Interim Management Statement for the first ten months of 2019[1]
(WorldNews Switzerland)

Assets under management up 10% to CHF 422 billion - Benefits of cost-reduction programme starting to materialise - 2019 full-year results to be impacted by Kairos goodwill impairment - Launch of share buy-back programme of up to CHF 400 million Zurich, 19 November 2019 - In the ten months to the end of October 2019, Julius Baer Group`s assets under management (AuM) grew to CHF 422 billion, a year-to-date increase of 10%. The increase was driven by strong positive market performance and continued net new money inflows, partly offset by the year-to-date strengthening of the Swiss franc against the euro. Philipp Rickenbacher, Chief Executive Officer of Julius Baer Group Ltd., said: `With our...