Julius Baer, a Zurich-based bank, reported net inflows of 11 billion francs ($12.5 billion) for the first ten months of 2024. Singapore and India were significant contributors to these inflows.

The bank experienced a 1.7 percent annualized growth rate during the first half of the year, with net inflows of 3.7 billion francs. From July to October, there was a robust increase of 7.5 billion francs, reflecting a 4.8 percent annualized increase. The inflows were primarily driven by clients from strategic key markets such as the UK, Germany, Singapore, India, and the UAE.

Assets under management rose by 12 percent, reaching 480 billion francs, thanks to favorable stock market conditions. However, the bank's gross margin declined from 88 basis points in 2023 to 83 basis points. Additionally, the cost/income ratio increased to 71 percent from 69 percent at the end of the previous year.