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May 23, 2018

Factors behind Julius Baer breaching CHF400bn AUM

Julius Baer Group’s assets under management (AuM) stood at CHF401bn at the end of April 2018, a year-to-date increase of CHF13bn or 3%.

“The rise in AuM came on the back of continued net inflows as well as a positive currency impact, the latter mainly following the strengthening of the US dollar in April,” the Swiss private bank said in a statement.

Net new money inflows were above 5% in the first four months of 2018, in line with the bank’s 4-6% target range. Inflows were particularly strong from clients domiciled in Europe, Switzerland and Asia.

The gross margin over the first four months of 2018 stood at 93 basis points, up 5 basis points compared to the second half of 2017. The bank attributed the rise to a step-up in client activity that strengthened net commission and fee income and net trading income.

The private bank’s BIS total capital ratio and BIS CET1 capital ratio at the end of April 2018 were 19.8% and 13.3%, respectively.

The cost income ratio stood at just below 67%, inside the 64–68% medium-term target range.

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