Will See Cost Cut Benefits in 2H of 2019, Says Julius Baer’s CEO

The transcript discusses Julius Baer's financial performance, highlighting a substantial recovery and robust net inflows. It covers cost management strategies, client behavior in a negative yield environment, and leadership transitions. The discussion also touches on stock performance, growth potential, and the impact of negative interest rates on asset allocation and market strategies.

What was the net profit of Julius Baer in the second half of 2018?

• 500 million

• 600 million

• 391 million

• 250 million

Which regions contributed to the robust net inflows for Julius Baer?

• Australia, Antarctica, Arctic

• Asia, Europe, Middle East

• Central America, Caribbean, Pacific Islands

• North America, South America, Africa

What is the expected outcome of the cost-cutting measures implemented by Julius Baer?

• Higher liquidity levels

• Increased market volatility

• Improved cost-income ratio

• Decreased client satisfaction

How are clients reacting to the current market conditions according to the transcript?

• Investing heavily in stocks

• Holding high levels of liquidity

• Selling off all assets

• Investing in real estate

What strategic focus did Julius Baer emphasize in recent years?

• Increasing physical branches

• Expanding into new markets

• Focusing on fee-based income

• Reducing digital presence

What challenge do negative interest rates pose for Julius Baer?

• Higher profit margins

• Easier asset allocation

• Increased client satisfaction

• Difficulty in advising on asset allocation

What has Julius Baer done to address the challenges of negative interest rates?

• Increased interest rates

• Reduced client base

• Offered alternatives for liquid assets

• Stopped offering loans