Net new assets totaled 2.6 billion Swiss francs ($2.61 billion) for the first nine months of 2022, corresponding to an annualised growth rate of 2.0%, the bank said.
But assets under management fell to 140.9 billion Swiss francs at end-September 2022, down from 172 billion at the end of 2021.
The downturn was mainly driven by negative market performance and the previously announced divestment of the Spanish private bank A&G, the bank said.
Unveiling new financial targets for 2025, the bank said it is now aiming to deliver 15% growth in net profit per year.
It is also targeting an average annual net new asset growth rate of 4-6% over the period, and a cost income ratio of 69%.
"We have set ourselves ambitious targets for 2025 and identified a clear set of measures to achieve continued double digit annual growth," said Chief Executive Giorgio Pradelli in a statement.
($1 = 0.9962 Swiss francs)
(Reporting by John Revill; Editing by Kim Coghill and Rachel More)
