Julius Baer Gruppe AG

Assets held by India's family offices are projected to grow 1.5 times over the next three years from approximately INR700bn, or $7.1bn, in 2024, according to research by Julius Baer and EY. The report links this growth to a larger pool of wealth, more advanced investment approaches and the rising role of family offices as providers of long-term capital. India currently has more than 19,000 ultra-high-net-worth individuals, a figure projected to cross 25,000 by 2031, and intergenerational wealth transfers valued at roughly $1.3tn to $1.5tn are expected over the next decade. Around 40% to 45% of allocations in many family offices now go to alternative assets including private equity, venture capital, private credit, alternative investment funds, REITs and infrastructure investment trusts, while direct and co-investment activity is increasing in sectors such as AI, climate technology, renewable energy, semiconductors, electronics manufacturing, cloud services and data centre infrastructure.

Dubai's Department of Economy and Tourism has entered an agreement with Julius Baer to help overseas investors, business owners, and family offices establish or expand their activities in the emirate. The partnership aims to create more formal routes for family offices, entrepreneurs, and ultra-high-net-worth individuals within the framework of the Dubai Economic Agenda, D33. Julius Baer head of Region Emerging Markets Rahul Malhotra said the bank's long-standing presence in Dubai gives it the market knowledge to confidently advise clients on where to base their wealth, businesses, and families. The Swiss wealth manager reported assets under management of 547 billion Swiss francs, or 666.9 billion dollars, at the end of June 2026, and its IFRS net profit more than doubled to 673 million francs in the first half of the year. DET said the alliance is intended to help global investors understand Dubai's economic direction and assess it for wealth and enterprise expansion.

Julius Baer's first-half profit more than doubled on sustained money inflows, rebounding from prior-year losses tied to credit provisions and a Brazilian divestment. The Swiss wealth manager reported IFRS net profit of SFr673 million for the six months to June 2026, up 128 percent from SFr295 million in the first half of 2025. IFRS operating income rose 26 percent to SFr2.27 billion, while net interest income climbed 80 percent to SFr130 million. Assets under management grew 5 percent year-to-date to SFr547 billion, and net new money totalled SFr5.7 billion, equal to an annualised 2.2 percent, with inflows recorded across all regions. The group is aiming for gross efficiency gains of SFr130 million by 2028 and reaffirmed its mid-term targets.

Julius Baer Group has appointed Peter Burrill as its new chief financial officer and executive board member, replacing Evie Kostakis. Burrill will assume the role on 17 August 2026, pending final regulatory clearance, while Kostakis will step down after a transition period in the second half of the year. Burrill joins from Standard Chartered, where he most recently served as interim group CFO and was a member of the group management team, having previously spent five years as group head of central finance and deputy CFO. His career also includes senior finance roles at Deutsche Bank and a 20-year tenure at KPMG. CEO Stefan Bollinger highlighted Burrill's extensive international experience and financial expertise as key to strengthening the bank's wealth management franchise.