Profits at wealth and asset manager Mirabaud fell 13 percent year-on-year in the first six months of this year, the group has reported.

Consolidated profit came in at CHF 26.1 million for the six months ending 30 June 2019, versus CHF 29.9 million for the same period last year. The result was in line with expectations, senior managing partner Yves Mirabaud said.

Assets under management across the business grew 5 percent over the course of H1, to CHF 34 billion.

Income for the first half of 2019 was CHF 164.6 million (from CHF 174.0 million in the first half of 2018), mainly reflecting a large drop in commissio...