Reyl Group has reported a consolidated net profit of CHF24.1m ($24m) for the year ended 31 December 2017, a surge of 84% compared to a year ago.

Operating result before provisions for the period stood at CHF32.5m, up 75% from the previous year. Operating Income jumped 30% year-on-year to CHF130.2m.

Assets under management (AuM) as at 31 December 2017 totalled CHF15.8bn, an increase of 19% compared to last year. Net new money inflows were CHF1.6bn.

AuM at the group’s subsidiary Bank Reyl & Cie increased 18% to CHF8.3bn from the previous year, while AuM at the group’s asset management unit RAM Active Investments rose 14% year-on-year to CHF4.9bn.

Reyl Group CEO Francois Reyl said: “These promising results encourage us to further develop our business model, focussed on personalised and innovative support for a dynamic clientele of entrepreneurs, family offices and international investors.

“We intend to pursue a growth strategy that is both organic and based on high potential institutional partnerships, such as those recently announced with Aspiration, Hermance Capital Partners and Mediobanca. We also plan to considerably strengthen our investments as we develop our digital platform and our teams in corporate finance and illiquid asset management.”

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