BRUSSELS/FRANKFURT/PARIS (dpa-AFX) – Julius Baer Group Ltd. (JBARF.PK, JBAXY.PK) announced that in the first ten months of 2024, assets under management reached 480 billion Swiss francs, year-to-date. increase of 12%. Total customer assets amount to 570 billion Swiss francs. The company said the increase in assets under management was driven by strong stock markets as well as strong net inflows of 11 billion francs. The Group’s CET1 capital ratio improved to 16.7%. In the first ten months of 2024, gross margin fell to 83 basis points. During the first ten months of 2024, the number of account managers increased by 46 full-time equivalents to reach 1,389.

The Group currently expects the IFRS net result for 2024 to be significantly higher than that achieved during the 2023 financial year.

The Group has confirmed that Stefan Bollinger, new CEO, will join Julius Baer on January 9, 2025.

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