Swiss asset manager Vontobel has appointed Stefan Armbruster, currently global co-head for Retail Structured Products at Deutsche Bank, as head of Financial Products Europe in Frankfurt, effective as of 1 July 2017.
Armbruster will replace Wolfgang Gerhardt who will step down from operations at the end of April 2017. He will oversee Vontobel’s investment certificates and warrants businesses in Europe.
As global co-head for Retail Structured Products at Deutsche Bank, Armbruster and his teams are currently responsible for Deutsche Bank x-markets, the brand under which Deutsche Bank brings together both the development and trading of structured products for institutional and private investors.
Armbruster has held a number of positions within the structured products sector, at Crédit Lyonnais, Swiss Bank Corporation, Morgan Stanley, Commerzbank and ABN Amro Bank.
Roger Studer, head of Investment Banking at Vontobel, said: “In recent years, Vontobel has steadily increased its market position to become one of the leading providers of investment certificates and warrants both in Germany and other European markets, namely Sweden, Finland, Italy, France and the Netherlands.
“With innovative solutions such as the multi-issuer platform ‘mein-Zertifikat.de’, we are contributing to the evolution of the structured products market. Vontobel Financial Products Europe is particularly important in this regard as the basis for our European activities outside the Swiss market. With Stefan Armbruster and his team, we want to continue to grow profitably in the European markets on the back of a client-focused approach, innovation, and reliability.”
As of 31 December 2016, Vontobel managed over CHF195bn (€182.3bn) of client assets.