The Swiss private bank reports a 1% increase in assets under management, driven by market movements and SFr 3bn in net new money.
Julius Baer’s assets under management reached $672.5bn in the first four months of 2026, up 1% from year-end 2025. The increase was supported by favorable market conditions and SFr 3bn in net new money, offsetting the impact of a stronger Swiss franc.
Net new money growth slowed to an annualized 1.7%, down from 2.7% in the second half of 2025. The bank cited its revised risk framework, Middle East conflict uncertainty, and reduced client releveraging as factors behind the decline.
The bank’s adjusted cost/income ratio improved to 62%, while the pre-tax profit margin rose to 32 basis points from 26 basis points in the prior period. Efficiency measures targeting SFr 130m in savings by 2028 remain on track.