Vontobel Wealth Management

The Milan team draws primarily on Vontobel's in-house asset management capabilities across equities, fixed income, and structured products. Portfolios are built around the firm's proprietary research views and thematic strategies, supplemented with external funds where in-house solutions do not cover specific exposures. The process emphasizes customized mandates over standardized model portfolios.

No. It operates as the Italian wealth advisory arm of the Zurich-based Vontobel Group, a publicly traded Swiss investment firm established in 1924. The Milan office channels the group's asset management and wealth planning capabilities to Italian high-net-worth individuals and families, coordinating with other European wealth hubs in Geneva, Zurich, and Frankfurt.

Discretionary portfolio management, advisory services, and structured products form the core offering. The team leverages Vontobel's strengths in European equities, global fixed income, multi-asset strategies, and thematic equity approaches — notably in clean energy and sustainable investing — all adapted to Italian tax and regulatory frameworks.

Christoph von Uslar heads Vontobel's wealth management unit in Italy, overseeing the Milan-based team. Portfolio construction follows the Vontobel Group's house investment views, set by the firm's central research and asset management divisions, with local tailoring executed by the Italian advisory team.

Vontobel operates a hybrid model. Core portfolio exposures typically use the firm's own funds and structured products, while niche or supplementary asset classes may rely on external managers. This contrasts with fully open-architecture private banks and reflects Vontobel's identity as both an asset manager and wealth advisor.