Julius Baer : A necessary strategic shift but the execution risks are real
>Strategic re-direction – focus on earnings growth - JB is transitioning from a strategy driven by inflows and AuM growth to targets expressed in terms of earnings growth. As such, the target for full-year inflows equating to 4-6% of AuM has been replaced by growth in pre-tax underlying earnings of over 10% per year. The other 2022 targets are also centred on profitability:a cost/income ratio of under 67% (2019 = 71%): JB is targeting CHF 150m in additional reven...Julius Baer is engaged in private banking activities primarily in Switzerland, Europe, Asia and South America. Co. focuses in private banking, which includes certain internal supporting functions which serve entirely the core business activities.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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