Julius Bär Gruppe AG Earnings Call Transcript

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Julius Bär Gruppe AG (OTCPK:JBAXY) Q2 2024 Earnings Conference Call July 25, 2024 3:30 AM ET

Company Participants

Nic Dreckmann - Interim CEO
Evangelia Kostakis - CFO

Conference Call Participants

Kian Abouhossein - JPMorgan
Máté Nemes - UBS
Anke Reingen - RBC
Jeremy Sigee - BNP Paribas Exane
Vishal Shah - Morgan Stanley
Stefan Stalmann - Autonomous
Nicholas Herman - Citi
Hubert Lam - Bank of America

Operator

Ladies and gentlemen, welcome to the Julius Bär 2024 Half Year Results Presentation for Media and Analysts. I'm Alice, the Chorus Call operator. [Operator Instructions] And the conference is being recorded. [Operator Instructions] The conference was not recorded for publication or broadcast.

At this time, it's my pleasure to hand over to Mr. Nic Dreckmann, CEO at Interim; and Ms. Evie Kostakis, CFO. Please go ahead.

Nic Dreckmann

Good morning, ladies and gentlemen, and welcome to the presentation of our half year results 2024. I look forward to sharing my takeaways of the past couple of months, what we have achieved and more importantly, providing the context for what we will focus on in the remainder of the year. I'm joined by our CFO, Evie Kostakis, who will take you through the numbers after my introductory remarks. You will be able to follow our presentation on the screen, and the participants who dialed in over the phone will have the opportunity to ask questions at the end of the presentation. So thank you for being here, and now let's get started.

As you can see from the numbers we released this morning, Julius Bär is clearly regaining momentum, thanks to a renewed focus on business generation after an admittedly challenging start to the year. The results of these efforts are reflected in our set of figures today.

From February onwards, we have seen