Key Points
ZURICH, July 10 (Reuters) - Swiss bank Julius Baer (BAER.S) can double its assets under management to 1 trillion Swiss francs ($1.12 trillion), CEO Philipp Rickenbacher said in an interview with German daily Handelsblatt on Monday.. Achieving the goal would mean a massive increase from the 429 billion francs in assets that Julius Baer currently manages, but it is possible, the daily reported, adding that Rickenbacher declined to give a timeline on when the target could be achieved...
"But we are in growth mode and such ambitions are not unrealistic," he said, adding that attracting former Credit Suisse clients will take time...
The executive said he expects adjustments to banking regulation in the wake of the Credit Suisse collapse, while measures were required to prevent the rapid withdrawal of cash by customers in an emergency...
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