Julius Baer increases Managed Assets to 305 billion francs

Julius Baer announces that it has recorded an increase in deposits of 6 billion, ie by 2% compared to the end of 2015. This progression must constantly increase the supply of capital and consolidation, 1 April 2016, the Italian management company Kairos that manages funds for about 9 billion. A contribution which more than offset the negative trend of the exchange rate fluctuations, primarily the weakness of the US dollar and British pound against the Swiss franc.

The figure divulged by Julius Baer enrolled in the fork of the forecasts of analysts who expected a mass under management of between 290 and 309 billion francs with a consensus at 302.7 billion.

On the first four months of the year, gross margin was inscribed to 95 basis points, taking into account the correction of value positive Kairos. Without this effect, the gross margin would have stood at 91 basis points, 3 less than in the second half of 2015 thanks to a slight improvement of operations for customers.

The bank has hired 30 new customer advisors since the beginning of the year, part in Asia where it intends to strengthen its team during this year.
Julius Baer now owns 80% of Kairos, after taking over 60.1% on 1 April 2016. As of March 1, the bank has increased its stake in its Brazilian subsidiary GPS Investimentos Financeiros e Participações SA from 80% to 100%. Finally, it increased to 1 April 2016 its participation in its subsidiary Julius Baer Wealth Management AG, specializing in the Japanese market, 60% to 100%.