Vontobel Wealth Management has set up an office in Milan to offer advisory services to individual clients.
Its focus is primarily on high and ultra-high net worth clients, wealthy families, entrepreneurs, foundations and family holding companies.
By establishing a presence in Milan, Vontobel eyes further growth in its “focus market of Italy” by acquiring new clients.
The office will have an almost 20-strong wealth management team led by Lorenzo Palleroni, who joins from Credit Suisse Milano.
Long-term growth
Palleroni added: “We are now able to offer Vontobel’s entire expertise as a globally active Swiss investment manager to future Italian clients.
“This means that our clients can access the investment knowhow of around 300 investment specialists around the world.
“As a listed company with a strong family shareholder base, Vontobel symbolizes financial stability and transparency. We want to achieve long-term growth with our clients, who are at the centre of all that we do.”
Milan growth
Vontobel is the second wealth firm to open in Milan in the last month.
Recently, global multi-family office Alvarium Investments opened a new branch in the Italian city.
The office gave clients across Italy access to its international investment platform.
