Record Assets Under Management
Julius Bär reported record assets under management of nearly CHF 497 billion, driven by CHF 14.2 billion in net inflows, boosted by strong equity markets and currency tailwinds.
Strong Profit and Capital Ratios
The company achieved an adjusted profit before tax of CHF 1.1 billion and a return on CET1 capital of 32%, exceeding their target of 30%. The CET1 capital ratio stood at 17.8%.
Cost Savings Exceeded Targets
The cost reduction program exceeded its initial target, delivering CHF 140 million in gross cost savings. An extension aims to deliver an additional CHF 110 million by the end of 2025.