ZURICH, Nov 6 (Reuters) - Swiss private bank and asset manager Vontobel on Wednesday said advised client assets rose to a record of 217.1 billion Swiss francs ($218.70 billion) at the end of the third quarter. "In total, the net inflow of new money generated by Vontobel for the last nine months was over its 4-6% target range," it said in a statement, adding that overall results for first nine months of 2019 exceeded those of the prior-year period.
It confirmed its profit and growth targets for 2020.
The bank in July posted a 1% net profit decline for the first half of the year and confirmed its mid-term targets despite saying it expected the environment to remain challenging in the second half of 2019.
$1 = 0.9927 Swiss francs Reporting by Michael Shields and Brenna Hughes Neghaiwi, editing by Riham Alkousaa