Julius Baer Reports Solid Performance for 2016
Julius Baer has reported a solid performance for 2016. Assets Under Management grew by 12% to a record of CHF 336 billion. Adjusted net profit was at CHF 706 million. Hence, the bank has also opted for a 9% increase in dividend payout to shareholders from CHF 1.10 to CHF 1.20 per share.
Increase in AUM was a result of net new money for clients located in Asia, Middle East, Western Europe (especially Monaco) which managed to compensate for weakness in fund flows from Latin America, Central & Eastern Europe.
News Source: Julius Baer Press Release
About Julius Baer
Julius Baer Group (SIX:BAER) is the leading Swiss private banking group, which origins date back to 1890. Recognising the importance of Zurich as a centre of international trade, Julius Baer, founder and namesake of the Group, opened shop on Zurich’s famous Bahnhofstrasse in the 1890s. What initially started small, rapidly expanded into wealth management and securities and FX trading – business activities that still remain at the core of the Julius Baer Group today.
- Origin : Zurich, Switzerland
- Assets : CHF 84.12 billion
- Revenue : CHF 2.69 billion
- Employees : 5,364
Official Website: www.juliusbaer.com
News & Media: Press Release
Updated on 8th August 2016