Julius Baer Group Ltd. said the worst of the market selloff may be over for the Swiss wealth manager after a first half that was one of the most difficult in decades.
Clients have started to come back and will probably look for ways to make money again in the second half, Chief Executive Officer Philipp Rickenbacher said in an interview Monday. First-half profit slumped 26% as wild market swings spooked wealthy investors and eroded assets the firm oversees for the rich.
