What Bank Gutmann does

Bank Gutmann Aktiengesellschaft is an Austrian private bank founded in 1922, headquartered at Schwarzenbergplatz 16 in Vienna, and operating five client-facing locations across Austria. The bank is 100% owner- and partner-managed under majority Kahane family ownership, with parent company Gutmann Holding AG (Chur, Switzerland) holding more than 25%. It serves high-net-worth individuals, ultra-high-net-worth clients (with a EUR 5M minimum for special funds), family offices (single and multi), and institutional investors, with two dedicated personal advisors assigned per client. As of September 2025, the bank managed EUR 29 billion in assets under management and is described in its own materials as the leading Austrian private bank.

The product suite spans discretionary portfolio management, non-discretionary investment advice, sustainable investment (UN PRI signatory since August 2023, SFDR-compliant), customized special funds (Spezialfonds), family office services, an institutional fund platform, and dedicated asset management. Investment strategies include a 50-60 company global equities mandate across six themes, a global bond strategy with active duration management, a quantitative model-driven allocation approach operated for 15+ years, and the Gutmann Global Dividends strategy (60 dividend-stable companies across five themes). The technology stack consists of four proprietary digital assets: the Gutmann App (mobile biometric-authenticated client portal), Gutmann Online (web banking with secure mail), Gutmann Polaris (real-time investment scenario simulation), and Gutmann Secure Mail (encrypted client-advisor messaging). Execution is carried out through the wholly-owned subsidiary Gutmann KAG (Kapitalanlagegesellschaft), the bank's own capital management company that provides fund administration without third-party product distribution pressure.

The revenue model is asset-based and recurring: management and advisory fees on EUR 29B AUM, plus platform/administration fees from institutional clients on the fund platform. Distribution is sales-led and field-based through five Austrian locations, supplemented by digital self-serve channels for existing clients. Marketing relies on thought leadership content (Gutmann Journal, Gutmann Investment Talk video series, Gutmann Viewpoint newsletter) and event-based prospect engagement. Leadership transitioned in September 2025 with Louis Kahane appointed CEO, and Meinhard Platzer pre-announced as Management Board member and Head of Clients effective January 1, 2026, with the bank explicitly framing the move as preparation for further profitable growth.

Name

Bank Gutmann

Legal name

Bank Gutmann Aktiengesellschaft

Website

https://gutmann.at

Company type

Private

Founded year

1922

Operating status

Operating

Headcount range

101–250 employees

Short description

Bank Gutmann is an Austrian private bank founded in 1922 that provides discretionary portfolio management, investment advice, special funds (EUR 5M minimum), and family office and institutional asset management services across five Austrian locations, managing EUR 29 billion in AUM under 100% family and partner ownership.

Ownership category

akta.pro rank

Headquarters

HQ city

Gerasdorf Bei Wien

HQ country

Austria

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Portfolio Management Fees: Discretionary portfolio management services where the bank manages client assets. Fees typically charged as a percentage of assets under management.
2. Investment Advisory Services: Non-discretionary investment advice where clients make final decisions. Revenue generated through advisory fees.
3. Special Fund Management: Customized investment funds for clients with minimum investment of EUR 5 million. Bank provides full administration, management, and reporting services through its own capital management company.
4. Fund Platform Services: Platform services for institutional clients including fund administration, asset management, and custody services for retail and special funds.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Bank Gutmann provides discretionary portfolio management and non-discretionary investment advice to high-net-worth individuals, ultra-high-net-worth clients, family offices, and institutional investors in Austria. Core services include portfolio management, investment advice, sustainable/ESG investment solutions, customized special funds (EUR 5 million minimum), a fund platform for retail and institutional funds, and family office services, supported by proprietary digital tools (Gutmann App, Gutmann Online, Gutmann Polaris) and in-house asset management via its wholly owned capital management company Gutmann KAG.

Product overview

Bank Gutmann operates as an Austrian private bank offering a comprehensive suite of wealth management services. The core offering centers on Private Banking with dedicated client advisors providing Portfolio Management and Investment Advice, supplemented by Sustainable Investment options using ESG criteria. For institutional clients and high-net-worth individuals (EUR 5M+ minimum), the bank offers Special Funds (custom investment funds), a Fund Platform for retail and special funds, and Family Office services. Investment strategies include Equities (50-60 equal-weighted global companies across 6 themes), Bonds (globally diversified with active duration management), Quantitative Models (statistical/ETF-based), and the Gutmann Global Dividends strategy (60 companies focused on dividend stability). Digital access is provided through the Gutmann App (mobile with biometric authentication), Gutmann Online (web banking), Gutmann Polaris (investment simulation), and Gutmann Secure Mail (encrypted communication). The bank manages 29 billion euros for private and institutional clients, operates 5 locations, and has been in operation since 1922.

