The Swiss private banks managed CHF17.1 billion and CHF5.1 billion worth of assets linked to structured products, respectively, in H1 2022.

Julius Baer Group saw its assets under management (AuM) fall to CHF428 billion (US$453 billion) in the first half of 2022, a decrease of 11% year-on-year (YoY). The drop in AuM was driven by the significant corrections in global equity and bond markets in ‘one of the worst six-month periods for capital markets in decades', according to the bank’s interim presentation. The benefit from a rise in treasury swap income was more than offset by a decline in structured products-related i