Julius Bäer: assets managed exceed CHF400bn
(CercleFinance.com) - Julius Baër, Switzerland's largest private bank's assets managed have exceeded 400 billion Swiss francs (over 340 billion euros) for the first time in its history.
At the end of April, the Zurich based group managed 401 billion Swiss francs on behalf of its clients, a figure that has increased by 3% since the end of 2017, representing an absolute record.
Management first attributes this trend to continued net capital inflows, with new money inflows (annualised) increasing by 5% from January to April, a rate that is consistent with the target range of 4% to 6% per year. The main contributing regions include Europe, Switzerland and Asia. FX factors also had a positive impact.
At the same time, the group's gross margin improved by five basis points relative to H2 2017, reaching 93 points. In addition, its cost/income ratio again improved just below the 67% rate, with the group having a target range of 64% to 68%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
At the end of April, the Zurich based group managed 401 billion Swiss francs on behalf of its clients, a figure that has increased by 3% since the end of 2017, representing an absolute record.
Management first attributes this trend to continued net capital inflows, with new money inflows (annualised) increasing by 5% from January to April, a rate that is consistent with the target range of 4% to 6% per year. The main contributing regions include Europe, Switzerland and Asia. FX factors also had a positive impact.
At the same time, the group's gross margin improved by five basis points relative to H2 2017, reaching 93 points. In addition, its cost/income ratio again improved just below the 67% rate, with the group having a target range of 64% to 68%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.