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Swiss bank pays small fortune

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Credit Suisse may be trimming pay, but the same cannot be said for Vontobel, the small Swiss bank with investment banking, asset management and wealth management arms.

Our German editor has been crunching the Vontobel numbers and concluded that the Swiss bank is an exceptionally good payer – as long as you work in its asset management arm.

Last year, Vontobel paid its average asset manager CHF688k (£467k, $763k) making it one of the best paying (if not the best paying) bank in the world. This was 46% up on 2012 following a healthy increase in assets under management, revenues and profits.

Unfortunately, Vontobel’s investment bankers didn’t do quite so well. Their pay increased a mere 3% last year, to CHF256k.

 

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