Julius Baer sells Swiss wealth business
Companies will maintain a partnership after the deal
ANNOUNCEMENT: UK Adviser is now PA Adviser. Read more.
Companies will maintain a partnership after the deal
Following acquisition of Falcon Private Wealth
As it raises £15m in third funding round
Deal ‘provides the momentum for executing new growth strategies’
Combined group will have CHF3.5bn in AuM
Deal expands fund group’s capabilities in sustainable investments for emerging markets
Combined entity will have around CHF5.5bn in assets under management
Industry believes it may take a while for the structures to gain international recognition
It presents a ‘great opportunity to enhance our services’
It already has operations in Zurich, London and Manchester
Deal will expand offering across the Channel Islands and Europe
Following a strategic review by the Swiss group