Management buyout at Julius Baer wealth subsidiary

Following a strategic review by the Swiss group

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Wealth giant Julius Baer will sell its Switzerland-based subsidiary Wergen & Partner Wealth Management.

Wergen’s management team will acquire 100% of the shares of the company for an undisclosed sum.

Julius Baer acquired the firm in 2017.

The current management team at Wergen & Partner WM comprises six people and they will continue to serve their clients which are booked with various custodian banks.

The M&A deal is expected to be finalised in Q1 2022.

The decision to sell the subsidiary follows a strategic review of Julius Baer’s participations which concluded that the firm can best develop under the ownership of current and future management.

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