VZ Holding

VZ Group is a Swiss financial services provider headquartered in Zurich. VZ Holding Ltd has been listed on the SIX Swiss Exchange since March 2007. The group employs around 1,000 people and managed customer assets amounting to 22.6 billion Swiss francs on 30 June 2018.[2]

VZ Holding Ltd.
Public limited company (Aktiengesellschaft)
Traded asSIX: VZN
ISINCH0028200837 
IndustryFinancial services
Founded1993
HeadquartersZurich, Switzerland
Area served
Switzerland, Germany
Key people
Matthias Reinhart (CEO)
Revenue260 million CHF (2017)[1]
Number of employees
1000 (March 2018)[1]
Websitewww.vermoegenszentrum.ch/vz-holding.html
Customer lounge at VZ Holding's headquarters in Zurich

VZ Group specialises in retirement planning and portfolio management for individuals as well as in insurance and pension fund management for companies.

Matthias Reinhart has founded VZ Group and is the main shareholder. On June 30 2018, he held 61 percent of the voting rights (directly and indirectly).[2]

History

The company was founded in 1993 by Matthias Reinhart and Max Bolanz as VZ VersicherungsZentrum Ltd. Their aim was to bring transparency to the insurance and banking industries in Switzerland by comparing prices and benefits. The initial purpose of the company included the brokerage of insurance contracts.

Subsequently, the range of services was continuously expanded. In 1997, the name was changed to VZ VermögensZentrum Ltd, and the articles of association were amended. Since then, the focus shifted from brokering to financial consulting and portfolio management.

In 2000, a holding structure was introduced. In March 2007, the subsidiary VZ Depository Bank Ltd was authorised as a bank and securities dealer by the Swiss Federal Banking Commission.[3] In the same month, VZ Holding Ltd went public.[4]

VZ Vorsorge Ltd was founded in 2013 as a wholly owned subsidiary of VZ Holding. The unit provides services such as consultancy, administration and management for investment funds, pension funds and occupational benefit schemes.[5]

Subsidiaries

VZ Group is organised as a holding company and comprises a.o. the following subsidiaries[6]:

  • VZ VermögensZentrum AG, Zurich: financial consulting and wealth management for individuals in Switzerland
  • VZ VermögensZentrum GmbH, Munich: financial consulting and wealth management for individuals in Germany
  • VZ Depository Bank AG, Zug: securities accounts, securities and currency transactions, portfolio advisory and management for private clients and institutional investors
  • VZ Depotbank Deutschland AG, Munich: banking services for individuals in Germany
  • HypothekenZentrum AG, Zurich: management of mortgages and transfer of mortgages to institutional investors
  • VZ Insurance Services AG, Zurich: risk management consulting as well as insurance and pension fund management for corporations
  • VZ Versicherungs-Pool AG, Zurich: property and casualty insurances for individuals in Switzerland
  • VZ Vorsorge AG, Zurich: consulting and management services for investment foundations and institutions providing occupational benefit schemes

Board of Directors

The Board of Directors consists of Fred Kindle, Dr. Albrecht Langhart, Roland Iff, Roland Ledergeber, and Olivier de Perregaux.[2]

Ownership

The ownership structure, on June 30, 2018[2]:

Percentage
Matthias Reinhart (direct and indirect)61,00 %
Members of the Board of Directors1,43 %
Other members of the Executive Board2,88 %
Employees2,66 %
Mawer Investment Management Ltd3,14 %
Capital Group Companies, Inc.3,00 %
Treasury shares0,86 %

References
  1. Annual Report 2017, published on March 1, 2018
  2. Half-Year Report 2018, published 15 August, 2018
  3. FINMA, Eidgenössische Finanzmarktaufsicht. "FINMA-Bewilligung ist eine Eintrittskarte zum Finanzmarkt". Eidgenössische Finanzmarktaufsicht FINMA. Retrieved 20 November 2018.
  4. "Guter Börsenstart von VZ stimmt IPO-Kandidaten optimistisch | NZZ". Neue Zürcher Zeitung (in German). 24 March 2007. ISSN 0376-6829. Retrieved 20 November 2018.
  5. "Half-year report 2013" (PDF). VZ VermögensZentrum. 2013.
  6. "Annual Report 2017" (PDF). 1 March 2018. Retrieved 20 September 2018.
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