Julius Baer’s integration of the Merrill Lynch International Wealth Management business in Hong Kong and Singapore had a 'very high asset transfer' of over 80%, according to its four month interim statement today.
Julius Baer completed the transfer of Merrill Lynchs international wealth management business in Ireland yesterday, the latest step in its integration of the firms business outside of the US.
First American expatriates were told that their bank accounts weren’t welcome. Now, it seems, Americans’ tax-deferred retirement accounts are also increasingly unwanted by US financial institutions, unless these accounts are of significant size.
The Hong Kong Securities and Futures Commission (SFC) said it has banned Joyce Hsu Ming-mei, a former licensed representative of Merrill Lynch (Asia Pacific) Ltd from the financial services industry “for life”, in the latest of a series of actions taken over the past two years in response to a fraud that was found to…
Julius Baer has completed the “principal closing” of its acquisition of Merrill Lynch’s International Wealth Management business from Bank of America.
Julius Baer said it is expediting changes it plans to make to top management as part of its purchase of the non-US business of Merrill Lynch from Bank of America.
Bank of America-Merrill Lynch has reportedly appointed Margaret Ren, a prominent Asian banker and daughter-in-law of former Chinese Premier Zhao Ziyang, as its new chairman.
ETF Securities has hired former Bank of America Merrill Lynch executive Matt Johnson as head of distribution for Europe, Middle East and Africa.
Bank of America Corporation has agreed to sell its international wealth management business to Swiss private banking group Julius Baer for an estimated 1.2% of client assets.
Swiss private banking group Julius Baer is in discussions with Bank of America to acquire Merrill Lynch’s international wealth management business outside the US.
Merrill Lynch Wealth Management has named five advisers to look after clients in the Middle East, out of its offices in Dubai and Beirut.
Bank of America Merrill Lynch has launched a Dim Sum Index in a move that pays homage to the rapid development of the Chinese renminbi-denominated offshore bond market in Hong Kong.
