Following the termination of the cooperation agreement with Vontobel with effect from mid-June 2017 and the arbitration proceedings, joint discussions revealed that working together in specific areas would still be advantageous for both partners.
The new arrangements relate to collaboration in the areas of investment products and securities settlement, and will run through to the end of 2020 at least.
The existing cooperation agreement covering the period through to June 2017 will continue to apply until it expires.
Patrik Gisel, CEO of Raiffeisen Switzerland: "Continuing to work together in certain specific areas is in our clients’ interests, and creates a platform for new, business-oriented products, models and processes for both companies."
Vontobel CEO Dr. Zeno Staub: "We are pleased that Vontobel will remain a key product and service partner for Raiffeisen beyond 2017. This partnership will contribute to ensuring a high-quality range of products and services for Raiffeisen’s clients in the future."
