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Julius Baer misses NNM target range amid pickup in Asia client activity

A late first-quarter pickup in client activity, particularly in Asia and Europe, drove Julius Baer’s net new money growth into positive territory with a strong contribution from new relationship managers, the Swiss bank said today. However, at 3% annualised growth for the first four months of the year, NNM inflows fell outside of the bank’s longstanding target range of 4-6%….

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