Julius Baer Gruppe Namen (JBARF) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Julius Baer 2024 half-year results presentation for media analysts. I'm Alice, the chorus call operator. I would like to remind you that all participants will be listed in only mode and the conference is being recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and one on your telephone. For operator assistance, please press star and zero. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Mr. Nick Dreckmann, CEO at Intrim, and Ms. Evi Kostakis, CFO. Please go ahead. Good morning, ladies and gentlemen, and welcome to the presentation of our half-year results 2024. I look forward to sharing my takeaways of the past couple of months, what we have achieved, and more importantly, providing the context for what we will focus on in the remainder of the year. I'm joined by our CFO Evi Kostakis who will take you through the numbers after my introductory remarks. You will be able to follow our presentation on the screen and the participants who dialed in over the phone will have the opportunity to ask questions at the end of the presentation. So thank you for being here and now let's get started. As you can see from the numbers we released this morning, Julius Baer is clearly regaining momentum thanks to a renewed focus on business generation after an admittedly challenging start to the year. The results of these efforts are reflected in our set of figures today. From February onwards, we have seen net new money inflows at a continuous rate north of 3% throughout the end of June. A clear recovery from a negative January, leading to total inflows of 3.7 billion for the first half and 3.9 billion excluding delev...