Julius Baer first half profit more than doubles on strong inflows

Julius Baer's first-half nett much than doubled connected sustained wealth inflows, rebounding from prior-year losses tied to recognition provisions and a Brazilian divestment.

The Swiss wealthiness manager reported IFRS nett net of SFr673m ($831.2m) for the six months to June 2026, up 128% from SFr295m in the archetypal fractional of 2025.

IFRS operating income stood astatine SFr2.27bn successful the archetypal fractional of 2026, an summation of 26% from SFr1.81bn successful the year-ago period.

Net involvement income climbed 80% year-on-year to SFr130m.

Net recognition losses connected fiscal assets were SFr23m, compared with SFr130m successful the archetypal fractional of 2025.

IFRS operating expenses accrued 2% to SFr1.46bn from SFr1.44bn a twelvemonth earlier.

The radical said it is aiming for gross ratio gains of SFr130m by 2028.

In the archetypal fractional of 2026, costs to execute linked to the programme were SFr7m, portion nett savings from the program were SFr11m.

Assets nether absorption (AuM) grew by 5% year-to-date, reaching SFr547bn.

The summation came from stronger markets, currency movements and continued nett caller wealth inflows.

With assets nether custody of SFr102bn included, full lawsuit assets stood astatine SFr649bn.

Net caller wealth totalled SFr5.7bn, adjacent to 2.2% connected an annualised basis.

Inflows were recorded crossed each regions, with occidental Europe, including Switzerland, making a peculiarly beardown contribution.

Client releveraging, which had paused during the archetypal 4 months of 2026, resumed aboriginal successful the period.

Julius Baer Group CEO Stefan Bollinger said: "Overall, we delivered a beardown operating show successful the archetypal fractional of 2026, reporting grounds nett profit, driven by pronounced lawsuit activity, all-time precocious assets nether management, sustained nett caller wealth inflows, and continued betterment successful operating leverage. This underscores the spot of our concern exemplary and our team's quality to enactment clients efficaciously done marketplace complexity and volatility. 

"Today's results correspond a coagulated commencement to our caller three-year strategical cycle. We are making dependable advancement crossed each of our priorities done disciplined execution and accordant delivery, with a peculiar absorption connected reigniting integrated growth. We are pleased to reaffirm our mid-term targets."

Earlier this month, Julius Baer Group named Peter Burrill as main fiscal officer (CFO) and executive board member, replacing Evie Kostakis. 

Burrill will instrumentality connected the caller responsibility on 17 August 2026, pending last regulatory clearance. 

"Julius Baer archetypal fractional nett much than doubles connected beardown inflows " was primitively created and published by Private Banker International, a GlobalData owned brand.