Syz & Co. said its AUM at the end of 2012 was CHF 25bn (£18bn, €20bn), an 18% increase on its AUM at the end of 2011. The bank and asset management firm said 53% of the CHF 3.9bn growth was due to inflows of new funds, with the remaining 43% attributable to asset performance.
The company said the increase was derived from private banking, institutional asset management and investment funds.
Revenue remained stable at CHF 185.7m compared with CHF 186m in 2011 and Syz & co. said its equity and capital reserves have remained high, with its Tier 1 ratio increasing to 27.8% at the end of 2012.
