We're 'Proud' of Net New Money Figure, Says Julius Baer CEO

The transcript discusses the challenges faced by Julius Baer in terms of market performance, asset management, and stock performance. It highlights the company's strategies to address these issues, including entering new markets and focusing on personnel management. The discussion also covers concerns about potential takeovers and the company's market position. Finally, it provides insights into client activity and the market outlook for the coming year.

What was one of the main reasons for Julius Baer's asset loss in 2018?

• Increased performance-based fees

• Market developments and weak equity markets

• Strong equity markets

• High client activity

What is one of the strategies Julius Baer is using to achieve its 2019 targets?

• Focusing solely on existing markets

• Increasing performance-based fees

• Entering new markets like Thailand and Japan

• Reducing the number of relationship managers

How many relationship managers does Julius Baer aim to hire annually?

• 50

• 120

• 100

• 80

What is one reason Julius Baer is not concerned about being a takeover target?

• Service industry nature requiring client and personnel retention

• Lack of interest from competitors

• High stock price

• Low price to book ratio

What positive market condition is mentioned for the start of the year?

• Decreased equity markets

• Lower client activity

• Unfavorable exchange rates

• Equity markets up by almost 7%