Julius Baer on Thursday said net profit fell 12% in 2022 in a tough market environment, as the Swiss bank said it closed its 2020-22 business cycle by hitting all its financial targets.
in managing the investments of the ultra-wealthy, saw assets under management fall by 12% as global stock and bond markets underwent corrections.
It said the decline in managed assets was somewhat compensated for by a significant acceleration in new money flowing into the bank towards the end of 2022. Net new money totalled 9 billion Swiss francs over the year. "We are closing the 2020–2022 strategic cycle with the second-best result ever," Chief Executive Philipp Rickenbacher said in a statement.
"...This puts us on a strong footing from which we have already started the work for the upcoming three-year cycle."
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Maxine Waters paid daughter $192,000 in campaign funds during 2022 cycle, filings showRep. Maxine Waters, D.-Calif., continues dishing out campaign cash to her daughter to run a moneymaking slate mailer operation involving California politicians.
Baca lebih lajut »
Türkiye increases its tourism income by 53.4% in 2022Türkiye’s tourism income jumps to $46.3 billion in 2022, 53.4% more compared to 2021, the country’s statistical authority says
Baca lebih lajut »
Eurozone’s Economy Outpaced China and U.S. in 2022The eurozone's economy grew faster than China's and the U.S.'s last year, as the fading pandemic continues to scramble traditional patterns of global growth
Baca lebih lajut »
Exxon smashes Western oil majors' earnings record with $56 billion profit for 2022Exxon Mobil Corp posted a $56 billion profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry.
Baca lebih lajut »
Exxon profits at record high in 2022 as energy prices soaredExxon Mobil posted record annual profits for 2022, as Americans struggled with high prices for gasoline, home heating and consumer goods.
Baca lebih lajut »
With the 2022 season behind them, a to-do list for 49ers entering 2023The quarterback position in the wake of injuries is just one of several issues the 49ers must sort out this offseason.
Baca lebih lajut »