(From AFX Europe (Focus))
ZURICH (AFX) - Julius Baer Holdings AG reported better than expected full year net profit of 868 mln sfr, up from 641 mln last year, driven by improved operating income and as investments in growth markets were partly offset by cost synergies.
Analysts polled by AFX News had forecast net profit to reach 554.0-725.0 mln sfr or 652.3 mln sfr on average.
The Swiss private bank's operating income rose by 12 pct to 2.823 bln sfr, while assets under management were up 19 pct at 361.00 bln at the end of 2006.
Net new money reached 27 bln sfr, with private banking contributing 6 bln sfr and asset management …