Vontobel : Jacqueline Hess becomes Head of Vontobel Swiss Wealth Advisors

At the latest on August 3, 2021, Jacqueline Hess is set to take over as CEO of Vontobel's subsidiary Vontobel Swiss Wealth Advisors AG (VSWA), which specializes in internationally diversified wealth management for North American clients. She will be joining Vontobel from Deloitte Private Switzerland, where Jacqueline Hess is currently Managing Partner and where she leads multidisciplinary teams of experts advising private and family businesses, entrepreneurs, family offices and high net worth individuals as well as private equity firms. She is also a member of the Executive Board and a member of the Board of Directors of Deloitte AG. Jacqueline Hess, who has been with Deloitte since 2005, spent the last four years as Managing Partner Tax & Legal and, before that, three years as Managing Partner Talent for Deloitte Switzerland. The graduate Swiss tax expert and Registered Trust & Estate Practitioner (TEP), who successfully studied at the University of Chicago, at Cornell Law School and the Catholic University of Leuven, Belgium, gained her first professional experience among others at PwC in Switzerland and the USA.

Jacqueline Hess will be taking over from Patrice E. Humbel (66), who has been responsible for the wealth management business with North American clients since spring 2018. Patrice E. Humbel will continue to offer his expertise to Vontobel clients as Vice Chairman North America. For Vontobel, North America is a growth market in which the international investment manager with Swiss roots aims to achieve above-average growth. Overall, Vontobel aims to generate net new money in a corridor of four to six percent per annum. Nine percent of all assets under management at Vontobel come from North American clients.

Vontobel provides North American wealth management clients with its comprehensive investment expertise through its wholly owned and SEC-registered subsidiary Vontobel Swiss Wealth Advisors AG, headquartered in Zurich, Switzerland, which has client advisor teams in New York, Geneva and Zurich. In addition to its SEC registration as a wealth manager, VSWA has Exempt International Advisor status in the Canadian provinces of Alberta, British Columbia, Nova Scotia, Ontario and Quebec. VSWA develops solutions for globally diversified wealth management, targeting US investors and Canadian clients with 'Permitted Client' status.

'I am delighted that Jacqueline Hess, a proven expert, will be leading our wealth management team for our North American clients. Her many years of working for an international consulting firm has given her a great insight into the needs and challenges of our clients. With client focus, investment expertise and the right products, we want to continue our growth in North America, the world's largest wealth management market. Patrice E. Humbel and the VSWA team have successfully laid the foundation for additional growth in recent years. I am, therefore, all the more pleased that Patrice E. Humbel will continue to support us and our clients with his high level of commitment and expertise, well beyond the usual retirement age,' said Georg Schubiger, Head of Wealth Management, Vontobel, and Chairman VSWA.