Vontobel CEO Sees Margin Pressure From 'Passive' Clients

The video discusses the challenges faced by asset managers due to clients holding significant cash reserves and the shift towards passive investments, which pressures margins. Despite these challenges, the company remains confident in its active management strategy. The video also covers the company's role in market consolidation, highlighting recent acquisitions and organic growth in wealth management.

What does the speaker mean by 'passive behavior' of clients?

What is the significance of the acquisitions mentioned in the text?