Vontobel plummets 63% as chairman readies to go

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SWITZERLAND - Chairman of private banking group Vontobel, Hans Dieter Vontobel, is to step down in April, leaving behind a 63% slump in profits for 2001 announced by the firm.

Vontobel is also set to cut its shareholder dividends by a quarter, down to CHF1.5; the proposal will be mooted at the firm’s annual general meeting on April 16. Chairman Hans-Dieter Vontobel and ...

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