Vontobel sets sights on full takeover of TwentyFour

By Tom Porter
25 Mar 2015

Swiss private bank Vontobel is set to acquire a 60% stake in TwentyFour Asset Management, with plans to ultimately fully acquire the UK based fixed income boutique.

TwentyFour’s working partners will retain the remaining 40% stake and have agreed to invest a share of their windfall from the deal in existing TwentyFour or Vontobel investment funds, but the Swiss firm said this stake would also be acquired “over the longer term”.

The partners will continue ...

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