May 15, 2014 / 5:41 AM / 4 years ago

BRIEF-RHJ International targets annualised net new inflows of 4-6 pct of AUM

May 15 (Reuters) - Rhj International Sa

* Assets under management (“aum”) at bhf-bank increased to 38.9 billion (31 december 2013: 38.5 billion),

* Improved banking margins and treasury performance helped drive a small uplift in revenues at kleinwort benson wealth management (“kbwm”)2.

* Management is targeting pre-tax profitability of >60 million supported by annualised net new inflows of 4-6% of aum.

* The aim is to deliver these two years after the transformation of bhf-bank has been completed, and will be driven primarily by revenue synergies, balance sheet management, cost reduction and efficiency improvements. Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below