Julius Baer boosts H1 net profit by 23% : vimarsana.com

Julius Baer boosts H1 net profit by 23%


Julius Baer boosts H1 net profit by 23%
FILE PHOTO: The logo of Swiss private bank Julius Baer is seen at their headquarters in Zurich, Switzerland February 1, 2021. REUTERS/Arnd Wiegmann
July 21, 2021
ZURICH (Reuters) -Julius Baer on Wednesday posted a 23.4% rise in half-year net profit to 606.0 million Swiss francs ($657.9 million), as strong markets and continued client inflows helped the Zurich-based wealth manager grow business.
“Following a record-high net profit in the first half of the year, we are entering the second half from a position of strength,” Chief Executive Philipp Rickenbacher said in a statement.
Wealth and asset managers have continued to benefit from soaring stock markets and continued client activity.

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