Vontobel has appointed Georg Schubiger and Christel Rendu de Lint as co-CEOs to succeed Zeno Staub, who is set to step down after 12 years in the post.
Staub will step down from his role at the next general meeting on 9 April 2024, after 22 years at Vontobel, including 20 years as member of the executive committee and 12 years as CEO. Until then, he will be available to support the new co-CEOs to ensure a "smooth transition".
Schubiger, who currently serves as head of wealth management, and Rendu de Lint, who is the head of investments, will take on their co-CEO roles on 1 January 2024, subject to regulatory approval.
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In addition to their new responsibilities, Schubiger and Rendu de Lint will continue to serve as head of wealth management and head of investments. Schubiger will also become a member of the executive committee of Vontobel Holding.
Vontobel chair Andreas Utermann said: "Georg Schubiger and Christel Rendu de Lint both bring with them many years of investment expertise, international client and market experience, and Swissness. During their careers, they have both demonstrated Vontobel's values and have assumed responsibility.
"And finally, they both demonstrate a collaborative style of leadership."
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Utermann also thanked Staub for his 20 years of leadership, and expressed his personal gratitude for their "close collaboration, which was founded on trust, and for his enormous dedication".
Meanwhile, Marko Röder, the firm's head of asset management, will step down from his role in 2024 "for personal reasons". The firm added he will take on a new role "within or outside" of the Vontobel Group, although further clarity was not offered.
"I also wish to thank Marko Röder for agreeing to continue to perform his role in full until we have appointed a successor. We have already initiated a rigorous process involving internal and external candidates," added Utermann.
