Bernhard Bauhofer, founder of Sparring Partners GmbH, which advises financial companies on managing their reputations, said Baer has contained the threat posed by Elmer.
"The industry is starting to get used to this problem" of data theft, said Bauhofer. "Any damage from WikiLeaks seems to be under control as they managed it properly."
Whistleblower
Elmer, who worked for Baer for 15 years, was found guilty in a separate case on Jan. 19 of making a death threat against a bank employee and of breaking Switzerland's client-secrecy laws.
Elmer "is a whistleblower and he has important things to say," Assange told reporters in London on Jan. 17. He said the data will take at least two weeks to check and disseminate.
WikiLeaks was not immediately available for comment after being e-mailed by Bloomberg News.
WikiLeaks drew condemnation from the U.S. government for posting thousands of classified diplomatic communications and military documents on its website, including a video of a July 2007 helicopter attack in Iraq that killed a Reuters television cameraman and his driver.
Analysts at Goldman Sachs Group Inc. expect client inflows to reach the top of Baer's 4% to 6% target range. The New York-based firm has increased its price target for Baer shares to 54 francs. The stock gained 25% in the past 12 months, closing yesterday at 43.15 francs.
Returning Capital
"We no longer factor in an adverse scenario related to taxation issues" as negotiations between Switzerland and governments in the U.K. and Germany will provide greater clarity, the Goldman Sachs analysts, including Jean-Francois Neuez, Monica Kalia and Jacqueline Cheung, wrote in a Feb. 2 note to clients.