Julius Baer successfully concluded its 2020-2022 strategic cycle, surpassing financial targets set three years ago, and now possesses the means to fuel growth investments for the next three years, according to Philipp Rickenbacher. He also highlights that there is no prevailing systemic crisis in the Swiss banking sector. The CEO recalls the market’s reaction when Julius Baer initially discussed its […]

The post “It’s possible”: Julius Baer CEO conquers targets, dispels Swiss banking crisis appeared first on Asian Private Banker.

To Philipp Rickenbacher, Asia has been a defining element for Julius Baer’s growth in the last decade and the region where the bank employs some of its best talent. While cost management is an important discipline in wealth management, the CEO believes it is equally important to reinvest in the business. In the second of a two-part series, Rickenbacher shares […]

The post “I can’t uncouple Asia from anything”: Julius Baer CEO talks business and people appeared first on Asian Private Banker.

Philipp Rickenbacher believes we are halfway or three quarters through the pandemic. Instead of waiting for the post-COVID era, Julius Baer’s top man has already started to channel energy into investments that will set the vectors to transition the bank to the future. Mental well-being and innovation have become ever more important for the CEO who harnesses personal “energy” to […]

The post “We advanced in many disciplines”: Julius Baer CEO on innovation, mental well-being and leadership appeared first on Asian Private Banker.

Julius Baer’s 1H21 net profits rose 23% YoY to a record CHF 606 million (US$658 million), mainly on the back of a supportive market, a weaker Swiss franc, and increased net inflows. Operating income rose 8% to nearly CHF 2 billion, on account of the significant growth in commission and fee income. Net commission/fee income was up 12% to CHF […]

The post Julius Baer books record net profit in 1H21 appeared first on Asian Private Banker.

Julius Baer yesterday announced that its profitability “rose significantly” in the first four months of 2021, on the back of strong growth in client assets and a better gross margin. The Julius Baer Group, it added, was “on track to deliver on the targets of the three-year revenue and cost-improvement plan started last year”. AUM at the end of April […]

The post Julius Baer upbeat about revenue target and cost improvements appeared first on Asian Private Banker.

Swiss financial market supervisory authority FINMA has lifted a ban on Julius Baer preventing the bank from undertaking acquisitions and transactions that would increase its operational risk or organisational complexity. FINMA issued the ban in February 2020 following an investigation into AML standards at the wealth manager. The authority concluded that Julius Baer had fallen woefully short in combatting money […]

The post FINMA lifts Julius Baer acquisition ban appeared first on Asian Private Banker.

Julius Baer grew its AUM 2% to CHF 434 billion (US$487 billion) across its wealth management business in 2020, while net income deriving from the sale of financial instruments was up 53% YoY, with a marked increase in income from structured products. Switzerland’s third-biggest bank had experienced a dip in AUM mid-2020 on account of the pandemic, but it raked […]

The post Slight growth in Julius Baer AUM, net income jumps on client trading appeared first on Asian Private Banker.

Investments were surprisingly resilient to a year like no other. Unprecedented monetary easing measures by central banks worldwide ensured the spectre of a recession was staved off, at least for the time being. Rocky start On 31 December 2019, the World Health Organization’s Country Office in China first picked up a statement by the Wuhan Municipal Health Commission on cases […]

The post How COVID-19 upended investments in 2020 appeared first on Asian Private Banker.

The jury may still be out on the silver lining, if any, of the COVID-19 pandemic that has whipsawed the lives of people the world over and the global economy. But the man at the helm of Julius Baer Group AG feels the pandemic was an opportune time for the bank, founded in 1890, to jumpstart its digital transformation. “I […]

The post COVID-19 is a transformational moment in time: Julius Baer’s Philipp Rickenbacher appeared first on Asian Private Banker.

Amid challenging market environment and near-zero interest rates, Julius Baer recorded its highest net profit in history for 1H20 — a YoY increase of 34% — while its AUM slipped 6% YTD, on account of a negative market performance and the strengthening of the Swiss franc. The Swiss bank saw its operating income go up by 9% YoY to CHF […]

The post Julius Baer 1H20 net profit hits record high but AUM dips 6% YTD appeared first on Asian Private Banker.

Julius Baer will rejig its organisational structure and form a new executive leadership team in what the bank says is a move designed to improve client focus and agility. The changes, which take effect at the beginning of 2020, follow the appointment of Philipp Rickenbacher as CEO in July and the bank’s implementation of a CHF 100 million cost-cutting programme […]

The post Julius Baer rejigs org structure, unveils leaner executive team appeared first on Asian Private Banker.

Julius Baer has named a new global CEO who will soon take the reins from Bernhard Hodler, marking a transition two years in the making after Collardi’s abrupt resignation back in 2017. Currently head of intermediaries and global custody, Philipp Rickenbacher will step up to lead the pure play on 1 September 2019 as part of a “long-term succession planning” […]

The post Julius Baer names new CEO in wake of Hodler’s retirement appeared first on Asian Private Banker.

Julius Baer is creating a new unit fully dedicated to serving intermediaries and global custody clients, the Swiss pure play said today. “External asset managers and financial advisors are and have always been valued clients and partners for Julius Baer,” said Bernhard Hodler, CEO of Julius Baer. “The sector has shown a remarkable resilience to the challenging industry trends of […]

The post Julius Baer sets up new unit for intermediaries business appeared first on Asian Private Banker.