Vontobel CEO Sees Politics Challenging Asset Manager Profits

  • U.S. election, Brexit make asset performance a guessing game
  • Staub says will be difficult to boost profit in second half

The U.S. presidential election and the aftermath of the Brexit vote will make matching last year’s revenue “very challenging” for many asset managers in the second half of 2016, according to Vontobel Holding AG’s Zeno Staub.

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