Julius Baer 1st Half 2017 Results
Julius Baer achieved CHF 355 billion Assets under Management, an increase of CHF 19 billion or 6% in 1st half 2017, compared to the end of 2016. Adjusted net profit is CHF 404 million while cost/income ratio is at 69%.
” Julius Baer AUM at CHF 355 billion “
Boris F.J. Collardi, Chief Executive Officer of Julius Baer Group Ltd., said: “We are extremely pleased to see the initial returns on last year’s significant investments already being reflected in a record half-year adjusted net profit. Net inflows exceeded our own expectations, the gross margin was resilient, the cost/income ratio improved towards the target range, and our capitalisation strengthened to well above our floors.”
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
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