Julius Baer shows sign of recovery despite profit tumbles

Ridhima Sharma
clock • 3 min read

Julius Baer has presented it half-yearly for the year 2019 and announced that net profit recovered considerably from the challenging second half of 2018, driven by a strong sequential increase in asset valuations and gross margin. Assets under management ended the first six months of 2019 at CHF 412bn, an increase of CHF 30bn, or 8%, since the end of 2018. The growth in AuM was helped by a strong recovery in global stock markets, as well as net new money of CHF 6.2bn and the first-time consolidation of NSC Asesores in Mexico, which added CHF 3bn. The strengthening Swiss franc had a sligh...

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