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As Julius Baer’s AUM increase, so does its cost/income ratio

Swiss private bank Julius Baer Group has announced a 10% increase in its assets under management (AUM) to CHF187 billion (US$198 billion), for the period between 31 December 2011 and 31 October 2012. Furthermore, total client assets at the bank grew by 9% to CHF274 billion (US$290 billion). Julius Baer explained in their statement that since the end of June…

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