Despite Julius Baer’s increase in assets under management (AUM) of 4% in the first four months of 2012, cost-income ratios have been squeezed above 70% attributed to reduced levels of client activity, especially in equities and foreign exchange, dampened by subdued risk appetite. The bank has stated that it has taken a number of steps to bring down the cost-income…
Have a confidential tip? Get in touch [email protected]