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Julius Baer reports record client assets

Julius Baer earnings increased by 8% over the first half this year, to SFr261m (US$248m). Assets under management went up 8% to SFr166bn since the end of 2009 driven by the acquisition of ING Bank (Switzerland). Profit before taxes improved by 14% year on year to SFr323m, while net profit improved by SFr19m, or 8%, to SFr261m. The takeover of…

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