REYL Group reports satisfactory 2020 financial results with a 14% growth in assets under administration to CHF 15.5 billion

Despite a challenging business environment owing to the COVID-19 pandemic, the REYL Group reported 2020 financial results characterised by a sharp increase in assets under administration and the continuation of its ambitious investment programme in impact investing (Asteria Obviam) and digital banking (Alpian). The conclusion of a strategic partnership with the Fideuram - Intesa Sanpaolo banking group in October 2020 also marked the beginning of a new and promising chapter for the Group.

As at 31 December 2020, the REYL Group reported CHF 15.5 billion in assets under administration (+14%), of which CHF 1.5 billion was in net new assets, together with operating income of CHF 91.7 million (+1%) and consolidated net profit of CHF 6.2 million (-25%). The drop in consolidated net profit was mainly due to the investment expenses related to the development of the Group’s global sales force, the setting up of a comprehensive team at Asteria Investment Managers and the assumption of advisory costs in the context of the Fideuram - Intesa Sanpaolo and Obviam AG strategic partnerships. The Tier 1 ratio stood at 18%.

In addition, the Bank’s subsidiaries in Switzerland and abroad confirmed their improved profitability. On a consolidated basis, their assets under administration grew sharply to CHF 3.9 billion (+22%), with the largest increases coming from REYL Finance MEA in Dubai (+CHF 372 million, +24%) and REYL Overseas AG in Zurich, which specialises in advising US clients under an SEC licence (+CHF 72 million, +24%). The Group continued to attract new talent, with a 245-strong workforce at the end of 2020, up 9% year-on-year.

In 2021, the Group intends to pursue its transversal development into impact investing, with Asteria Investment Managers and Obviam called to become a leading Swiss player managing both listed and private assets, as well as into digital banking for mass-affluent clients with Alpian, which recently finalised a B series fundraising of USD 18 million.

Related publications

REYL Press release
Press Releases
REYL Overseas is proud to have won the Solutions for International Americans award at the Eighth Annual Family Wealth Report...
In the news
The private banking market is constantly evolving. But the changes have been small so far. With all the global innovations from...