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    Jon Peace

    Director and Equity Research Analyst at Credit Suisse

    Jon Peace is a Director and Equity Research Analyst at Credit Suisse, specializing in coverage of the European banking sector with a focus on institutions such as ING Group. He is recognized for delivering high-level insights on financial performance metrics like net interest income and return on equity, regularly participating in earnings and analyst calls for leading European banks. Peace began his analyst career at Fox-Pitt, Kelton before joining Credit Suisse, bringing over two decades of experience in investment banking and equity research. He is known for robust analysis and sector expertise, maintaining a strong professional reputation among institutional investors though formal industry rankings and credential details are not broadly disclosed.

    Jon Peace's questions to Julius Baer Group (JBAXY) leadership

    Jon Peace's questions to Julius Baer Group (JBAXY) leadership • Q2 2022

    Question

    Jon Peace of Credit Suisse sought clarification on the full-year cost-to-income target, asking if "mid-60s" meant sub-67% or something more optimistic. He also inquired about the mechanics of the share buyback program, particularly if the CET1 ratio ended the year close to the 14% threshold.

    Answer

    CFO Evie Kostakis clarified the cost-to-income target is to be below 67%, in line with the 2020-22 strategic goals. Regarding the share buyback, she explained that the execution timing is linked to the capital level; a year-end CET1 ratio of 14.5% or 15% would likely lead to a faster buyback over a shorter period rather than no buyback at all.

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    Jon Peace's questions to Julius Baer Group (JBAXY) leadership • Q4 2015

    Question

    Jon Peace of Nomura asked for insight into how the company expects to position itself within the new 64% to 68% cost/income ratio target range over the medium term, considering growth and investment plans.

    Answer

    CFO Dieter Enkelmann expressed confidence in achieving a cost/income ratio within the new 64-68% range by 2018. He stated that this target accounts for normal client activity volatility, planned technology spending, and benefits from the 'Your Wealth' initiative. While the path might not be a straight line, the firm is confident in reaching the target within the three-year horizon.

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