Swiss private bank Vontobel increased its pre-tax profits by 46 percent to CHF 467 million in 2021, with its wealth management and asset management accounting for 80 percent of the record income generated.

According to the firm, these results underscore the balanced nature of Vontobel’s business model, which focuses on the generation of recurring income.

Operating income in the business with asset management clients rose significantly compared to 20...