Captured organic and inorganic growth through strategic investments and acquisitions CHF 100 M efficiency program ahead of plan, structurally improving our cost/income ratio Financial results Significant net profit growth (+5% to CHF 280 M) despite lower rates and a weaker US dollar CHF 241 B AuM on strong flows in Private Clients and Institutional Clients Fixed Income Very strong capital position (19.7% CET1 ratio) enabling continued attractive CHF 3.00 dividend1 1 Proposed to the Annual General Meeting of Shareholders 2026. 28
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Q&A
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Appendix
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February 6, 2026 Income statement and AuM composition Assets under management FY 2025, % of total AuM Income statement FY 2025, % of total 52% 45% 3% By client unit Institutional Clients Private Clients Centers of Excellence5 20% 24% 34% 11% 7% 4% By investment category Other1 Liquid assets2 Alternative investments Bonds Foreign equities Swiss equities 47% 9% 6% 8% 6% 10% 14% By client domicile Other markets Focus APAC, LATAM, MEA3 Italy North America Germany UK Switzerland4 34% 32% 19% 6% 8% By currency Other GBP EUR USD CHF Refer to the Business Review section of the Annual Report Report 2025 for detail. 2 Including fiduciary investments. 4 Including Liechtenstein. 1 Including structured products. 3 Focus EMEA includes Singapore, Hong Kong SAR, Australia and Japan. 5 Centers of Excellence / Reconciliation 37% 79% 19% 9% 28% 6%8% 5%8% Operating income Operating expense 2% Other GBP USD EUR CHF 31
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February 6, 2026 Shareholder structure Based on nominal share capital of CHF 56.875 M of Vontobel Holding AG. 1 Including treasury shares of Vontobel Holding, management shares and unlocked shares of family members. Free float1 49.1% Vontobel Foundation 14.9% Vontrust AG 14.3% Advontes AG 10.6% Shares in the pooling agreement 50.9% Pellegrinus Holding AG 4.7% Further shares of a family member 6.3% Vontobel families hold more than 50% of the share capital and are strongly committed to Vontobel 32
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February 6, 2026 Upcoming events Annual General Meeting 2026 April 14, 2026 3M Trading Update 2026 April 23, 2026 Half-year results 2026 July 24, 2026 Refer to the Vontobel Investor Relations website for details: www.vontobel.com/calendar 33
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February 6, 2026 Cautionary statement regarding forward-looking statements and disclaimer This document may contain projections or other forward-looking statements related to Vontobel that are subject to known and unknown risks, uncertainties, and other important factors. These projections and forward-looking statements reflect management’s current views and estimates. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Vontobel’s future results may vary materially from the results expressed in, or implied by, the projections and forward-looking statements contained in this document. Potential risks and uncertainties include, in particular, factors such as general economic conditions and foreign exchange, share price and interest rate fluctuations as well as legal and regulatory developments. The figures presented may not add up precisely to the totals provided in the tables and text. Percentages and percent changes are calculated based on rounded figures displayed in the tables and text and may not precisely reflect the percentages and percent changes that would be derived from figures that are not rounded. This presentation may contain information obtained from third parties, including ratings from rating agencies. The reproduction and distribution of third-party content in any form is prohibited except with the prior written permission of the affected third party. Third-party content providers do not guarantee the accuracy, completeness, timeliness, or availability of any information, including ratings, and are not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, or for the results obtained from the use of such content. Third-party content providers give no express or implied warranties, including, but not limited to, any warranties of merchantability or fitness for a particular purpose or use. Credit ratings are statements of opinions and are not statements of fact or recommendations to purchase, hold or sell securities. They do not address the market value of securities or the suitability of securities for investment purposes and should not be relied on as investment advice. This document is expressly not addressed to any person who by domicile or nationality is prohibited to receive such information according to the applicable law. This presentation and the information contained herein are provided solely for information purposes and are not to be construed as a recommendation, solicitation or an offer to use a service, to conduct a transaction, to buy or sell any securities or other financial instruments in any jurisdiction, in particular Switzerland and the United States. No investment decision relating to securities or financial instruments of or relating to Vontobel Holding AG or its affiliates should be made on the basis of this document. No representation or warranty is made or implied concerning the information contained herein, and Vontobel Holding AG assumes no responsibility for the accuracy, completeness, reliability or comparability thereof. Information relating to third parties is based solely on publicly available information which is considered to be reliable. Vontobel undertakes no obligation to update or revise its forward-looking statements based on new information, future events, or other factors or if circumstances or management’s estimates or opinions should change, except as required by applicable Swiss laws or regulations. A glossary of non-IFRS performance indicators and abbreviations is provided in the Annual Report 2025. Image on cover page: Paris Vontobel has been serving clients in France since 2015, reinforcing its dedication to the French market with the opening of its local office in January 2020. The Paris-based team focuses on Institutional Clients, providing tailored solutions to institutional investors and distributors not only in France but also in Belgium and to French-speaking clients in Luxembourg. Through close collaboration and a client-centric approach, Vontobel leverages its global expertise to deliver comprehensive investment solutions that meet the specific needs of its diverse clientele. The French office exemplifies Vontobel’s ongoing commitment to offering high-quality, personalized financial services across the region. 34