Julius Baer Reports Better-than-Expected Inflows Under New CEO Bollinger

Julius Baer reported better-than-expected inflows of 7.9 billion Swiss francs in H1, exceeding the 6.5 billion francs estimated by analysts. Net income fell 35% to 295 million francs due to a loan loss allowance and divestment in Brazil. New CEO Stefan Bollinger is revamping the wealth manager after losses from the collapse of Rene Benko's real estate empire. Shares have declined 3.9% this year, while peers have risen.

Julius Baer Group Ltd. reported better-than-expected inflows in the first half of 2025, with clients adding a net 7.9 billion Swiss francs ($9.9 billion), exceeding the 6.5 billion francs estimated by analysts [1]. The wealth manager's net income, however, fell 35% to 295 million francs, below the 362 million francs analysts had estimated [2]. This decline was primarily attributed to a previously disclosed loan loss allowance and a divestment in Brazil.

The improved inflows come as the bank's new CEO, Stefan Bollinger, seeks to revamp the wealth manager following a series of missteps and losses linked to the collapse of Rene Benko's real estate empire. Bollinger and Chairman Noel Quinn are working to put the bank on a path for growth again, despite a drip feed of bad news [1].

In May, Julius Baer booked a large loss from property developments it helped finance, resulting in a 130 million-franc charge related to its private debt business and selected positions in its mortgage operation. This charge further impacted the bank's financial performance in the first half of the year [1].

Despite the challenges, shares of Julius Baer have declined 3.9% this year, while peers across Europe have risen. Bollinger has slashed the top management ranks and cautioned that his restructuring efforts will push up expenses at first, before bearing fruit from next year [1].

References:
[1] https://www.bloomberg.com/news/articles/2025-07-22/julius-baer-inflows-beat-as-ceo-bollinger-revamps-wealth-manager
[2] https://www.marketscreener.com/news/julius-baer-net-profit-of-370-million-ce7c5cdcdc89f72d