Rud, Blass & Cie, a Zurich-based private bank owned by Deutsche Bank, reported a pre-tax profit rise of 61 per cent in 2004 to SFr6.4 millio...

Rud, Blass & Cie, a Zurich-based private bank owned by Deutsche Bank, reported a pre-tax profit rise of 61 per cent in 2004 to SFr6.4 million ($5 million), according to its annual accounts. Client assets rose 41 per cent in 2004 to SFr11.8 billion, with net new money surging by SFr2.8 billion. Fiduciary deposits soared to SFr383 million, reversing the previous year's downward trend. Meanwhile, Deutsche Bank (Suisse) reported a 61 per cent rise in net profits to SFr53.6 million in 2004. The bank manages around SFr31 billion in assets and has offices in Geneva, Zurich and Lugano. Last September, Hans-Jurgen Koch took over as chief executive of Deutsche’s Swiss operations. He replaced Bruno Meier.