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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

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