Following Pictet group, other Swiss financial companies Lombard Odier, Edmond de Rothschild Switzerland, and Mirabaud have disclosed their results for the first six months of 2017.
Lombard Odier has seen its total client assets rising by 4% in the first half of 2017 to CHF242bn, as of 30 June 2017, from CHF233bn as of end of December 2016.
In detail, assets in the private client segment were CHF125bn while asset management clients have invested CHF46bn with Lombard Odier IM. The company underlined an extra CHF71bn brought through digital banking solutions.
Consolidated net profit increased by 13% in H1 2017 to reach CHF69m and the group has a CET1 ratio of 28.7% as of end June 2017.
As for Edmond de Rothschild Switzerland, its consolidated net profit went up 32% year-on-year to CHF34.6m as at 30 June 2017.
Assets under management rose by 0.6% in the first half of 2017 to CHF118.9bn from CHF118.1bn in December 2016.
Mirabaud has reported a 4.5% increase in assets under management during from December 2016 to June 2017, reaching CHF31.2bn, of which CHF8.1bn was attributable to the asset Management business, from CHF29.9bn.
In addition, the group’s net profit totalled CHF22.3m as of 30 June 2017, up 29% yoy. Its CET1 ratio was 20.6% at the same date.