Julius Baer Reports Steady Growth Amid Market Challenges

Julius Baer Group Ltd. unveiled its Interim Management Statement for early 2025, showcasing solid progress despite economic volatility. The group saw CHF 4.2 billion in net new money inflows, with assets under management at CHF 467 billion, affected by currency swings and the deconsolidation of its Brazilian arm.

An elevation in client activity boosted gross margin to 87 basis points. Cost-saving initiatives are on track, projected to yield CHF 110 million in savings. Adjustments in the risk and legal management functions will occur, following internal reviews. The Group's robust liquidity is demonstrated by a CET1 capital ratio of 15.2%, surpassing regulatory requirements.

The Brazilian branch's sale and the opening of a new Italian branch mark strategic expansions. However, despite a promising start, the Group anticipates a dip in IFRS net profit for the first half of 2025 compared to 2024.