Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Vontobel Appoints Staub to Replace Scheidt as CEO

(Corrects age of Scheidt in second paragraph in story that was published on Dec. 15.)

Dec. 15 (Bloomberg) -- Vontobel Holding AG appointed Zeno Staub as head of its asset-management unit, succeeding chief executive officer Herbert Scheidt.

Staub, 41, will succeed the 59-year-old Scheidt on May 4, 2011, Zurich-based Vontobel said today in a statement. The executive, who studied economics and has a Ph.D from the University of St. Gallen, has held management positions with the bank since 2001.

“Under his operational management, the Vontobel Group will pursue the successful course it has taken in recent years,” Vontobel said in the statement. The company said Aug. 31 that it planned to appoint a new CEO after proposing that Scheidt become supervisory board chairman in May.

Staub was appointed Vontobel’s chief financial officer in 2003 and oversaw investment banking beginning in 2006 before taking over asset management two years later.

Founded as a stockbroker, Vontobel now generates more than half its earnings from investment banking. In 2006, Scheidt acquired a business from Lombard Odier and a majority stake in hedge-fund specialist Harcourt Investment Consulting AG.

To contact the reporter on this story: Patrick Donahue in Berlin at at pdonahue1@bloomberg.net.

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.