Kaiser Partner Privatbank reports strong growth in the first half of 2024

Growth and recognition in a challenging environment in 2023

Kaiser Partner Privatbank successfully continued its growth trajectory in the first half of 2024 in a challenging economic and geopolitical market environment. Assets under management increased by 21%, revenues by 39% and profits by 30% in this period compared to the previous year.

The integration of Kaiser Partner Wealth Advisors made an initial positive contribution to the family-owned bank, which is growing significantly in all areas, and strengthens its position as a “private trust bank” with an international network for wealthy families and entrepreneurs.

Significant increase in assets under management

The private bank’s assets under management rose by CHF 1.2 billion to CHF 6.9 billion, which corresponds to an increase of 21%. This reflects clients’ trust in the comprehensive advisory expertise of Kaiser Partner Privatbank with Kaiser Partner Wealth Advisors and the Kaiser Partner Financial Advisors unit (an SEC-registered asset manager in Zurich).

Significantly higher revenues and more profits

Compared to the previous year, Kaiser Partner Privatbank recorded an increase in revenues of CHF 7.0 million to CHF 25 million in the first 6 months of 2024, which corresponds to an increase of 39 %. Profits increased by 30% to CHF 3.7 million. All income dimensions contributed positively to this result. Net interest income grew by 19 % to CHF 4.1 million, while commission and services income rose by 68 % to CHF 16 million. Income from financial transactions increased by 2.6% to CHF 4.3 million.

Kaiser Partner Wealth Advisors

By integrating Kaiser Partner Wealth Advisors, which was previously managed separately, the bank is expanding its offering to include family office services and advisory services for structuring significant international assets.

Outlook

“We are confident that we can continue to grow profitably in the long term,” says Christian Reich, CEO of Kaiser Partner Privatbank. “Our focus remains on consistently aligning our range of services with the needs of our clients in order to make our contribution to the long-term sustainable protection and growth of wealth”.