Jonas Floriani's questions to Julius Baer Group (JBAXY) leadership • Q4 2015
Question
Jonas Floriani of KBW requested more details on the IT platform renewal, including investment size and timeframe, and asked for visibility on the future evolution of the 'other components of equity' line on the balance sheet.
Answer
CFO Dieter Enkelmann detailed the 'other components of equity,' explaining that the AFS portfolio fluctuates with U.S. dollar interest rates, the defined benefit obligation is linked to discount rates, and FX translation differences are driven by currency movements like the Euro and Brazilian Real against the Swiss Franc, making them difficult to forecast. The IT renewal question was not directly answered in the provided transcript segment.