The private banking unit of Kaiser Partner, a family-owned Liechtenstein wealth management group, has registered a 23% rise in assets under management (AuM) from the year before, of CHF2.05 bn ($2.29bn).
The bank’s profit remained stable, though slightly below the prior-year level at CHF2.1m.
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Kaiser Partner, which has 180 employees in Vaduz (Liechtenstein) and Zollikon-Zurich (Switzerland), looks after approximately CHF25 bn of client assets.
In 2013, Kaiser Partner more than doubled its consolidated profit thanks to exceptional income items and rigorous cost management; consolidated operating income was down 4% on the prior year on a like-for-like basis.
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