Julius Baer: Substantial Growth In Assets Under Management In First 10 Months Of 2024

Julius Baer Gruppe AG BAER:

• IN FIRST TEN MONTHS OF 2024, JULIUS BAER REALISED SUBSTANTIAL GROWTH IN ASSETS UNDER MANAGEMENT (AUM)

• CET1 CAPITAL RATIO IMPROVED TO 16.7%

• STRONG CAPITAL-GENERATING NATURE OF GROUP'S BUSINESS MODEL

• JULIUS BAER'S DESIGNATED CEO STEFAN BOLLINGER WILL START ON 9 JANUARY 2025.

• IN FIRST TEN MONTHS OF 2024, AUM ROSE TO CHF 480 BILLION

• TOTAL CLIENT ASSETS REACHED A RECORD HIGH OF CHF 570 BILLION

• INCREASE IN AUM WAS DRIVEN BY STRONG STOCK MARKETS AS WELL AS SOLID NET INFLOWS OF CHF 11 BILLION

• IN FIRST TEN MONTHS OF 2024, NUMBER OF RELATIONSHIP MANAGERS GREW BY 46 FULL-TIME EQUIVALENTS (FTES) TO 1,389

• IN FIRST TEN MONTHS OF 2024, GROSS MARGIN DECREASED TO 83 BASIS POINTS

• 10M SOLID NET INFLOWS OF CHF 11 BILLION

• NET NEW MONEY INCLUDED A LARGE SINGLE TRANSACTIONAL INFLOW OF WHICH MAJORITY LEFT IN NOVEMBER