Among the details, the bank reconfirmed its net new money target of 4-5 per cent by 2028, and said it expects to deliver a net profit, on IFRS terms, that is far higher than in the first half of 2025.

Julius Baer said today that assets under management grew to a record SFr528 billion ($671 billion) at the end of April, helped by SFr3 billion of net inflows in the first four months of this year.

The bank recruited more than 30 relationship managers in the first four months of 2026, and recruitment discussions with close to 50 further candidates are “in an advanced stage,” it said in an update. 

Julius Baer reconfirmed its net new money target of 4-5 per cent by 2028.

Following the softening in client activity observed in April, Julius Baer said it does not expect a return to the “exceptionally high levels of client activity seen in the first quarter of 2026 in the coming months.”

However, the strong overall performance in the opening months – supported by the absence of significant one-off effects – will enable Julius Baer to deliver an IFRS net profit for the first half of 2026 that is “substantially higher than in the first half of 2025.”

Margins
The Zurich-listed bank said its gross margin rose to 90 basis points, compared with an underlying level of 80 bps in the second half of last year – a consequence of what it said was “exceptionally high activity-driven income.”

Its adjusted cost/income ratio stood at 62 per cent and adjusted pre-tax profit margin rose to 32 bps, Julius Baer said in an update.

The group’s Common Equity Tier 1 capital ratio stood at 18.1 per cent, which the bank said is significantly above minimum requirements.

Senior appointments
The bank has appointed Thomas Frauenlob, co-head for the Western Markets and Switzerland region, based in Zurich, and Rajesh Manwani, co-head global products and solutions, based in Singapore, to join its executive board, with effect from 1 June 2026. 

The group general counsel function, held by Christoph Hiestand, will not be part of the executive board in future but Hiestand will continue to report directly to the CEO with no change in day-to-day responsibilities.