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© Reuters. File photo: The logo of Swiss private bank Julius Baer is displayed at its headquarters in Zurich, Switzerland on February 1, 2021. REUTERS/Arnd Wiegmann
Zurich (Reuters)-Julius Baer announced on Wednesday that its half-year net profit increased by 23.4% to 606.0 million Swiss francs (657.9 million US dollars) as a strong market and continued customer inflow helped the Zurich-based wealth management company realize its business increase.
“Following a record high in net profit in the first half of the year, we are entering the second half of the year with a strong stance: fully focused on realizing our strategy and ready to take advantage of our position as the employer of choice and capture the growth of our core market when opportunities arise, “CEO Philipp Rickenbacher (Philipp Rickenbacher) said in a statement.
It also stated that it is acquiring an 83% stake in Zurich-based real estate service provider Kuoni Mueller & Partner as part of expanding its real estate products.
(1 USD = 0.9211 Swiss francs)
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