While Ackermans demonstrated its overall resilience in H1, with the core segments’ contribution down by only 4% yoy, H1 23 was a mixed bag for the holding company, which saw its Real Estate and Energy and Resources segments decline sharply. Fortunately for the HoldCo, the Private Banking division performed particularly well, with booming AuM and high net income. Despite the macro-economic headwinds, the group is confident in the positive operating momentum of its core segments, and has reaffirme ....
31 Aug 2023
Private Banking division rescues Ackermans
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Private Banking division rescues Ackermans
- Published:
31 Aug 2023 -
Author:
Saïma HUSSAIN -
Pages:
4
While Ackermans demonstrated its overall resilience in H1, with the core segments’ contribution down by only 4% yoy, H1 23 was a mixed bag for the holding company, which saw its Real Estate and Energy and Resources segments decline sharply. Fortunately for the HoldCo, the Private Banking division performed particularly well, with booming AuM and high net income. Despite the macro-economic headwinds, the group is confident in the positive operating momentum of its core segments, and has reaffirme ....