Credit: REUTERS/ARND WIEGMANNZURICH, May 24 (Reuters) - Assets under management at Swiss private bank Julius Baer BAER.S rose 12% in the first four months of 2019 to a record 427 billion Swiss francs ($425.34 billion), it said on Friday, helped by strong markets, exchange rates, fund inflows and an acquisition.
"After a soft start to the year, net new money growth accelerated towards the end of the period, resulting in a growth rate of 3% (annualised)," it said, pointing to inflows from clients in Asia and Europe and new relationship managers hired last year.
($1 = 1.0039 Swiss francs)
(Reporting by Michael Shields Editing by Tassilo Hummel)
((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
