Julius Baer claims it is reaping the rewards of a 2018 hiring push as client assets climb, despite plans to cut up to 140 staff this year.
Net new assets grew three percent in the first four months of 2019, driven mainly by inflows from clients in Asia and Europe, the Swiss private bank said.
“Across the group the first four months saw a meaningful contribution from RMs who joined in 2018,” it said in an interim management statement this morning (24 May).
Assets under management at 30 April 2019 reached a record of CHF 427 billion, a 12 percent year-on-year increase.
The bank made a number o...
