Tue, Nov 21, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Swiss wealth and asset manager REYL Group posts positive results for 2012

Thursday, May 30, 2013
Opalesque Industry Update - In 2012, the REYL Group posted another year of positive financial results, validating the pertinence of its business model. In 2012, assets under management increased by 61.8%, to CHF 7.3 billion. Revenue reached CHF 71.7 million (+34.1%) and net income CHF 8.8 million (+69.8%).

The quality of these annual results can partly be attributed to the improvement in the global economic and financial background of 2012. REYL & Co benefited from a slightly stronger economic recovery than expected, improved financial markets behaviour, and the stabilisation of the Swiss Franc vis-à-vis most clients' benchmark currencies.

More importantly, however, these developments reflect the results of a decade-long strategy aimed at diversifying the Group's business lines, to meet with the requirements of institutional investment clients and entrepreneurs based in high-growth countries. Business segments such as onshore wealth management, investment fund management and distribution as well as corporate finance advisory services have all made significant progress.

In 2012, inflows related to onshore wealth management and corporate finance activities enabled the Bank to increase its assets under management by 72.4% to CHF 5.0 billion. Reyl Asset Management, the Group affiliate specialised in managing and distributing a range of investment funds for institutional investors, also strongly contributed to the Group’s expansion. As a result of the funds performances being ranked among the best in their class, Reyl Asset Management posted the strongest results in its history, with an increase in assets of 43% to CHF 2.3 billion.

"These results are for us a great incentive and we intend to continue developing the Group with the same dynamism", said François Reyl, Chief Executive Officer. "We have a number of ongoing projects and we will be enhancing our range of products and services still further, particularly in the areas of investment funds, capital-markets activities, mergers & acquisitions and private equity."

Press release

About REYL & Co
With headquarters in Geneva, and offices in Zurich, Lugano, Paris, London, Luxembourg, Singapore and Hong Kong, the REYL Group manages assets of approximately CHF 8 billion. It comprises three separate, yet complementary, lines of business:
Wealth Management, within REYL & Co
Asset Management, through a range of long-only and alternative equity and fixed income funds, managed by Reyl Asset Management
Private Office Services offered by Reyl Private Office

Founded in 1973, REYL & Co is a bank operating under the direct control of the Swiss Financial Market Supervisory Authority (FINMA) and the Swiss National Bank. www.reyl.com

Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Middle East - Saudi-Iran war would create this domino effect of global disaster, Saudi billionaires said to move funds from region to escape asset freeze[more]

    Saudi-Iran war would create this domino effect of global disaster From CNBC.com: Events appear to be spinning out of control in the Middle East, and the threat a Saudi-Iranian war is looking increasingly credible. Make no mistake, an out and out conflict between the two nations would be

  2. Launches - Eaton Vance, Oaktree to launch diversified credit NextShares fund, FIM launches Nordic AI-powered fund[more]

    Eaton Vance, Oaktree to launch diversified credit NextShares fund Eaton Vance Management, a subsidiary of Eaton Vance Corp., announced the expected mid-November launch of Eaton Vance Oaktree Diversified Credit NextShares, a new Eaton Vance-sponsored exchange-traded managed fund. Eaton Va

  3. Outlook - Gundlach's stock market warning comes true[more]

    From Bloomberg.com: Jeffrey Gundlach has been warning something's got to give. Based on the past two days, looks like we have our answer. Stocks fell around the world a second day and high-yield bonds headed for a fourth straight loss, resuming a historic correlation that the hedge fund manager on W

  4. Investing - Six more Warren Buffett buys, including Southwest Airlines, Seth Klarman's Baupost Group bets on beaten-up health care, Roark Capital offers to buy Buffalo Wild Wings: Wall Street Journal[more]

    Six more Warren Buffett buys, including Southwest Airlines From Forbes.com: Our latest recommendation for aggressive investors is Restaurant Brands International . Hedge fund manager Bill Ackman has an incredible 40.1% of his fund at Pershing Square Capital Management invested in Restaur

  5. Investing - Tages Capital steps in to rescue Italy's Banca Carige, Hedge funds place $5.4bn bet on Toshiba's resurrection, Why outside investors are fleeing: John Paulson's 6 worst investments[more]

    Tages Capital steps in to rescue Italy's Banca Carige From TheTimes.co.uk: A little known London hedge fund has played a pivotal role in the first rescue of an Italian bank without state intervention since the country's bad debt crisis started three years ago. Banca Carige, a Genovese le