Julius Baer has reported belongings below administration of SFr 528bn ($672.5bn) within the first 4 months of 2026, representing a 1% rise from the tip of 2025.
It attributed the rise to supportive market actions and SFr 3bn in internet new cash, which collectively had been sufficient to counter the drag from one other rise within the Swiss franc.
The annualised tempo of internet new cash was 1.7%, in contrast with 2.7% within the second half of 2025.
The financial institution linked the decrease fee to the continued roll-out of its revised danger and compliance framework, uncertainty stemming from the battle within the Center East, and a halt in shopper releveraging.
Julius Baer was persevering with efforts to include prices throughout the organisation and enhance working effectivity. It added the programme to ship SFr 130m in gross run-rate effectivity measures by the tip of 2028 remained on target.
The adjusted price/revenue ratio was 62%, in contrast with an underlying 67% within the second half of 2025.
The adjusted pre-tax revenue margin was 32 foundation factors, versus an underlying 26 foundation factors within the H2 2025.
Julius Baer CEO Stefan Bollinger mentioned: “Within the first 4 months of 2026, we delivered the strongest begin to the yr in Julius Baer Group’s historical past when it comes to working revenue, whereas working leverage improved additional. This general robust efficiency was pushed by record-high belongings below administration, exceptionally robust shopper exercise, and sustained price self-discipline. This efficiency is a testomony to the energy of our franchise and the standard of our unbiased, personalised recommendation as we assist shoppers navigate extremely risky markets in unpredictable instances.”
The financial institution mentioned that after weaker shopper exercise in April, it didn’t count on a return within the coming months to the unusually excessive stage of exercise seen within the first quarter of 2026.
It mentioned the general exhibiting within the opening months of the yr, along with the dearth of great one-off objects, meant it was positioned to report IFRS internet revenue for the primary half of 2026 that may be “considerably larger” than within the first half of 2025.
In the meantime, Julius Baer Group’s finance chief Evie Kostakis will step down after a transition interval within the second half of the yr, as she strikes on to a different worldwide management submit.
The Swiss financial institution mentioned it’s engaged on succession plans and can identify a substitute later.
Kostakis is about to remain till the tip of 2026 to assist the handover to her successor.
“Julius Baer AUM hits SFr 528bn, indicators “considerably larger” H1 revenue” was initially created and printed by Non-public Banker Worldwide, a GlobalData owned model.
