Swiss wealth and asset manager REYL Group’s assets under management (AUM) increased by 61.8% to CHF 7.3 billion in 2012 as it attracted net new money of CHF2.3 billion.
Revenue for the year reached CHF71.7 million, an increase of 34.1% compared with the last year. Profit climbed 70% to CHF8.8 million in 2012.
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In 2012, inflows related to onshore wealth management and corporate finance activities enabled the group to increase its assets under management by 72.4% to CHF 5.0 billion.
Reyl Asset Management, the Group affiliate specialized in managing and distributing a range of investment funds for institutional investors, posted the strongest results in its history, with an increase in assets of 43% to CHF2.3 billion.
The bank’s Geneva head office, which specializes in wealth management, corporate advisory services and related banking transactions, reported a 15% increase in revenue to CHF37.3 million, and a net income of CHF4.4 million, an increase of 24% compared with 2011.
The bank attributed the healthy annual performance to the improvement in the global economic and financial background of 2012.
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By GlobalDataCommenting on the results, François Reyl, CEO of the group, said: "These results are for us a great incentive and we intend to continue developing the group with the same dynamism. We have a number of ongoing projects and we will be enhancing our range of products and services still further, particularly in the areas of investment funds, capital-markets activities, mergers & acquisitions and private equity."
