Reyl Group, the Swiss private client advisory firm, recorded a surge in assets under management of 61.8 per cent in 2012 to SFr7.3 billion ($7.6 billion), according to the firm's latest annual report.

Revenues for the year reached SFr71.7 million, a gain of 34 per cent from the previous period.

Net income increased by 69.8 per cent to SFr8.8 million for 2012.

The firm said inflows related to onshore wealth management and corporate finance activities enabled it to increase its assets under management by 72.4 per cent to SFr5 billion in 2012.

As a result of the funds' performances being ranked among the best in their class, Reyl Asset Management posted the strongest results in its history, with an increase in assets of 43 per cent to SFr2.3 billion, the firm said.

"The quality of these annual results can partly be attributed to the improvement in the global economic and financial background of 2012. Reyl benefited from a slightly stronger economic recovery than expected, improved financial markets behaviour, and the stabilisation of the Swiss franc. More importantly, these developments reflect the results of a decade-long strategy aimed at diversifying the group's business lines to meet with the requirements of clients in high-growth countries," said François Reyl, chief executive of Reyl Group.