Wealth and Asset Management
Geneva private bank reveals 13% rise in AUM
Private banking group CBH delivered a 13% increase in assets under management to CHF 18.4bn last year. This was driven by net new money of CHF 2bn. Operating expenses rose 19% to CHF 113.5m. Staff costs accounted for half of this increase. The operating profit declined to CHF 55.7m. It…
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