Julius Baer: Profit Drops While AUM Hits Record in 2025
In CEO Stefan Bollinger's first year on the job, Zurich-based Julius Baer’s profit fell but assets under management reached record levels.
Julius Baer’s assets under management grew 5 percent year-on-year to a record 521 billion Swiss francs ($672 million) in 2025, according to the bank’s financial results. This was driven by net new money inflows of 14.4 billion francs alongside rising equity markets. Inflows were mainly from clients domiciled in key markets in Asia, especially Hong Kong, India, Singapore and Thailand, as well as Western Europe and the Middle East.
Net profit fell 25 percent to 764 million francs with a net credit loss of 213 million francs while operating income and expenses were up 6 percent and 1 percent, respectively.
Medium-Term Transformation Journey
In addition, the bank also highlighted the initiation of its comprehensive medium-term transformation journey which covers two core focus areas.
First is to address and resolve legacy issues while further de-risking the business. This includes the simplification of the operating model, revision of the compensation mechanism, and the launch of a group-wide culture and conduct program.
The second area is defining and executing the new strategic direction presented to stakeholders in June 2025, which involves balancing growth, risk, and cost discipline with multiple efforts under way such as the rollout of a new global finance program, the launch of an IT infrastructure modernization project in Switzerland and a fully operational global products & solutions unit.
«We delivered a strong business performance in 2025, which is testament to our resilience, the continued trust of our clients, and the great commitment of our people. We are now fully focused on delivering profitable growth and the execution of our strategic transformation,» remarked Julius Baer CEO Stefan Bollinger.
