Former Allianz GI CEO Utermann set for election to Vontobel board

Shareholder vote on 20 April

Former Allianz Global Investors CEO Andreas Utermann has been proposed as a member of the board of directors of Vontobel.

The firm, which has asset and wealth management divisions, said Utermann would be up for election onto the board of Vontobel Holding AG and Bank Vontobel AG at its general meeting for shareholders on 20 April alongside entrepreneur Dr Michael Halbherr. At the meeting, Vontobel's vice-chair Frank Schnewlin will step down after nine years in the role and having been with the firm since 2009. Utermann, who retired as Allianz GI CEO at the end of 2019, said in a post on LinkedIn that he had taken "some time out to re-charge my batteries", before taking "the conscious decision to begin a n...