reports
- Johann Scholtz
Baer's international expansion increases its long-term growth potentia...
Julius Baer has spent much of the past decade transforming itself into a force to be reckoned with in Switzerland's clubby private banking world. It doubled in size in 2005 when it purchased three Swiss private banks and an asset manager, and it grew another 40% through its acquisition of Merrill Lynch's non-U.S. wealth-management business, International Wealth Management, or IWM. In 2016, Baer increased its stake in and gained control of Kairos, an Italian investment management firm, adding aro...
- Stephen Ellis
Julius Baer Gives Four-Month Update; Previous Hiring Efforts Drive Net...
Wide-moat Julius Baer published a short update on its performance for the first four months of 2017, presenting good net new money generation and an improving trend in the cost/income ratio. The addition of 116 new relationship managers during the second half of 2016 is starting to bear fruit, delivering accelerated inflows to assets under management in the middle of Baer’s targeted 4%-6% range. As a result, total assets under management grew CHF 20 billion or 6% to CHF 356 billion in the fi...
- Stephen Ellis
Baer's international expansion increases its long-term growth potentia...
Wide-moat Julius Baer reported solid fourth-quarter and full-year results. We plan to maintain our CHF 50/$10.25 fair value estimate and wide moat rating. In 2016, Baer focused on strengthening its position as a global private bank with acquisitions and an increase in relationship managers. Baer added 116 new relationship managers, a high number relative to historical levels of around 40 per year. Excluding positive contributions from fair value adjustments of the Kairos acquisition, this hiring...
- Stephen Ellis
Julius Baer Reports Solid 4Q and Full-Year Results; Shares Fairly Valu...
Wide-moat Julius Baer reported solid fourth-quarter and full-year results. We plan to maintain our CHF 50/$10.25 fair value estimate and wide moat rating. In 2016, Baer focused on strengthening its position as a global private bank with acquisitions and an increase in relationship managers. Baer added 116 new relationship managers, a high number relative to historical levels of around 40 per year. Excluding positive contributions from fair value adjustments of the Kairos acquisition, this hiring...
- Stephen Ellis
Julius Baer Sees Acquisitions and Hiring Efforts Take Effect; Shares F...
Wide-moat Julius Baer is inching closer to its medium-term targets. In its third-quarter results, the company reported net new money inflows of 4% annualised, primarily thanks to hiring of relationship managers in the first half of this year taking effect. This brings the company closer to its 4%-6% target range for 2017. Further, assets under management benefited from positive market performance and the integration of the Kairos and CISAL acquisitions, which contributed CHF 9 billion and CHF 3 ...
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