Swiss wealth and asset manager REYL Group’s assets under management (AUM) increased 24% to CHF 9.1 billion in 2013.
Revenue for the year reached CHF116.7 million, an increase of 63% compared with the last year. Profit climbed 180% to CHF 24.7 million in 2013.
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Inflows related to corporate advisory and private office services rose sharply again in 2013, reaching 12% of revenue.
In 2013, REYL & CIE’s consolidated assets under management rose to CHF 5.7 billion, representing a 12% increase compared with 2012.
The bank’s Geneva head office, which specializes in wealth management, corporate advisory services and related banking transactions, reported a 31% increase in net revenue to CHF64.9million, and a net profit of CHF6.3 million, an increase of 125% compared with 2012.
RAM Active Investments, the Group’s affiliate specialized in management of funds for institutional investors, posted the strongest results with an increase in assets of 50% to CHF3.4 billion.
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By GlobalDataThe affiliate reported net revenues net profit of CHF 51.8 million and CHF 18.4 million, an increase of +133% and 207% respectively, compared to the year ago period.
According to REY, this growth attributes to strong product performance and further efforts to improve distribution, both in Switzerland and internationally.
François Reyl CEO of the Group said: "Concerning 2014, we are making efforts to strengthen our presence in Asia and the Middle East and to further develop our new business lines. We are also continuing to invest in the international distribution capacity of RAM Active Investments, especially in Asia and the US."
