Boosted by a strong market performance the Swiss private banking group posted its highest ever profit in 2021.

Julius Baer has reported a 55% growth in net-profit to CHF1.1 billion (US$1.2 billion) for 2021, surpassing the CHF1 billion mark for the first time in the company’s history (FY 2020: CHF699m). Assets under management (AuM) rose to CHF482 billion, up by CHF 48 billion or 11%. This increase was driven by significant positive market performance and bolstered by strong net new money inflows. Structured products made up four percent of the total AuM, or CHF19.3 billion (2020: CHF21.7 billion)