Traded as SIX: VZN Area served Switzerland, Germany Headquarters Zürich, Switzerland Number of employees 892 (December 2016) | Industry Financial services Revenue 235 Mio. Francs (2016) Founded 1993 Parent organizations VZ Holding, Madarex AG | |
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Type Limited company (Aktiengesellschaft)
Public company Key people Matthias Reinhart (Chairman and CEO) Stock price VZN (SWX) CHF 272.00 -3.00 (-1.09%)3 Apr, 5:31 PM GMT+2 - Disclaimer Subsidiaries VZ Holding, Hypothekenzentrum Ltd | ||
VZ Holding Ltd. is a Swiss financial service company listed on the SIX Swiss Exchange. Its head office is based in Zürich.
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It has branches in Aarau, Affoltern am Albis, Baden, Basel, Bern, Chur, Fribourg, Geneva, Horgen, Kreuzlingen, Lausanne, Liestal, Lucerne, Meilen, Neuchatel, Rapperswil, Rheinfelden, Schaffhausen, Solothurn, St. Gallen, Sursee, Thun, Uster, Winterthur and Zug, and as well as in Germany (Frankfurt, Düsseldorf, Munich and Nuremberg).
The group employs 892 employees, with total managed assets amount to 18,41 billion Swiss francs (December 31, 2016).
Business activity
The company specialises in the areas of retirement planning and portfolio management for individuals as well as in insurance and pension fund management for companies.
History
The company was founded in 1993 by Matthias Reinhart and Max Bolanz. The company was firstly called VZ Versicherungszentrum AG. The idea was to provide price comparison and benchmarks in the Swiss insurance and banking sector. Initially, the commercial activity consisted of insurance brokerage for private individuals.
The range of services was expanded over the years. In 1997 the name was changed to VZ Vermögenszentrum AG and the articles of association where adjusted. From now on insurance brokerage was no longer the core business. Business activities now where and still are financial consulting as well as wealth management.
In the year 2000 the group of companies was organized in holding structure. In March 2007 the subsidiary VZ Depotbank AG was authorised as bank and securities dealer by the Swiss Federal Banking Commission. Also during March 2007 VZ Holding Ltd effected its initial public offering (IPO).
Matthias Reinhart, founder and Chief Executive Officer of VZ Holding Ltd, holds a majority of shares both directly and indirectly (indirectly through Madarex Ltd, a company he controls). In addition to Matthias Reinhart and members of Board of Directors and the Executive Board, two institutional investors control more than 3 per cent of the voting rights: Mawer Investment Management (3,12 per cent), Capital Group Companies, Inc. (3,00 per cent) and Deutsche Asset & Wealth Management (<3,00 per cent).