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Julius Baer said it concluded a review related to legacy credit issues as inflows of client money drove an increase in assets under management for the first 10 months of the year.
Julius Baer on Monday announced further loan loss allowances of 149 million Swiss francs ($184 million) that will be recognised in the financial accounts in November 2025.
Julius Baer has chosen software provider Temenos to replace its ageing core banking system in the Swiss home market, four people familiar with the matter said, in a quest by the bank to update critical infrastructure amid mounting regulatory requirements.
Swiss private bank Julius Baer is facing significant credit losses after financing real estate projects linked to Germany's now-insolvent Degag Group, the Handelsblatt newspaper reported on Monday. The bank has filed claims for 48 million euros ($55.74 million), which exceeds its 2023 profit in Germany, the paper said, citing a preliminary report to the insolvency administrator.
Julius Bär Gruppe AG (OTCPK:JBAXY) H1 2025 Earnings Conference Call July 22, 2025 2:30 AM ET Company Participants Stefan Bollinger - CEO & Member of Executive Board Conference Call Participants Oliver Hirt - Unidentified Company Operator Ladies and gentlemen, welcome to the Julius Bär 2025 Half Year Results Presentation for Media. I am Sandra, the Chorus Call operator.
Swiss bank Julius Baer on Tuesday reported a net profit of 295 million Swiss francs ($370 million) for the first half of 2025, down 35% year-on-year.
The Swiss bank outlined fresh targets as it seeks to boost growth in its core wealth management business and address legacy issues.
Julius Baer will implement further efficiency measures amounting to 130 million Swiss francs ($158.96 million) by 2028, the Swiss private bank said in a strategy update on Tuesday.
Switzerland-based private bank Julius Baer said on Friday it has appointed Shui Wei Ho and Vi Sun Yang as market heads for South East Asia, effective July 1.
The private-banking group posted lower assets under management for the first four months of the year, but said that client activity was elevated.
Julius Baer does not expect additional major credit losses, CEO Stefan Bollinger said on Wednesday, after the Swiss bank revealed a net charge of 130 million Swiss francs ($156.36 million) in a review of its credit portfolio.
A review of Julius Baer's credit portfolio had saddled it with a net charge of 130 million Swiss francs ($156.36 million), the Swiss bank said on Tuesday as it announced it was replacing its chief risk officer.
Following an embarrassing credit-driven loss, reputational risk was a worry of mine when I first covered Swiss private bank Julius Baer last year. Positively, there's no sign of lasting damage. Baer's net flows were in line with recent historical marks last year, while its second-half net profit represented its second-best on record. Baer's regulatory capital ratio is hovering just above management's trigger level for buybacks. Given its strong capital generation and an upcoming model-driven tailwind, repurchases seem likely next year.
Swiss private bank Julius Baer has been ordered by the country's financial regulator to pay more than 4 million Swiss francs ($4.80 million) over alleged money laundering and compliance failures, according to a person familiar with the matter.
Institutional Shareholder Services has urged Julius Baer shareholders to reject the remuneration package of the Swiss private bank's board of directors over a proposed doubling of the chair's pay to 2 million Swiss francs ($2.26 million).
Swiss private bank Julius Baer delivered a total pay package to its ad interim chief executive officer Nic Dreckmann of 5.8 million Swiss francs ($6.56 million) in 2024, the firm said in its annual report on Monday.
Julius Baer Group is set to name ex-HSBC Holdings chief executive Noel Quinn as its next chairman, Bloomberg News reported on Friday citing people familiar with the matter.
SCB Julius Baer on Tuesday said it has appointed Adrian Mazenauer, currently the head of its wealth management business in Thailand, as its CEO.
Julius Bär Gruppe AG (OTCPK:JBAXY) Q4 2024 Results Conference Call February 3, 2025 2:30 AM ET Company Participants Alexander van Leeuwen - Head of Investor Relations Stefan Bollinger - Chief Executive Officer Nic Dreckmann - Chief Operating Officer and Deputy Chief Executive Officer Evie Kostakis - Chief Financial Officer Conference Call Participants Jeremy Sigee - BNP Anke Reingen - RBC Piers Brown - HSBC Amit Ranjan - JPMC Benjamin Goy - Deutsche Bank Mate Nemes - UBS Stefan Stalmann - Autonomous Giulia Aurora Miotto - Morgan Stanley Nicholas Herman - Citi Hubert Lam - Bank of America Krishnendra Dubey - Barclays Operator Ladies and gentlemen, welcome to the Julius Bär 2024 Full Year Results Presentation for Media and Analyst Conference Call. I'm Sandra, the Chorus Call operator.
Swiss bank Julius Baer on Monday reported a net profit of 1.022 billion Swiss francs ($1.12 billion) for 2024.