Key figures

  31.12.2023 31.12.2022
Assets under management (CHF bn)* 427.4 424.1
Net new money (in period, CHF bn) 12.5 8.7
Total assets (CHF m) 96,786.3 105,643.7
Total equity (CHF m) 6,163.2 6,289.7
Total capital ratio* 24.0% 21.7%
CET1 capital ratio* 14.6% 14.0%
Number of employees 7,425 6,891
Number of relationship managers 1,343 1,248

*In between the half-yearly financial reporting, updates on these figures are published in the 4-month and 10-month Interim Management Statements. 

Further information can be found in the Key figures table below.

Julius Baer’s medium-term financial targets

Medium-term financial targets 2023 - 2025

All targets are based on adjusted results1 Medium-term targets
Cost/income ratio <64%
by 2025
Pre-tax margin 28-31bp
by 2025
Profit before taxes >10% growth p.a.
over 2023-25 cycle
RoCET1 >30%
over 2023-25 cycle

1) Adjusted: Excluding expenses related to acquisitions or divestments (M&A-related expenses) and the taxes on those respective items. For definitions and more details please refer to the Alternative Performance Measures document, available below.

The Group’s own floors are as follows:

  • Total Capital Ratio2: >15%
  • CET1 Capital Ratio3: >11%

2) Total Capital Ratio: Total eligible capital divided by risk-weighted assets in %
3) CET1 Capital Ratio: CET1 eligible capital divided by risk-weighted assets in %

Agency ratings

Currently, Moody’s assigned ratings and outlook to Bank Julius Baer & Co. Ltd. as follows:

  • Long-Term Deposit Rating: A1
  • Short-Term Deposit Rating: Prime-1 (representing the highest possible short-term rating)
  • Long-Term Senior Unsecured and Issuer Rating: A3
  • Counterparty Risk Assessment: A1(cr) for the long term, Prime-1(cr) for the short term
  • Outlook: Negative