The Swiss private banking group enjoyed a strong start of the year driven by an increase in client assets while its structured products issuance reached their highest levels since Q2 2019.
Julius Baer has reported a significant rise in profitability in the first four months of 2021. The growth came on the back of a strong increase in client assets and a solid gross margin development, it said in its interim management statement. Assets under management (AuM) rose to CHF470 billion (US$525 billion) at the end of April 2021, a year-to-date increase of eight percent. The increase was driven by continued net new money inflows, positive stock market performance, and the softening of t
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