Differentiator

Problem solved

Functional benefit

Brands

• Gutmann KAG: The bank's proprietary capital management company (Kapitalanlagegesellschaft) providing fund management and fund administration services.
• Gutmann App
• Gutmann Global Dividends
• Gutmann Polaris

Products and services

• Portfolio Management Discretionary portfolio management service where Gutmann manages investments on behalf of clients, making day-to-day investment decisions based on the client's risk profile and objectives. Targeted at wealthy private clients seeking professional wealth management.
• Investment Advice Advisory service providing investment recommendations while clients retain final decision-making authority on all investment selections. Targeted at private clients who want guidance but control over investment decisions.
• Sustainable Investment ESG-focused investment solutions applying exclusion criteria (controversial weapons, coal mining, UN Global Compact violations) and a Best-in-Class approach to portfolio construction. Targeted at clients seeking ESG-integrated investment strategies.
• Special Funds (Spezialfonds) Customized individual investment funds established for clients with minimum investment of EUR 5 million, offering tax advantages and personalized fund structures with full administration, management, and reporting. Targeted at ultra-high-net-worth clients and institutional investors.
• Family Offices Specialized services for single and multi-family offices, including professional management of liquid assets, consolidated structures for multiple strategies and managers, and comprehensive reporting across complex wealth structures.
• Fund Platform Platform for individually structured retail or special funds, enabling multiple tranches and segments with different currency options and fee structures. Targeted at institutional investors requiring professional fund administration and asset management.
• Asset Management Professional asset management selecting companies based on clearly defined criteria and continuously optimizing portfolio composition, including equities, bonds, mixed portfolios, and passive strategies. Targeted at institutional clients.
• Equities Strategy Long-term equity investment strategy focusing on approximately 50-60 equal-weighted global companies across six themes: Digitalization, Consumption Change, Defensive/Value, Demographic Change, Economic Drivers, and Opportunities.
• Bonds Strategy Bond investment strategy investing globally with active duration management, covered bonds, and corporate bond issuances, emphasizing stability and risk control.
• Quantitative Approach Quantitative investment strategy using mathematical models to derive allocation decisions from market data, implemented via ETFs over 15+ years, emphasizing discipline and rational decision-making.
• Gutmann Global Dividends Dividend-focused equity strategy investing in approximately 60 global companies with stable dividend payments across five themes: Health Care, Digital Infrastructure, Daily Consumption, Industrials, and Financials.
• Gutmann App Mobile application enabling secure authentication via fingerprint, facial recognition, or PIN, with access to asset overview, account and custody movements, reports, analyses, and Gutmann Secure Mail. Available on Google Play and Apple App Store.
• Gutmann Polaris Investment simulation tool enabling scenario analysis and complex investment model creation in real-time, with portfolio quality monitoring and decision-relevant information delivery.
• Gutmann Online (incl. Gutmann Secure Mail) Online banking platform providing access to account information, portfolio reporting, secure mail (encrypted communication more secure than ordinary email), and digital services including the Gutmann App integration.

Quantifiable outcome

• EUR 29 billion assets under management
• +2 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• UN PRI (Principles for Responsible Investment)coreOthers · 1 August 2023Gutmann signed the UN Finance Initiative 'Principles for Responsible Investment' in August 2023. The principles include integrating ESG factors into investment analysis, being active owners incorporating ESG into ownership policies, seeking disclosure from investee companies, promoting principles within the industry, collaborating for effectiveness, and reporting on activities.
• CaritasminorOthersSocial engagement partner. Bank supports Caritas through donations and social projects, including the Haus Immanuel mother-child facility in Vienna.
• Rotes Kreuz (Red Cross Austria)minorOthersSocial engagement partner. Bank provides ongoing support to the Austrian Red Cross as part of its social responsibility initiatives.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Regional players

• Bank für Tirol und Vorarlberg (BTV): Austrian regional bank with a wealth management arm (BTV Private) serving HNW clients in Western Austria. Comparable to Bank Gutmann in offering private banking and asset management in the Austrian market, though with a more regional retail-bank parent.
• Liechtensteinische Landesbank (LLB): Liechtenstein-based universal bank with a strong private banking and institutional asset management franchise across DACH. Comparable to Bank Gutmann in offering wealth management, asset management, and serving HNW/family office clients, though serving a broader geographic base.
• VP Bank: Liechtenstein private bank focused on intermediated and private wealth management for HNW individuals and family offices. Comparable to Bank Gutmann in wealth management focus and family-office service orientation, though operating across multiple international booking centers.
• Vontobel: Swiss private banking and asset management firm with strong wealth management, asset management, and investment fund capabilities. Comparable to Bank Gutmann in providing discretionary mandates, advisory, and fund solutions to private and institutional clients across DACH.

Direct peers

• Schoellerbank: Austrian private bank part of the UniCredit group, providing portfolio management, investment advisory, and asset management to HNW individuals. Directly comparable to Bank Gutmann in target market (Austria), customer profile (HNW), and product set (discretionary mandates, advisory, special funds).
• Baader Bank: German bank active in capital markets and asset management with growing private wealth management business. Comparable to Bank Gutmann in offering proprietary fund platform services, asset management capabilities, and serving HNW/institutional clients in DACH.
• Donner & Reuschel: Hamburg-based private bank owned by SIGNAL IDUNA group, focused on wealth management for HNW private clients and family offices. Comparable to Bank Gutmann in its owner-controlled, advisory-led private banking model serving DACH clients.
• Hauck & Aufhäuser Lampe Privatbank: German private bank offering wealth management, asset management, and fund services to HNW and institutional clients. Comparable in its mix of family-owned heritage, special fund capabilities, and focus on advisory-led wealth management in the German-speaking market.
• Bankhaus Carl Spängler: Salzburg-based Austrian private bank with a long heritage, serving private and corporate clients with asset management and investment advisory. Closely mirrors Bank Gutmann's owner-managed, regionally focused private banking model in Austria.

Broad incumbents

• Erste Group Bank: Austrian-headquartered universal bank with a large retail and private banking franchise across CEE. Operates a private banking business that overlaps with Bank Gutmann's target segments, though Erste is a much broader financial services group rather than a specialist private bank.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bank Gutmann