View all newsletters
Have the short, sharp Spear's newsletter delivered to your inbox each week
  1. Wealth
July 27, 2009

Julius Baer’s AuM up 9%, profits down 37%

By Spear's

Assets under management at Julius Baer rose 9 percent in the first half of 2009, ending June at SwFr 299 billion. Total consolidated client assets reached SwFr 367 billion.

Assets under management at Julius Baer rose 9 percent in the first half of 2009, ending June at SwFr 299 billion. Total consolidated client assets reached SwFr 367 billion.

The private bank saw net new client inflows of SWFr 3.4 billion for the first half of 2009, while investment gains added SwFr 12 billion, currency gains SwFr 7 billion, and the acquisition of Augustus Asset Managers, SwFr 1.9 billion.

Consolidated operating income fell by 24 percent, to SwFr 1.2 billion year-on-year, while net fee and commission income declined 34 percent. to CHF 791 million.

Meanwhile, with average assets under management 25 percent lower year on year, profit fell 37 percent to SwFr 324 million. Earnings per share showed a smaller decline of 36 percent to SwFr 1.56 due to the lower share count following last year’s buyback.

For further details, visit thewealthnet

Content from our partners
Why investors should consider investing in nature
HSBC Global Private Banking: Revisiting your wealth plan as uncertainty abounds
Proposed non-dom changes put HNW global mobility in the spotlight

Select and enter your email address The short, sharp email newsletter from Spear’s
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network