Vontobel Shares Fall 11% After Star Manager Rajiv Jain Quits

Updated on
  • Firm says Jain's deputy Matthew Benkendorf to succeed him
  • Jain was `bedrock of the firm's success' for past 22 years

Vontobel Holding AG plunged the most in 14 months after the resignation of Rajiv Jain, the chief investment officer and star money manager at the company’s asset-management unit in New York.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.