Julius Baer Group Ltd. (JBAXY.PK,JBARF.PK) said it is targeting to reduce the pro forma combined staff base of around 5,700 in over 50 locations by 15% to 18%. This is expected to lead to a stand-alone implied cost-income ratio of about 70% and a stand-alone implied pre-tax profit margin on an adjusted profit basis of approximately 25 basis points for the IWM business on Julius Baer's platform in 2015.
The effective tax rate for the combined Julius Baer Group is currently expected to be below 16%.
Julius Baer expects that the transaction will be at least earnings per share neutral in 2014 and is targeting earnings per share accretion of 15% in 2015.
Further, as at the end of August 2012, Julius Baer Group's AuM increased to a new record high of CHF 184 billion, an increase of CHF 14 billion, or 8%, since the end of 2011. Total client assets grew to CHF 276 billion, an increase of CHF 18 billion, or 7%.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.