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# Switzerland's Julius Baer delivers record H1 2026 net profit on all-time high assets under management
- URL: https://www.theglobalbanker.com/julius-baer-h1-2026-record-net-profit-all-time-high-aum/
- Published: 2026-07-21T11:59:00.000Z
- Updated: 2026-10-02T00:49:11.000Z
- Description: Julius Baer posted record H1 2026 net profit with adjusted operating income of CHF 2.28 billion, up from CHF 1.91 billion, as assets under management hit an all-time high.
- Author: TGB Editorial Team
- Tags: Banking News, Europe

Julius Baer, the Zurich-based private banking group, reported a record net profit for the first half of 2026, alongside adjusted operating income of CHF 2,276 million and an all-time high in assets under management, according to figures published with its half-year results.

Adjusted operating income of CHF 2,276 million marked a substantial increase from CHF 1,910.3 million in the first half of 2025, with the group citing significantly increased client activity and an all-time high in assets under management.

#### ASSETS UNDER MANAGEMENT AT RECORD HIGH

Julius Baer said the record net profit was supported by the all-time high in assets under management. 

Assets under management rose 5% year to date to a record CHF 547 billion, driven by positive market performance, favourable currency movements and net new money of CHF 5.7 billion. High client activity lifted brokerage commissions and income from securities underwriting by 12% to CHF 448 million, while recurring fee income rose 10% to CHF 984 million.

#### OPERATING LEVERAGE DRIVES PROFITABILITY

Adjusted operating income of CHF 2,276 million was up from CHF 1,910.3 million a year earlier, an increase of about 19%. The group cited a further improvement in operating leverage, with its adjusted cost/income ratio falling to 62.6% from an underlying 68.2% a year earlier.

Julius Baer said the first-half performance reflected the combination of the record AuM level, pronounced client activity and the operating leverage benefit, culminating in the record net profit outturn. IFRS net profit more than doubled to a record CHF 672 million from CHF 295 million a year earlier.

Julius Baer confirmed its medium-term targets, including net new money growth of 4-5% by 2028, and said all regions recorded net inflows.