Profits Rise At Swiss Private Bank

Tom Burroughes, Group Editor, 8 March 2018


Edmond de Rothschild (Suisse) reported its full-year figures for 2017.

Edmond de Rothschild (Swisse) yesterday reported a 30 per cent year-on-year rise in consolidated profit at SFr76 million ($80.5 million), on a pro-forma basis.

When figures for Edmond de Rothschild Bahamas for 2016 are stripped out, there was a published rise of 20 per cent in profits, it said in a statement.

Client assets reached an all-time high of SFr137.4 billion, the firm said. The group said a “refocusing” of its client base and on priority markets removed SFr2.5 billion from assets under management.

Costs fell 0.9 per cent over the year to SFr530 million.

Register for WealthBriefing today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes